Three-Unit Multifamily
6220 North 14th Street Phoenix, AZ 85014
6220 North 14th Street, Phoenix, AZ, 85014
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For Sale
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A fully occupied triplex built in 1959 with two 2 bed/1 bath units and one 1 bed/1 bath unit.
Property Size2,470 SF
Price / SF$279.35
Days on Market50
Property Features for 6220 North 14th Street
General Information
- Standard status
- Active
- Size
- 2,470 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1959
Listing agency
R.O.I. Properties
(602) 319-1326
Listed by
Beth Jo Zeitzer · License #AZ BR044331000
Source
Crexi
Added: Jun 3 Updated: Jul 21 at 9:56PM Checked: Jul 21 at 9:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of R.O.I. Properties
Investment Insights
Based on property information with market context.
6220 North 14th Street is a three-unit multifamily property built in 1959 and currently 100% occupied. The unit mix includes two two-bedroom, one-bath units and one one-bedroom, one-bath unit, creating a balanced rental configuration within a small residential income asset.
Located in the North Central Phoenix corridor, the property is zoned R-3. It offers an opportunity to acquire a stabilized, small multifamily building with immediate occupancy in an established Phoenix submarket.
As a compact three-unit structure, the property presents a straightforward investment profile with three separately rentable apartments in place.
Located in the North Central Phoenix corridor, the property is zoned R-3. It offers an opportunity to acquire a stabilized, small multifamily building with immediate occupancy in an established Phoenix submarket.
As a compact three-unit structure, the property presents a straightforward investment profile with three separately rentable apartments in place.
Key Highlights
- Fully occupied 3‑unit multifamily triplex built in 1959
- Unit mix: two 2 bed/1 bath units and one 1 bed/1 bath unit
- 100% occupancy for immediate rental cash flow
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.9k | $19.80 |
| − Vacancy | −$2.7k | −$1.09 |
| EGI | $46.2k | $18.71 |
| − OpEx | −$13.9k | −$5.61 |
| NOI | $32.4k | $13.10 |
2,470 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$462.2K
$404.4K – $539.2K
NOI $32,351 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$411.6K
$360.1K – $480.2K
NOI $28,809 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$748.2K
$654.7K – $872.9K
NOI $52,373 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - A fully occupied triplex built in 1959 with two 2 bed/1 bath units and one 1 bed/1 bath unit.
Where is this triplex located?
The property is located at 6220 North 14th Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Fully occupied 3‑unit multifamily triplex built in 1959; Unit mix: two 2 bed/1 bath units and one 1 bed/1 bath unit; 100% occupancy for immediate rental cash flow
