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330 Vehr Dr, Colorado Springs
$619,346
2625743 MLS
Excellent investment opportunity with a strong income history and extensive recent improvements! This well-maintained multifamily property offers an attractive combination of established rental performance, updated interiors, and major system upgrades—making it a compelling addition to any rental portfolio. All units have undergone kitchen and bathroom remodels within the last two years, along with new flooring and additional interior updates that provide a clean, modern feel while helping minimize near-term capital expenses. Kitchens feature updated cabinetry, countertops, appliances and finishes, while refreshed bathrooms and durable flooring create comfortable, appealing living spaces for tenants. Major property improvements include a newer roof and boiler, adding even more value and peace of mind for the next owner. The functional unit layouts offer comfortable living areas, well-equipped kitchens and abundant natural light. Several units also enjoy access to private or semi-private decks, providing valuable outdoor living space that tenants will appreciate. Outside, the property offers fenced backyard space with mature trees and room for residents to enjoy the outdoors. Off-street parking provides additional convenience. With a proven income history, substantial renovations already completed, and major building systems recently updated, this property offers an excellent opportunity for an investor looking for a stabilized multifamily asset with reduced immediate maintenance and renovation needs. Conveniently located near shopping, dining, employment, schools and major transportation routes, the property is positioned for continued rental demand. Whether you're expanding an existing portfolio or looking for a strong income-producing property, this is an opportunity you won't want to miss. Schedule your showing today!

330 Vehr Dr, Colorado Springs

Courtesy of Better Homes and Gardens Real Estate Kenney & Company. 719-550-1515

1334 E Flower Street, Phoenix
$1,099,000
6 Beds ⋅ 4 Baths ⋅ 7087259 MLS
RARE HISTORIC PHOENIX ESTATE with THREE SEPARATE HOMES on one expansive property! Assumable VA loan at 2.875%, approx. $750k balance! This Pueblo Revival gem offers 3,666 SF of total livable space. The main residence features 3 beds, 2 baths + office (2,274 SF), plus TWO private casitas: a newly built 1 bed/1 bath (496 SF) and a 2 bed/1 bath (896 SF). Each residence has dedicated parking, fenced yard + laundry--ideal for multigenerational living, guests or rental income. Historic charm shines through Saltillo tile, wood floors, fireplace + soaring cove ceilings, while the remodeled kitchen adds modern functionality and timeless charm. Private courtyards, covered patios + sparkling pool complete this truly one-of-a-kind Phoenix property!

1334 E Flower Street, Phoenix

Courtesy of Realty ONE Group. 480-315-1240

1515 W Tonto Street, Phoenix
$619,000
7087258 MLS
Fully renovated and fully furnished, this turnkey 3-unit short-term rental in Downtown Phoenix offers strong, documented cash flow and an impressive 4.8+ star Airbnb rating. The asset generated $119,442 in gross revenue in 2024 and $103,198 in 2025, with a two-year average revenue of approximately $111,320, producing operating income of $62,272 in 2024 and $53,719 in 2025, for a two-year average NOI of roughly $57,996--reflecting strong operating margins of about 52%. This is a stabilized, high-margin hospitality investment ideal for investors seeking immediate cash flow, experienced short-term rental operators expanding their portfolio, or buyers looking for a prime-location income property in one of Arizona's fastest-growing urban markets. The property located in a high-demand area of Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, Van Buren. The property features one 2-bed/1-bath unit, one 1-bed/1-bath unit, and a private studio--each with its own kitchen, full bath, and separate entrance - providing three independent income streams under one roof. A separate laundry room and storage shed support efficient operations for guests and cleaning staff, while the fenced common courtyard with grill, fire pit, lounge seating, and hammock enhances guest experience and occupancy appeal.

