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    Phoenix, AZ Multifamily Properties for Sale

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    Phoenix Duplex with Rental Potential
    Updated: Mar 5
    Phoenix Duplex with Rental Potential

    1331 E PUEBLO Avenue, Phoenix, AZ 85040

    $489,000
    3,060 sqft 0.26 AC lot
    Large 4 Bed / 2 Bath layout (~1,530 SF per unit) ideal for rental income.
    4‑car covered parking (2 carports per unit) + extra parking.
    Each unit has in‑unit laundry hookups.
    Big fenced yard + patio.
    New flooring, ceiling fans, blinds & water heater (unit 2).
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    This listing looks promising.

    Here's a quick look at some key insights for

    1331 E PUEBLO Avenue, Phoenix, AZ 85040

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    • Est. Cap Rate

      8.2%
      Above avg (5.9%)

    • Est. NOI

      $40K
      Annual

    • Price @ 7% Cap

      $573K
      Above asking

    • Property Type

      Duplex
      Built 2007
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    Turnkey Renovated Triplex
    Updated: Feb 19
    Turnkey Renovated Triplex

    1515 W TONTO Street, Phoenix, AZ 85007

    $619,900
    1,485 sqft 0.15 AC lot
    Fully renovated, fully furnished 3‑unit short‑term rental in Downtown Phoenix with three independent units under one roof
    Unit mix: one 2 bed/1 bath, one 1 bed/1 bath, and one private studio—each with its own kitchen, full bath, and separate entrance
    2024 performance: $119,442 gross revenue and $62,272 operating income; 2025 performance: $103,198 gross revenue and $53,719 operating income
    Two‑year averages: approximately $111,320 average revenue and roughly $57,996 average NOI, reflecting operating margins of about 52%
    Each unit includes electric heating and electric cooling (wall/window and wall unit(s)); stucco construction and public sewer
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    R-3 Zoned Quadplex
    R-3 Zoned Quadplex

    3801 N 23RD Drive, Phoenix, AZ 85015

    $750,000

    Quadplex zoned R-3 in Phoenix, AZ 85015, available for sale.

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    Fourplex Compound with Workshop
    Fourplex Compound with Workshop

    746 West Coolidge Street, Phoenix, AZ 85013

    $999,000
    5,800 sqft 0.40 AC lot

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

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    Side-by-Side Duplex Investment
    Side-by-Side Duplex Investment

    2421 E PUEBLO Avenue, Phoenix, AZ 85040

    $719,900

    Newly built 2025 duplexes with tandem 2-car garages, dual-pane windows, and fully occupied rental units.

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    Side-by-Side 2025 Duplexes
    Side-by-Side 2025 Duplexes

    2431 E PUEBLO Avenue, Phoenix, AZ 85040

    $719,900

    Two newly built, fully occupied duplexes with 3-bedroom layouts and tandem 2-car garages.

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    Two-Story Multifamily with 8 Units
    Two-Story Multifamily with 8 Units

    9648 N 12TH Avenue, Phoenix, AZ 85021

    $999,000

    Eight-unit multifamily with new mini-split HVAC systems and full occupancy in North Central Phoenix.

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    2-Bedroom Condominium Unit Portfolio
    2-Bedroom Condominium Unit Portfolio

    1718 E Campbell Avenue Multi#, Phoenix, AZ 85016

    $3,180,000
    10,268 sqft

    Acquire a 12-unit condominium portfolio with a professionally managed HOA covering exterior and common-area services.

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    Fourplex Residential Income Building
    Fourplex Residential Income Building

    1328 W COCHISE Drive, Phoenix, AZ 85021

    $689,000

    Fourplex with four two-bedroom, one-bath units, washer/dryers, carports, and private yards in R-3 zoning.

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    5-Unit Multifamily with Recent Renovations
    5-Unit Multifamily with Recent Renovations

    2002 W JEFFERSON Street, Phoenix, AZ 85009

    $539,000

    Three freestanding buildings on one parcel with a renovation history and fully occupied units.

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    Renovated 8-Unit Multifamily Property
    Renovated 8-Unit Multifamily Property

    4119 N 11th Ave, Phoenix, AZ 85013

    $1,650,000
    5,400 sqft

    Fully renovated 8-unit community completed in 1958 with a mix of one- and two-bedroom floorplans.

