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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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    This listing looks promising.

    Here's a quick look at some key insights for

    1515 W TONTO Street, Phoenix, AZ 85007

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    • Est. Cap Rate

      3.1%
      NOI ÷ price

    • Est. NOI

      $19K
      Annual

    • Price @ 7% Cap

      $278K
      Suggested

    • Property Type

      Single Family Residence
      Built 1943
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    Fully Renovated Triplex Property
    Updated: Jul 23
    Fully Renovated Triplex Property

    1101 E ROOSEVELT Street, Phoenix, AZ 85006

    $749,999
    Fully renovated triplex with three tenant‑occupied units: two 2‑bed/1‑bath units and one 3‑bed/2‑bath unit
    Updates completed in 2025 include new flooring, cabinets, countertops, white appliances, bathrooms, and lighting fixtures
    Separately metered electric for each unit and public sewer
    Ample private parking and low‑maintenance landscaping
    R‑5 zoning and registered as a multifamily parcel; separately parceled as a triplex
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    Renovated Triplex with Private Entrances
    Renovated Triplex with Private Entrances

    2223 E ROOSEVELT Street, Phoenix, AZ 85006

    $700,000

    Recently upgraded triplex with three separate units and private entrances, plus washer/dryer hookups and included appliances.

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    Fully Renovated Three-Unit Income Property
    Fully Renovated Three-Unit Income Property

    5038 N 18TH Avenue, Phoenix, AZ 85015

    $715,000
    2,276 sqft

    Three renovated units include a main house and duplex, leased to a single tenant under a five-year NNN structure.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Fully Remodeled Craftsman Short-Term Rental
    Fully Remodeled Craftsman Short-Term Rental

    1502 W MONROE Street, Phoenix, AZ 85007

    $645,000

    Active Airbnb on a corner lot in R5 zoning, featuring a remodeled main home plus a separate apartment above a detached garage.

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    Phoenix Triplex: Strong Income Potential
    Phoenix Triplex: Strong Income Potential

    4514 N 14TH Place, Phoenix, AZ 85014

    $845,000

    Gated triplex near Biltmore Area with modernized interiors and zero vacancy.

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    Remodeled Triplex with Detached Units
    Remodeled Triplex with Detached Units

    2221 N 27TH Street, Phoenix, AZ 85008

    $985,000

    Turnkey remodeled triplex with a 4-bed main home plus two detached rental units, each with private yards and parking.

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    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    6220 North 14th Street, Phoenix, AZ 85014

    Contact for pricing
    2,470 sqft

    A fully occupied triplex built in 1959 with two 2 bed/1 bath units and one 1 bed/1 bath unit.

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    Rent-by-Room Triplex
    Rent-by-Room Triplex

    2755 E ATLANTA Avenue, Phoenix, AZ 85040

    $575,000

    Rent-by-room triplex with recent AC and electrical panel upgrades and defined unit bedroom and bathroom configurations.

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    Triplex with Central Air
    Triplex with Central Air

    2142 E TAYLOR Street, Phoenix, AZ 85006

    $435,000

    Triplex zoned R-4 with one 2-bedroom and two 1-bedroom units, central air, and natural gas heating.

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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    4524 North 14th Place, Phoenix, AZ 85014

    Contact for pricing
    1,817 sqft 0.19 AC lot

    Three-unit residential income property offered for sale with 1,817 SF building size.

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    Tri-Plex with Gated Yards
    Tri-Plex with Gated Yards

    24 W FULTON Street, Phoenix, AZ 85041

    $495,000

    Tri-plex offers three rented units, each with a gated yard and dedicated paved parking area.

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    Phoenix Triplex Investment Opportunity
    Phoenix Triplex Investment Opportunity

    9027 N 11TH Street, Phoenix, AZ 85020

    $599,900

    Well-maintained triplex near Downtown Phoenix with strong rental potential.

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    Triplex with Mixed Unit Sizes
    Triplex with Mixed Unit Sizes

    2142 E Taylor St, Phoenix, AZ 85006

    Contact for pricing
    1,880 sqft

    Triplex for sale featuring one 2-bedroom and two 1-bedroom units, currently rented.

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    Renovated Garden-Style Triplex
    Renovated Garden-Style Triplex

    2334 W MORTEN Avenue, Phoenix, AZ 85021

    $527,800

    Three-unit garden-style triplex renovated in 2023 with updated interiors, private patios, and in-suite washer/dryer.

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    Phoenix Multifamily Property For Sale
    Phoenix Multifamily Property For Sale

    2831 E MOBILE Lane, Phoenix, AZ 85040

    $649,990

    Multifamily property featuring a mix of unit sizes.

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    Turnkey Three-Unit Short-Term Rental
    Turnkey Three-Unit Short-Term Rental

    1515 W Tonto Street, Phoenix, AZ 85007

    $619,900

    Fully renovated and furnished three-unit property with independent entrances, kitchens, and full baths for short-term guests.

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    Updated Triplex with Covered Parking
    Updated Triplex with Covered Parking

    4838 E WILLETTA Street, Phoenix, AZ 85008

    $559,900

    Fully updated triplex with covered parking and two 1-bed units plus one 2-bed unit.

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    Restored 3-Unit Multifamily Property
    Restored 3-Unit Multifamily Property

    1522 W Polk Street, Phoenix, AZ 85007

    $540,000

    Historic 3-unit garden-style property restored in 2022 with a renovated 2-bed home and rebuilt duplex units.

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    Three-Unit Triplex with Balconies
    Three-Unit Triplex with Balconies

    1318 E JEFFERSON Street, Phoenix, AZ 85034

    $2,000,000

    Under-construction three-unit triplex in downtown Phoenix, zoned R-5, with private balconies; estimated completion is October 2027.

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    Triplex with Renovated Unit
    Triplex with Renovated Unit

    1132 West North Lane, Phoenix, AZ 85021

    $585,000

    Three same-size 2 bed, 1 bath units with recent roof, new AC, and modern finishes, including a vacant fully remodeled unit.

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    Renovated Triplex with Updated Interiors
    Renovated Triplex with Updated Interiors

    1215 E MISSION Lane, Phoenix, AZ 85020

    $560,000

    R1-6 zoned 3-plex with renovated kitchens and bathrooms, central air, and ample on-site parking in Phoenix.

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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    6201 N 9th Place, Phoenix, AZ 85014

    $810,000

    Tri-plex with three 2-bedroom units, each featuring a private patio and access to a shared shaded backyard.

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    Multifamily Investment Property
    Multifamily Investment Property

    2230 E TAYLOR Street, Phoenix, AZ 85006

    $320,000

    For sale multifamily property in Phoenix zoned MR.

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    Phoenix, AZ Triplexes Market Trends and Statistics

    Explore 60 triplexes for sale in Phoenix, AZ, showcased through 60 active listings on our real estate platform. These investment opportunities span a total of 16,148 square feet of properties for sale, with an estimated market value of $36,837,473.

    Sale prices for three-family homes in Phoenix, AZ start at $299,900, averaging $736,749, and reaching up to $2,300,000 — 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 108
    Duplexes 77
    Quadplexes 71
    Triplexes 60
    Short term rental properties 18

    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
    85007 $389.4K
    85009 $454.9K
    85041 $500K
    85006 $512.5K
    85020 $542.5K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    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

    • 85006
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    • 85014
    • 85021
    • 85040
    • 85003
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    • 85013
    • 85016
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