Fourplex Compound with
746 West Coolidge Street Phoenix, AZ 85013
For Sale
$999,000
Three-building fourplex package includes an attached workshop, steel carport, and multiple storage units.
Property Size5,800 SF
Lot Size0.40 Acres
Price / SF$172.24
Days on Market88
Property Features for 746 West Coolidge Street
General Information
Standard status
Active
Size
5,800 SF
Lot size
0.40 Acres
Property subtype
Multiple Dwellings
Building Details
Year Built
1949
Listing Agency:
Better Homes & Gardens Real Estate SJ Fowler
(602) 672-3526
Listed By:
James C Stephens · License #BR650365000
(602) 672-3526
Source:
Compass
Added: May 2
Changed: Jul 10
Last Checked: Jul 27 at 12:52PM
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 Better Homes & Gardens Real Estate SJ Fowler
Investment Insights
Based on property information with market context.
This rare fourplex compound consists of 4 units in 3 buildings on a single lot. The property includes 746 W Coolidge W (3 bed/2 bath, 1,150 SF), 746 W Coolidge E (1 bed/studio, 700 SF), 746 W Coolidge Middle House (2 bed/1 bath, 900 SF), and 915 W Highland House (3 bed/2 bath, 1,250 SF). An approximately 1,800 SF+/- workshop is attached to the middle house. Additional improvements include a huge commercial-grade steel carport, four large storage units, and many recent upgrades, with the property being sold as-is.
The lot runs from Coolidge to Highland, and is described as street-to-street. The site is identified as R3 and also noted as being in an Opportunity Zone (Opp Zone). The listing remarks characterize the compound as located in Uptown Phoenix, with proximity noted to Melrose District, Brophy High School, Uptown Plaza, and Biltmore.
For tenants, the configuration provides a mix of unit sizes across three separate buildings, along with onsite storage and covered parking under the steel carport. For buyers, the street-to-street, one-lot layout may offer flexibility, as the listing notes potential to add density or split into two lots. The property is currently described as having DND tenants.
The lot runs from Coolidge to Highland, and is described as street-to-street. The site is identified as R3 and also noted as being in an Opportunity Zone (Opp Zone). The listing remarks characterize the compound as located in Uptown Phoenix, with proximity noted to Melrose District, Brophy High School, Uptown Plaza, and Biltmore.
For tenants, the configuration provides a mix of unit sizes across three separate buildings, along with onsite storage and covered parking under the steel carport. For buyers, the street-to-street, one-lot layout may offer flexibility, as the listing notes potential to add density or split into two lots. The property is currently described as having DND tenants.
Key Highlights
- Three‑building 4plex compound with 4 units total (3 buildings) on one lot, running from Coolidge to Highland.
- Unit mix and rents: one 3BD/2BA 1,150 SF ($1,500R); one 1BD/Studio 700 SF ($800R); 2BD/1BA 900 SF ($1,500R); 3BD/2BA 1,250 SF ($1,800R).
- 17,557 SF lot zoned R3, with street‑to‑street access (Coolidge to Highland).
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 | $114.8k | $19.80 |
| − Vacancy | −$6.3k | −$1.09 |
| EGI | $108.5k | $18.71 |
| − OpEx | −$32.6k | −$5.61 |
| NOI | $76.0k | $13.10 |
5,800 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$949.6K – $1.27M
NOI $75,967 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$966.4K
$845.6K – $1.13M
NOI $67,648 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,981 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Three-building fourplex package includes an attached workshop, steel carport, and multiple storage units.
Where is this quadplex located?
The property is located at 746 West Coolidge Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three‑building 4plex compound with 4 units total (3 buildings) on one lot, running from Coolidge to Highland.; Unit mix and rents: one 3BD/2BA 1,150 SF ($1,500R); one 1BD/Studio 700 SF ($800R); 2BD/1BA 900 SF ($1,500R); 3BD/2BA 1,250 SF ($1,800R).; 17,557 SF lot zoned R3, with street‑to‑street access (Coolidge to Highland).