1515 W Tonto Street, Phoenix

Courtesy of My Home Group Real Estate. 602-399-2748

452 W Yampa St, Colorado Springs
$475,000
8483973 MLS
19th century Victorian home on Colorado Springs' desirable west side. Built in 1898, this property offers classic architecture with exceptional flexibility for owner-occupants, multigenerational living, or investment potential. Live in one unit while renting out the other. Currently configured as two separate living spaces, continue as an income-producing duplex or easily reimagine the home as a spacious single-family Victorian residence. The main level showcases beautiful woodwork, lovely hardwood floors, pocket doors, picture rails, two built-in wardrobes and an original built-in secretary with matching desk highlight the home's Victorian heritage. A stunning cut-glass window welcomes you from the covered front porch filling the home with natural light. The spacious main level features two bedrooms, one bath, formal dining area with wood burning stove, kitchen, enclosed sunroom, basement storage, washer and dryer, and access to a detached oversized two-car garage. Upstairs, the apartment offers two bedrooms and one bath, a living area with exposed brick, vinyl windows, eat-in kitchen with pantry, and window A/C unit. Original hardwood floors lie beneath the carpet, giving the next owner the chance to reveal another piece of this home's 1898 craftsmanship. A water circulator was added to the boiler system to improve efficiency throughout the home. Please note, if utilizing as a rental the upstairs unit may have laundry access from the backyard as there is a walkout staircase from the basement. The owners have never tried opening the door. Brand new roof with transferrable warranty. Outdoor living is just as inviting with a fully fenced backyard, mature vegetation, covered front and rear porches, and peaceful spaces to relax or entertain. Just minutes from downtown Colorado Springs and Old Colorado City, this west side gem combines historic beauty, versatility, income potential, and possibilities in one remarkable property. Come see it today!

452 W Yampa St, Colorado Springs

Courtesy of The Platinum Group. 719-536-4444

322 N 11th Place, Phoenix
$745,000
7086654 MLS
RENOVATED 4 UNITS Short-Term Rental in PRIME Phoenix LOCATION on R-5 zoning. Cap rate 10.6%. 2026 average occupancy rate 72%, Airbnb rating 4.85 out of 5! Comes with confirmed future bookings totaling over $6,000 through Nov 1, 2026 and the established hosting accounts on main short term rentals platforms!!! UNITS: One 2 BD-1BA and Three Studios. Every unit has its OWN kitchen, bathroom and a separate PRIVATE ACCESS. 2 BD unit has it's own Laundry with washer and dryer. The backyard is a common space for all guests with a Grill, Fire pit, Hammock and a separate Laundry shed. Cleaning and maintenance crews use another outside shed for supplies. Each unit uniquely renovated and staged, designed to appeal to a broad range of tenants-perfect for maximizing occupancy & income! The property located in a high-demand area of Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, Van Buren.

322 N 11th Place, Phoenix

Courtesy of My Home Group Real Estate. 602-399-2748

510 E Hatcher Road Unit OFC, Phoenix
$3,200,000
36 Beds ⋅ 24 Baths ⋅ 7086417 MLS
Hatcher Heights is a 24-unit, three-story garden-style apartment community in North Phoenix's Sunnyslope area, across from HonorHealth John C. Lincoln Medical Center and walking distance to Sunnyslope High School and the Arizona Canal Trail. Built in 1985 and renovated in 2022, the property offers 12 one-bed/one-bath and 12 two-bed/one-bath units averaging 599 SF. Capital improvements include a new permitted gate, parking lot and block wall, new windows, and replaced plumbing and drain lines. All units have been renovated or turned, and the community laundry room was fully renovated. Units are individually metered for electricity; two units have in-suite washer/dryers, with panels in place to add them to the rest. Near I-17, SR-51 and North Mountain.