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    Garden-Style Four-Unit Multifamily
    Garden-Style Four-Unit Multifamily

    2444 E WILLETTA Street, Phoenix, AZ 85008

    $750,000

    Stabilized four-unit garden-style property with two two-bedroom units and two one-bedroom units, all with private outdoor space.

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    Turnkey Five-Unit Apartment Property
    Turnkey Five-Unit Apartment Property

    11230 N 17TH Avenue, Phoenix, AZ 85029

    $999,990

    Completely rebuilt five-unit apartment with new utilities, finishes, and a dedicated laundry room.

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    Modern Two-Unit Income Property
    Modern Two-Unit Income Property

    721 E Carol Ave, Phoenix, AZ 85020

    $800,000
    3,702 sqft

    Built in 2022, this two-unit multifamily property is zoned R-4 and totals 3,702 SF.

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    Immaculately Maintained Fourplex
    Immaculately Maintained Fourplex

    3823 N 23RD Drive, Phoenix, AZ 85015

    $799,900

    Immaculately maintained fourplex with four 2-bedroom, 1-bath units; three occupied and one vacant for showing.

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    Turnkey Fourplex with Private Patios
    Turnkey Fourplex with Private Patios

    2726 E BECK Lane, Phoenix, AZ 85032

    $925,000

    Turnkey fourplex with remodeled 2 bed/2 bath units, including in-suite washer and dryer, plus private patios and balconies.

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    Remodeled Duplex with Detached Homes
    Remodeled Duplex with Detached Homes

    1934 East Monte Vista Road, Phoenix, AZ 85006

    $589,000
    2,285 sqft

    Fully remodeled duplex configuration with a main house and detached guest home, each suited for independent rental use.

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    Fourplex Residential Income Property
    Fourplex Residential Income Property

    1001 N 32ND Avenue, Phoenix, AZ 85009

    $629,999

    Four individually metered units with recent upgrades and a recently painted exterior, fully occupied with one renewal upcoming.

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    Well-Maintained Duplex Residence
    Well-Maintained Duplex Residence

    204 East Hatcher Road, Phoenix, AZ 85020

    $850,000
    3,576 sqft

    Built in 2006, this duplex offers two 3-bed/2.5-bath units with attached two-car garages, private yards, and in-unit washer/dryer.

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    Renovated Tenant-Occupied Triplex
    Renovated Tenant-Occupied Triplex

    1101 E ROOSEVELT Street, Phoenix, AZ 85006

    $799,999

    Triplex with two 2-bedroom/1-bath units and one 3-bedroom/2-bath unit, fully updated in 2025 and separately metered.

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    Shovel-Ready Multifamily Development
    Shovel-Ready Multifamily Development

    320 East Hatcher Road, Phoenix, AZ 85020

    $695,000
    16,396 sqft

    Shovel-ready, fully approved 20-unit multifamily project with planned parking and a mix of unit types.

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    Phoenix Multifamily Investment Opportunity
    Phoenix Multifamily Investment Opportunity

    909 S 35TH Avenue, Phoenix, AZ 85009

    $1,110,000

    Fully occupied 8-unit complex near Downtown Phoenix.

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    Updated Duplex in South Mountain
    Updated Duplex in South Mountain

    2828 East Chipman Road, Phoenix, AZ 85040

    $519,999
    1,700 sqft

    Remodeled duplex with investment potential in Phoenix's South Mountain.

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    Two Detached Homes Income Property
    Two Detached Homes Income Property

    2324 E OAK Street, Phoenix, AZ 85006

    $980,000

    Two detached single-family homes, each leased, with attached 2-car garages and 3-bed/2.5-bath layouts under R-3 zoning.

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    Phoenix, AZ Multifamily Properties Market Trends and Statistics

    Explore 309 multifamily properties for sale in Phoenix, AZ, showcased through 309 active listings on our real estate platform. These investment opportunities span a total of 387,126 square feet of properties for sale, with an estimated market value of $247,363,879.

    Sale prices for multifamily properties in Phoenix, AZ start at $67,500, averaging $1,075,495, and reaching up to $11,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 105
    Duplexes 80
    Quadplexes 68
    Triplexes 60
    Short term rental properties 17

    Demographics Overview

    Population 1.46M
    Population Growth (5Y) +4.4%
    Median Household Income $76,692
    College Educated 25.3%

    High-Yield Neighborhoods for Investment

    Identify Phoenix submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    85029 $422.5K
    85041 $491K
    85031 $498.4K
    85040 $551.7K
    85004 $585.5K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Maricopa County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Phoenix fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Phoenix, AZ

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