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$719,000
4 Beds 4 Baths 7029061 MLS
Turnkey Furnished Phoenix Duplex | Proven Income-Producing Investment | No HOA Opportunity meets flexibility at 4201 E Almeria Rd, a fully furnished duplex already operating as a successful short-term rental with an impressive 4.79-star guest rating and 94.4% five-star reviews. Whether you're expanding your investment portfolio, looking for a house-hack opportunity, or seeking a property that can generate income from day one, this one is ready to perform. The property features two separate residences, including a 2-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit, currently configured for room-by-room rentals to maximize income potential. Continue the existing short-term rental model or adapt it for Airbnb, VRBO, corporate housing, traveling medical professionals, seasonal visitors, mid-term rentals, or traditional long-term tenants. Sold fully furnished, the property includes all furniture, appliances, refrigerators, washers, dryers, and household essentials, making for a seamless transition with minimal startup costs. Major capital improvements provide additional peace of mind, including Unit 1 HVAC (2021), Unit 2 HVAC (2022), Unit 1 water heater (2023), Unit 2 water heater (2021), along with additional interior updates and light remodeling throughout. Location is another standout feature. Situated just minutes from Phoenix Sky Harbor International Airport, Downtown Phoenix, Old Town Scottsdale, Tempe, Arizona State University, major hospitals, business corridors, Cactus League Spring Training, entertainment, shopping, dining, golf, and convenient freeway access, this property consistently appeals to both business and leisure travelers. With no HOA, proven rental history, flexible income strategies, and a location that remains in demand year-round, this is a rare opportunity for investors, owner-occupants, or multi-generational living. Continue operating as a successful furnished rental or tailor it to your investment goals--the choice is yours.

4201 E Almeria Road Unit 1, Phoenix

Courtesy of Realty ONE Group. 480-285-0000

$519,999
5 Beds 3 Baths 7026854 MLS
Back and better than ever with a brand-new roof and major upgrades throughout! Welcome to 2828 E Chipman Rd in Phoenix -- a rare duplex opportunity offering updated living space and excellent investment potential. The front unit spans approximately 1,700 square feet and has been recently remodeled with 3 bedrooms, 2 bathrooms, a stunning new kitchen with modern finishes, fresh carpet throughout, and a spacious, move-in-ready layout. The AC unit was replaced in 2021 for added peace of mind. The back unit offers approximately 1,000 square feet with 2 bedrooms and 1 bathroom, making it ideal for rental income, multigenerational living, or additional flexibility. Whether you are looking to live in one unit while leasing the other or searching for a turnkey investment property, this duplex offers exceptional versatility and value. Located in Phoenix's desirable South Mountain area, the property provides easy access to I-10 and Loop 202, making commuting throughout the Valley simple and convenient. Just minutes from Downtown Phoenix, residents can enjoy nearby dining, entertainment, and cultural attractions, including Papago Park, the Phoenix Zoo, Desert Botanical Garden, Heritage Square, the Rosson House Museum, and the Arizona Science Center.

2828 E Chipman Road, Phoenix

Courtesy of Barrett Real Estate. 480-864-2100

$1,109,998
8 Beds 8 Baths 7025359 MLS
Discover a prime investment opportunity in strong central Phoenix with this fully occupied 8-unit multifamily complex generating consistent cash flow from day one. This exceptional property comprises three spacious 1-bedroom, 1-bathroom units and five efficient studio units, perfectly positioned to capitalize on the area's high demand for affordable rentals where vacancies remain rare. Each unit features its own electrical sub-panel for independent metering and billing. While all three 1-bedroom units boast in-unit washer/dryers for premium tenant appeal, and studios share a convenient on-site laundry facility. The property is fully fenced with one dedicated parking spot per unit, creating a secure and organized community. Major systems including plumbing, electrical, and HVAC were professionally upgraded in 2021, ensuring reliability and minimal maintenance concerns for years to come. The property is well-maintained with regular upkeep including fresh paint and timely repairs. With its R-5 zoning allowing for maximum density in multifamily development, this property presents significant future redevelopment possibilities for investors seeking long-term upside potential. Located strategically near Downtown Phoenix, the Central Avenue light rail extension, and with easy access to I-10 and I-17, residents enjoy quick commutes to key employment corridors and major transit routes. Beyond the stable current income, this is a true value-add opportunity--the large lot provides room for expansion, and there's strong potential to increase returns by replacing flooring and installing washer/dryers in the remaining studio units, or utilizing the huge courtyard for income-producing amenities like vending machines. This combines built-in stability with substantial upside for an investor ready to maximize returns. DRIVE-BY ONLY; please do not disturb tenants. Walkthroughs available only with accepted offers. Buyer to verify all information.