510 E Hatcher Road Unit OFC, Phoenix

Courtesy of ABI Multifamily. 602-714-1400

8927 N 10th Street, Phoenix
$1,400,000
8 Beds ⋅ 8 Baths ⋅ 7086346 MLS
NEW CONSTRUCTION FOURPLEX | 8927 N 10TH STREET This newly constructed fourplex features four modern two-bedroom, two-bathroom residences, approximately 850 square feet each. Contemporary finishes include quartz countertops, new cabinetry, dual-pane windows, and stainless-steel appliances, including a microwave and dishwasher in each unit. Each residence also has its own stackable washer and dryer. The property includes a new asphalt parking lot and manicured desert landscaping. Construction is nearing completion, and the Certificate of Occupancy is pending and expected within approximately 30 days. Information is believed reliable but is not guaranteed. Buyer must independently verify all property information, including condition, dimensions, zoning, permitted uses, plans, approvals. Introducing a newly constructed fourplex at 8927 N 10th Street in Phoenix. Each modern unit offers approximately 850 square feet with 2 bedrooms and 2 bathrooms. All four units are projected to rent for $2,000 per month each. The units feature quartz countertops, installed cabinetry, dual-pane windows, stainless steel appliances--including a microwave and dishwasher--and a new stackable washer and dryer in each unit. Each unit is individually metered for electricity. Water, sewer, and trash are master-metered. The property also offers a new asphalt parking lot and manicured desert landscaping. Conveniently located near SR-51, HonorHealth John C. Lincoln Medical Center, and area employment, shopping, and services. The Certificate of Occupancy is pending and is expected within approximately 30 days. Financial projections: Projected gross rent is $96,000 annually. Based on the provided expense estimates, projected NOI is $79,120, or an estimated 5.65% cap rate. Projected property taxes are $2,900 annually following reassessment; actual taxes may differ. The cap rate excludes vacancy and expenses not listed. All rents, income, expenses, taxes, and cap rate are estimates and are not guaranteed. The Certificate of Occupancy is pending. Buyer should independently verify all property details, financial information, taxes, permits, zoning, and other material facts. Information is deemed reliable but not guaranteed. Situated in Phoenix's established Sunnyslope neighborhood, the area surrounding 8927 N 10th Street combines convenient access to employment, everyday services, neighborhood dining, and desert recreation. Its North Central Phoenix setting places residents near the 7th Street and Dunlap Avenue corridors, with connections to State Route 51, Interstate 17, Downtown Phoenix, and the Camelback Corridor. HonorHealth John C. Lincoln Medical Center is a significant nearby healthcare and employment anchor. Located on East Dunlap Avenue, the hospital provides emergency care, surgical services, specialty treatment, and outpatient services. The surrounding medical offices and healthcare practices add employment opportunities across clinical, administrative, and support positions. The broader North Central Phoenix employment base also includes Blue Cross Blue Shield of Arizona, along with retail, banking, and professional-service businesses. Daily necessities are conveniently located within the surrounding neighborhood. Fry's Food Stores on East Hatcher Road offers groceries, pharmacy services, and a nearby fuel center, while Wells Fargo at 7th Street and Dunlap provides banking services. Local dining includes Little Miss BBQ's Sunnyslope location on North 7th Street, part of the acclaimed Phoenix barbecue business recognized by Phoenix New Times for its standout barbecue. These established businesses contribute both convenience and neighborhood character. Recreation is another appealing feature of the location. Sunnyslope Park and Community Center offer neighborhood gathering spaces, fitness facilities, sports, and organized activities. The nearby North Mountain area and Phoenix Mountains Preserve provide desert scenery and hiking opportunities, bringing outdoor recreation within reach of an established urban neighborhood. Transportation options extend beyond the surrounding road network. The Sunnyslope Transit Center on North 3rd Street provides a nearby public-transit resource, complementing bus service along the area's principal corridors. This combination gives residents options for reaching employment, shopping, and services throughout Phoenix. For multifamily investors, the location offers a practical combination of nearby employment, established services, transportation choices, and recreational amenities. These characteristics can appeal to renters who value everyday convenience and access to central Phoenix destinations, providing a clear location-based rationale when evaluating the area's long-term rental potential.

8927 N 10th Street, Phoenix

Courtesy of Gerchick Real Estate. 602-688-9279

10845 N 15th Avenue, Phoenix
$478,000
5 Beds ⋅ 3 Baths ⋅ 7086337 MLS
Renovated duplex with mountain views in Phoenix's North Mountain area! Live in one unit and rent the other or add a versatile income property to your portfolio. Vacant Unit 1 offers 3BD/2BA, updated kitchen with quartz counters and stainless appliances, large laundry room, spacious front yard, and private backyard with covered patio, storage shed and 3+ off-street parking spots. Unit 2 offers 2BD/1BA plus a large bonus room, private outdoor space, in-unit laundry, and 4-car garage. Long-term tenant generates $1,830/month including rent, pet rent and fees. 6.69% cap rate. Updates include a 2023 roof, dual-pane windows, flooring, plumbing, electrical and central AC. Large lot with alley access and potential for additional parking or ADU. Near hiking, dining, schools and I-17.

