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    Fourplex Compound with Workshop Title is generated by Realmo AI

    746 West Coolidge Street, Phoenix, AZ 85013

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    For Sale
    $1,100,000

    Three-building fourplex package includes an attached workshop, steel carport, and multiple storage units.

    Type:Multiple Dwellings
    Property size:
    5,800 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $189/SF
    Added:
    May 26, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 6 at 3:57 am

    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

    We can help!

    Listing Contact
    James C Stephens

    Listing agent James C Stephens License #BR650365000

    Listing office Better Homes & Gardens Real Estate SJ Fowler

    Listing date May 26, 2026

    Source Compass

    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

    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).
    • Includes an attached 1,800+/- SF workshop to the middle house plus a commercial‑grade steel carport.
    • Additional outbuildings: 4 large storage units and exterior security light(s).
    • Sold as‑is with DND tenants; HVAC includes heat pump and electric cooling/heating.

    Overview

    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.

    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 $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 (±1% cap)
    NOI $75,967 @ 7.0% cap · market cap 6.91%
    Second Best
    Apartment 5plus
    $966.4K
    $845.6K – $1.13M (±1% cap)
    NOI $67,648 @ 7.0% cap · market cap 6.15%
    Theoretical Best
    Office A
    $1.76M
    $1.54M – $2.05M (±1% cap)
    NOI $122,981 @ 7.0% cap · market cap 11.18%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Sinatras Recording Room Recording Studio Coatified Association Or Organization

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0854832
    Latitude
    33.505314

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    FAQs

    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 $1,100,000.
    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).
    (602) 672-3526
    We can help!
    Listing Contact
    James C Stephens
    Real Estate License ID: BR650365000
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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