Building Details

Building Size 1,196 SF

Year Built 1959

Tenancy Multi

Listing Agency: NAI Horizon - Phoenix

Listed By: Dylan Whitwer · License #SA676537000 Show Phone

Source: Naiglobal

Added: Jun 2 Changed: Sep 3 Last Checked: Sep 2 at 4:19PM

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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 NAI Horizon - Phoenix

Investment Insights

Based on property information with market context.

This for-sale multifamily investment portfolio brings together two Phoenix Metro assets with current income and expansion potential. The Central Phoenix component is a fully occupied triplex with two 1 bed/1 bath units and one 2 bed/1 bath unit. There is also preliminary City approval for adding two additional units. The Mesa component is a two-unit multifamily property with two 1 bed/1 bath units, and the permit set is completed and ready for submission/payment for a future development addition.

The portfolio includes 4711 N 15TH AVE in Phoenix and 718 W Pepper Pl in Mesa. Both properties are structured around stabilized tenancy today, while also supporting near-term development steps tied to the documented approval and permitting status described.

For investors, this format can appeal to those looking for immediate cash flow from occupied multifamily housing, paired with clearly identified next phases to increase the unit count. The combination of an already-producing triplex plus a permitting-ready two-unit redevelopment project may fit buyers who want a straightforward strategy to balance income generation with long-term growth in the Phoenix Metro market.

Key Highlights

• Multifamily investment portfolio with two Phoenix Metro properties: a fully occupied Central Phoenix triplex and a Mesa 2‑unit property
• Central Phoenix triplex: (2) 1 bed / 1 bath units and (1) 2 bed / 1 bath unit; fully occupied
• Central Phoenix triplex has preliminary City approval to add two additional units

Property Analytics

Property Profile

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Tanning Salon Travel Agency Clothing & Fashion Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

1,597

Businesses Nearby

Explore this area Business Placement

Demographics for 85201, AZ

51,187

Population

23,099

Households

2.2

Avg Household Size

33

Median Age

27%

College-Educated

87%

High-School Grad

9.4 sq mi

ZIP Area

5,445

Density / Sq Mi

$63,725

Median Household Income

$40,067

Median Earnings

$1,349

Median Rent

$292,600

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Includes an occupied Central Phoenix triplex and a Mesa two-unit property, with added-unit development opportunities.

Where is this triplex located?

The property is located at 718 W Pepper Pl Mesa, AZ.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: Multifamily investment portfolio with two Phoenix Metro properties: a fully occupied Central Phoenix triplex and a Mesa 2‑unit property; Central Phoenix triplex: (2) 1 bed / 1 bath units and (1) 2 bed / 1 bath unit; fully occupied; Central Phoenix triplex has preliminary City approval to add two additional units