10845 N 15th Avenue, Phoenix

Courtesy of Better Homes & Gardens Real Estate SJ Fowler. 480-649-3536

1208 W Colorado Ave, Colorado Springs
$580,000
9086576 MLS
Zoned Mixed-Use, this Single Family home, plus Additional Dwelling Unit provides a truly unique long-tem rental invesment opportunity. A restored 1890s home paired with fully equipped 600 sqft ADU—delivering built-in income, house-hacking potential, multi-unit flexibility, with newer mechanical/HVAC, turnkey livability and immediate revenue upside. The main home (rents for $1800-$2100/month), features 2 bedrooms, 2 baths, 1,097 sq ft living space, plus additional ~300 sqft finished loft area—for added flex/utility. Natural light fills the main living area, flowing into a modern kitchen with coffered ceilings, stainless steel appliances, island seating, and 36-inch cabinetry. Each bedroom suite has private access to its own full bath, creates optimal layout flexibility for tenants, traveling professionals, or dual-occupancy. Primary bedroom has walk in closet, while the second bedroom includes a private exterior entrance—perfect for independent rental use or increased privacy. Dedicated laundry space enhances functionality, and newer paint, and windows show strong maintenance. Outdoor living includes wrap around back deck, mature trees, and fully fenced grass yards with sprinkler system for both the main home and ADU—ideal for tenant separation, pet-friendly leasing, or multi-unit privacy. The ADU at 1208 B Expands income potential (rents for $900 - $1200/month) and is a pristine 600 SF with 1 bedroom, 1 full bath, granite counters in kitchen with island bar dining, and second laundry plus lofted flex/storage space. Private yard, independent functionality—well-suited for traveling nurses, or multi-generational use. A concrete path connects both structures to a gated 2-car tandem traditional or RV parking area, supporting ease of access and tenant convenience. CSU utilities are tenant expense, not separately metered. Historic charm, modern updates, and dual-unit long term rental income potential—this property is a rare, ready-to-perform asset in a prime location.

1208 W Colorado Ave, Colorado Springs

Courtesy of Coldwell Banker Realty. 719-550-2500

2013 W Adams Street, Phoenix
$499,000
6 Beds ⋅ 3 Baths ⋅ 7085899 MLS
Fully occupied tri-plex with stable tenants and great cash flow located blocks from the state capitol and near downtown Phoenix. The property consists of three 2 bedroom, 1 bathroom units; 2 of the units have been remodeled. Other updates/upgrades include: new roof (2022), new backyard fencing, new water heater and new windows for unit 2015; new electrical panel for unit 2013. The 3 units are located on a spacious 14,000 square foot lot with a gated yard for each unit. Tenants pay for electric; owner pays for water and trash. Property is a corner lot located near the state capitol with easy access to both I-10 and I-17. Come check out this great, cenrally located, income producing property!

2013 W Adams Street, Phoenix

Courtesy of HomeSmart. 602-230-7600

115 Sugarloaf Street Unit 1-4, Sedona
$699,000
8 Beds ⋅ 60 Baths ⋅ 7085695 MLS
Enjoy red rock views from this pair of fourplexes (115 and 125), within walking distance of restaurants, grocery stores, and hiking trails. The properties are offered separately at $699,000 each or together at $1,398,000, and they suit a range of investment strategies: fix-and-flip, short-term rental, or long-term rental. Both buildings have stayed consistently occupied with an excellent rental history, and the cap rate is approximately 7%. Each fourplex has four 2-bedroom, 2-bath units, generously sized bedrooms and closets, and parking out front. Flooring is terracotta tile/carpet/linoleum. Views can be enjoyed from spots throughout the property. Parcels: 405-27-417 and 405-27-418

115 Sugarloaf Street Unit 1-4, Sedona

Courtesy of Best Flagstaff Homes Realty. 928-714-0001

125 Sugarloaf Street Unit 5-8, Sedona
$699,000
8 Beds ⋅ 60 Baths ⋅ 7085694 MLS
Enjoy red rock views from this pair of fourplexes (115 and 125), within walking distance of restaurants, grocery stores, and hiking trails. The properties are offered separately at $699,000 each or together at $1,398,000, and they suit a range of investment strategies: fix-and-flip, short-term rental, or long-term rental. Both buildings have stayed consistently occupied with an excellent rental history, and the cap rate is approximately 7%. Each fourplex has four 2-bedroom, 2-bath units, generously sized bedrooms and closets, and parking out front. Flooring is terracotta tile/carpet/linoleum. Views can be enjoyed from spots throughout the property. Parcels: 405-27-417 and 405-27-418