909 S 35th Avenue, Phoenix

Courtesy of Fathom Realty. 877-661-1977

$480,500
4 Beds 2 Baths 7025341 MLS
Welcome to an outstanding investment opportunity in desirable South Phoenix! This beautifully renovated duplex offers the perfect blend of strong cash flow, modern finishes, and strategic location--plus the flexibility to build equity while living rent-free. With two identical side-by-side units which can generate upto $3,500+ in gross monthly rent, this turnkey property delivers immediate returns with minimal landlord involvement, or pursue a smart owner-occupancy strategy by living in one unit while rental income from the other covers your mortgage. Each spacious 2-bed, 1-bath unit features elegant, high-quality finishes throughout with updated kitchens showcasing white Shaker cabinetry, granite countertops, stainless steel appliances, and recessed lighting that creates a bright, modern aesthetic. Full bathrooms impress with tiled showers, updated vanities, and contemporary fixtures. Open-concept living areas flow seamlessly, complemented by abundant natural light and dual-pane windows that let in Arizona's beautiful weather year-round. This property is essentially brand new inside and out, updated 2019-2021. Each unit boasts private front and backyards. Rare for a duplex property, the expansive backyard provides significant flexibility and future upside. In addition to RV and boat storage, the generous lot size may offer the opportunity for a pool, detached casita, guest house, or other value-add improvements, subject to buyer verification of zoning requirements. Separately metered electric and water (yes for water as well) for each unit means transparent billing and simplified tenant management. Current lease expire 12/31/2026 for one unit and other unit is vacant, provides excellent timing to implement your desired strategy--whether that's maintaining strong investor cash flow or transitioning to owner-occupancy with flexible rental options. Just minutes from Sky Harbor International Airport and downtown Phoenix, this neighborhood offers unbeatable convenience and is experiencing significant growth with new construction and exciting development projects nearby, positioning this as a strong value play. This is true turnkey real estate- fully renovated, fully metered with an attractive cap rate. Property is strictly drive-by; please do not disturb tenants. Walkthroughs available after contract acceptance. Buyer to verify all facts, figures, zoning, development potential, and future use possibilities.

5206 S 11th Avenue, Phoenix

Courtesy of Fathom Realty. 877-661-1977

$675,000
8 Beds 4 Baths 7023263 MLS
Positioned minutes from Historic Downtown Glendale, this four-unit property offers strong in-place cash flow with clear upside in a character-rich submarket. The asset features a front single-family home and rear triplex, creating a diversified income stream. All units are single-story with washer/dryer hookups, functional layouts, and private patios, supporting tenant retention. Current gross income is $4,335/month, with triplex units averaging ~$1,030 and the front home at $1,250. Market comps support rent growth to $1,200-$1,250 (triplex) and $1,300-$1,375 (house), providing a clear path to increased NOI. Located near Downtown Glendale, Murphy Park, and Westgate Entertainment District, the property benefits from strong tenant demand and long-term growth potential.