125 Sugarloaf Street Unit 5-8, Sedona

Courtesy of Best Flagstaff Homes Realty. 928-714-0001

12124 Oregon Wagon Trl, Elbert
$1,395,000
3820841 MLS
Enjoy Colorado Living! With stunning views of Pikes Peak through the floor to ceiling windows in the great room, main level primary suite, expansive almost 1000 SF custom deck, this is a Colorado retreat exuding peaceful serenity away from the hustle and bustle of the city, but just minutes from all of the benefits of our gorgeous city at the base of America's Mountain. It is so much more than a bigger house with more land in a good school district. When you walk in the front door from the expansive covered front porch, the extended rock fireplace will catch your eye as you are drawn into the heart of the home. The kitchen has plenty of cabinets, granite counters, and take note of the double ovens, and gas cooktop with downdraft to keep your new kitchen fresh. Folks will want to hang out and fellowship at the breakfast bar or custom kitchen table area while you are preparing delicious eats. The laundry/mudroom area is next to the walk in pantry. The primary bedroom with custom wood vaulted ceiling includes more Peak views on the west side of the house. Through its barn doors is your private bath with double sinks, walk in closet, heated floor and huge spa shower room with 4 shower heads. Heading up the curved staircase, you'll first see the cozy loft area. There is a large ensuite bed/bath w/ sitting area that could be used as a home office with amazing views. When heading downstairs to the recreation room, you'll notice 2 more bedrooms, another full bath, and a separate area that could be used for an office or crafting space. The theater room boasts surround sound, and includes the projector, movie equipment and tuner. The newer 1800 SF, rented guest house/ADU is uniquely situated to provide an additional living space (or income) with 2 more bedrooms and 2 1/2 baths, dining area and LR, full kitchen with attached oversized 4 car garage. See the workshop and 4 more garages to house your business materials/shop, equipment, collectable cars or bikes, ATVs or boats.

12124 Oregon Wagon Trl, Elbert

Courtesy of Your Castle Real Estate LLC.

6801 E Earll Drive, Scottsdale
$1,000,000
8 Beds ⋅ 4 Baths ⋅ 7085378 MLS
4-unit garden-style apartment property approx. 1 mile from Old Town Scottsdale's restaurants, galleries, nightlife and boutique shopping. Built in 1959 and rebuilt in 2006 with electrical and plumbing brought up to code, the single-story building sits on a 0.19-acre lot with a uniform mix of (4) 2-bed/1-bath units averaging 675 SF. Units are individually metered for water and electricity. True value-add opportunity: current rents average $1,250/unit and can be pushed toward market (proforma $1,695) through interior/exterior renovations and adding in-unit washers/dryers. Minutes from Scottsdale Stadium, Fashion Square, the Waterfront, Indian Bend Wash Greenbelt, Papago Park and Camelback Mountain, with easy access to ASU SkySong, ASU Tempe and Sky Harbor.

6801 E Earll Drive, Scottsdale

Courtesy of ABI Multifamily. 602-714-1400

7478 Campstool Dr, Colorado Springs
$500,000
8384785 MLS
***Amazing Investor Opportunity*** This tenant-occupied, four-bedroom, three-bathroom home offers immediate rental income with more than two years remaining on the current lease. The functional main-level layout includes a foyer, front bedroom, full bathroom, laundry room, primary suite, and open-concept living, dining, and kitchen areas. The kitchen features a breakfast bar and pantry, while the primary suite offers dual vanities, a soaking tub/shower, and a spacious walk-in closet. Newer luxury vinyl plank and slate flooring enhance the main level. The finished basement includes a large recreation room with fireplace and egress windows, two additional bedrooms, and a full bathroom. Additional features include a three-car garage and a fully landscaped, fenced backyard with a patio, built-in firepit, grassy area, retaining wall, and raised garden beds. Take advantage of this opportunity to add a tenant-occupied property with a long-term lease already in place to your investment portfolio. Schedule your private showing today!

7478 Campstool Dr, Colorado Springs

Courtesy of The Cutting Edge. 719-999-5067

1923 E Yale Street, Phoenix
$585,000
5 Beds ⋅ 4 Baths ⋅ 7084803 MLS
Live in 1, let the back 2 pay your mortgage. Prime location right next to Phoenix Children's Hospital. Income-producing triplex offering 3 separate units on one property. The front residence is a standalone 3-bedroom, 1-bath home, while the rear building features 2 additional 1-bedroom, 1-bath units. The property offers a versatile configuration for investors seeking multiple rental units in a single location. Features include updated flooring, interior paint, landscaping, and air-conditioning systems. Conveniently located near Downtown with access to major freeways, providing connectivity to employment, dining, entertainment, shopping, and surrounding areas. A unique opportunity to own a three-unit property with a combination of a single-family residence and duplex configuration.