6739 N 61st Avenue, Glendale

Courtesy of Orion Investment Real Estate. 480-634-6934

$949,000
5 Beds 4 Baths 7022517 MLS
Very charming and quiet mid-century apartment community in midtown Phoenix situated just north of the Phoenix country club features a garden style four-unit building and a beautiful two-bedroom home (separate listing) surrounding a lush green community courtyard! The apartment units have been meticulously upgraded with beautiful flooring, tiling, paint, appliances, ceiling fans and lighting. An array of improvements and enhancements on this stunning property have created an environment where tenants typically remain for a long time! Ideal set-up for someone who wants to reside in the mid-century home while renting the units out. Or perfect AirBnB! This one's truly a gem in a fantastic location near light rail, Biltmore and downtown!

3515 N 12th Street, Phoenix

Courtesy of DeLex Realty. 602-910-3002

$749,000
6 Beds 6 Baths 7022329 MLS
Experience modern living in this innovative 2024 duplex, crafted from high-quality shipping containers. This home is currently a short-term rental. Income docs are available. Its sleek industrial charm merges with contemporary aesthetics, boasting 3 bedrooms, 2.5 bathrooms, and 1442 sq ft per unit. Enjoy engineered wood floors, fully spray-insulated walls, and a spacious layout spread over two stories. The open-plan first floor seamlessly integrates the living area and kitchen, while upstairs, three generously sized bedrooms and two bathrooms are flooded with natural light. Outside, landscaped grounds offer ample space for Arizona outdoor living. This eco-friendly property pioneers sustainable design, offering a unique opportunity to embrace the future of residential living.

9624 N 16th Avenue, Phoenix

Courtesy of LRA Real Estate Group, LLC. 480-526-5644

$964,999
8 Beds 7020709 MLS
Huge opportunity to own a 4-plex investment property in a prime location! Situated in the rapidly growing and highly desirable central Phoenix area near the Downtown, Midtown, and Encanto Corridors, this is an exceptional opportunity for long-term wealth creation and strong rental demand. With no HOA fees, operating costs stay lower and returns stronger. The property features four well-maintained units, each offering 974 sq ft with 2 bedrooms and 2 bathrooms. One unit has been recently remodeled, with another currently undergoing renovations. Two units are currently leased below market rents, while two units are vacant during the remodel process, creating immediate upside potential. Strong value-add opportunity with projected rents of $1,450-$1,700 per month based on nearby comparable properties. Centrally located property just minutes from downtown phoenix with convenient freeway access and strong rental potential. Situated in an established neighborhood with a mix of resident and investment properties.

3422 N 12th Place, Phoenix

Courtesy of Howe Realty. 602-909-6513

$835,000
4 Beds 3 Baths 7020424 MLS
Exceptional investment opportunity in the heart of Central Phoenix. Ideally situated near the Biltmore Area and Downtown Phoenix, this gated triplex offers strong in-place income with zero vacancy and modernized interiors throughout. The property features two 1 bed / 1 bath units and one 2 bed / 1 bath unit, all thoughtfully updated while maintaining a touch of mid-century character. Tenants enjoy a private, lushly landscaped courtyard, along with semi private patios for each unit, creating a unique community-oriented living environment. Additional highlights include covered parking for three vehicles plus 3 uncovered spaces, multiple storage areas, and a shared laundry room with washer and dryer included. Each unit is separately metered for gas and electric and equipped with its own separately metered for gas and electric and equipped with its own HVAC system and water heater, minimizing owner expenses and simplifying management. Ideal for investors seeking stable cash flow, with future flexibility. Potential owner-occupant opportunity available as early as July. These opportunities do not come up often!

4514 N 14th Place, Phoenix

Courtesy of My Home Group Real Estate. 480-685-2760

$605,000
6 Beds 4 Baths 7020368 MLS
Well-located 4-plex just minutes from Grand Canyon University presents a strong opportunity for investors seeking consistent income and long-term growth. Its proximity to a major university creates steady rental demand, making it ideal for student housing or long-term tenants. The property offers reliable cash flow with solid income potential, along with the advantage of being in a high-demand rental area. Convenient access to shopping, dining, and major freeways further enhances its appeal to tenants. Whether you are expanding your portfolio or looking for a dependable income-producing asset, this 4-plex is a valuable addition with both immediate returns and future appreciation potential.

5820 N 35th Avenue, Phoenix

Courtesy of A.Z. & Associates. 602-456-7600

$3,100,000
15 Beds 125 Baths 7019569 MLS
NEW CONSTRUCTION!! 5 UNIT ATTACHED TOWNHOUSE COMPLEX IN FOUNTAIN HILLS! Estimated total completion date is June , with first units being 100% finished end of May. All units have 3 bedrooms, 2.5 baths, average 1875 sq ft, and have a 1 or 2 car garage. All 2 story units with outdoor patios and some have upstairs terraces. Main levels have an open floor plan kitchen and living room area with white soft close cabinets, quartz countertops, pantries, and stainless steel appliances. 3 large bedrooms, lots of storage space and in unit laundry rooms can all be found upstairs. Great, quiet neighborhood and only 1 mile from the Avenue of the Fountains, Fountain Park and the world Famous Fountain.

11430 N Saguaro Boulevard, Fountain Hills

Courtesy of Keller Williams, Professional Partners. 623-939-8900

$699,000
6 Beds 4 Baths 7018539 MLS
Brand-new multifamily opportunity in the heart of Cottonwood offering flexibility, income potential, and modern design. This future property features two townhome-style units, each approximately 1,456 sq ft with 3 bedrooms, 2 bathrooms, attached garage, and front and rear patios--an ideal layout for both owner-occupants and tenants. Built by NSI Construction, this development reflects quality craftsmanship and strong market demand. NO HOA and no rental restrictions provide multiple investment strategies: live in one unit and rent the other, lease both long-term, or utilize short-term rental options. Conveniently located near Old Town Cottonwood and just a short drive to Sedona.

4254 E Western Drive, Cottonwood

Courtesy of Berkshire Hathaway HomeServices Arizona Properties. 480-505-6300

$739,000
4 Beds 2 Baths 7017676 MLS
**Rare Dual-Residence Property | Two Private 2BR Homes | Fenced Yards | No HOA** One property, endless possibilities. Set on an oversized corner lot in one of Central Phoenix's most established neighborhoods, this beautifully maintained dual-residence property offers a rare combination of privacy, flexibility, and long-term value. Each of the two thoughtfully designed 2-bedroom, 1-bath residences enjoys its own private entrance, fully fenced yard, and outdoor living space, creating an experience that feels remarkably independent while offering the convenience of one property. Whether you're bringing generations together while preserving personal space, creating the ultimate work-from-home environment, or living in one residence while offsetting costs with the other.. this is the one!! Step inside the gates and discover mature shade trees, lush landscaping, and inviting outdoor spaces that create a peaceful atmosphere rarely associated with such a central location. It's a home best experienced in person, where the thoughtful layout and surprising sense of peaceful privacy immediately set it apart. Plenty of private, covered off-street parking adds to the value of this special property. For investors, the appeal is equally compelling. Rather than a traditional apartment-style duplex, this unique property offers two residences with the privacy and outdoor space today's long-term or short-term tenants increasingly value. The result is a property positioned to appeal to both owner-occupants and renters seeking the comfort and feel of a home. Located just minutes from the Melrose District, Uptown Phoenix, Downtown, top-rated restaurants, shopping, and major employment centers, you'll enjoy exceptional convenience without sacrificing the character of an established neighborhood. Properties offering this level of flexibility are increasingly uncommon. Whether your vision is multi-generational living, supplemental rental income, a private home office, or a long-term investment with multiple paths forward, 548 & 550 W. San Juan Avenue delivers an opportunity unlike anything else on the market.

548 & 550 W San Juan Avenue, Phoenix

Courtesy of Russ Lyon Sotheby's International Realty. 480-287-5200

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