1923 E Yale Street, Phoenix

Courtesy of Real Broker. 480-442-9868

45 Chaparral Drive, Sedona
$1,800,000
8 Beds ⋅ 8 Baths ⋅ 7084583 MLS
Short Term Rental!!!! Exclusive Sedona Investment Opportunity -- a rare occupied 4-plex generating immediate cash flow and ideal for 1031 exchange investors. This 2023-built property sits directly on the Oak Creek Country Club Golf Course, offering a luxury, low-maintenance asset in one of Arizona's strongest short- and long-term rental markets. Each of the four spacious units features premium vinyl plank flooring, quartz countertops, stainless appliances, and tiled glass-enclosed showers. Tenants enjoy world-class dining, shopping, golf, hiking, and biking just minutes away, surrounded by Sedona's famous Red Rock views. Secure a stable, appreciating income property in the heart of Sedona--a premier destination where lifestyle and investment returns align.

45 Chaparral Drive, Sedona

Courtesy of Morgan Taylor Realty. 480-626-1555

1022 S Hunter Creek Drive, Payson
$1,550,000
11 Beds ⋅ 6 Baths ⋅ 7084246 MLS
RARE RIM COUNTRY OPPORTUNITY! Own the established Wooden Nickel Cabins in beautiful Christopher Creek! This unique property features multiple remodeled and furnished cabins nestled among towering ponderosa pines adjacent to the Tonto National Forest. Continue the existing successful cabin-rental operation or create an extraordinary family compound, multi-generational retreat, private mountain getaway or group destination. The property's flexible configuration provides multiple private living spaces while maintaining the charm and character of a classic Arizona cabin retreat. Conveniently located near hiking, fishing, lakes, mountain biking, hunting and the spectacular Mogollon Rim. An exceptional opportunity to combine business, investment and lifestyle in one of Arizona's most sought- after mountain recreation areas. Fully updated with new roofs, new parking lot asphalt, interiors, furnishing and remote access for all the cabins which means you can manage this from afar or you can live onsite expand your revenue with many more options! Business and real estate offered together, website & name; buyer to verify all zoning, licensing, permitted uses and property information. NDA required for very well-kept financials!

1022 S Hunter Creek Drive, Payson

Courtesy of Opportunity 2 Own Real Estate. 602-320-1347

1201 E Griswold Road, Phoenix
$675,000
7 Beds ⋅ 4 Baths ⋅ 7084198 MLS
TWO HOMES ON ONE PROPERTY - GREAT INCOME-PRODUCING OPPORTUNITY! Discover the possibilities this unique property has to offer! Featuring two homes on one lot, this property is ideal for multi-generational living, an owner-occupant looking for additional rental income, or an investor seeking an income-producing opportunity. The main home features 3 bedrooms and 1.75 bathrooms, along with a recently remodeled kitchen featuring quartz countertops, stainless steel appliances; refrigerator, washer and dryer are included, adding extra convenience. At the base of Phoenix Mountain Preserve for active outdoor living hiking/biking and close to SR51 freeway, 10 miles from downtown and 15 miles from the airport makes this ideal location for recreation and commute The permitted back house offers 3 bedrooms and 2 full bathrooms, providing a comfortable and functional second living space. Live in one and rent the other, accommodate extended family, or explore the many possibilities this versatile property has to offer. Enjoy a low-maintenance backyard and a storage shed for additional storage. The property is serviced by one electric meter and one water meter. With a total of 6 bedrooms and 3.75 bathrooms between both homes, this is a unique opportunity with flexibility, functionality, and excellent income-producing potential. Two homes, one property, and so many possibilities!

1201 E Griswold Road, Phoenix

Courtesy of HomeSmart. 602-230-7600

120 S Lebaron -- Unit 1, Mesa
$439,900
4 Beds ⋅ 3 Baths ⋅ 7084014 MLS
Two on LeBaron is a charming and highly desirable duplex opportunity featuring two unique, spacious units, each offering its own private backyard and in-unit washer and dryer. The front residence is a very large 3-bedroom, 1-bathroom home with an inviting layout and generous living space. The oversized floor plan provides excellent functionality for a family or long-term tenant seeking more room than a typical duplex unit. The rear residence is a large, open-concept studio with a cozy fireplace, creating a warm and distinctive living environment. Its spacious design offers flexibility and a character that sets it apart from traditional studio units. The front residence is a very large 3-bedroom, 1-bathroom home with an inviting layout and generous living space. The oversized floor plan provides excellent functionality for a family or long-term tenant seeking more room than a typical duplex unit. The rear residence is a large, open-concept studio with a cozy fireplace, creating a warm and distinctive living environment. Its spacious design offers flexibility and a character that sets it apart from traditional studio units. Property Highlights Duplex | 2 separate residences Front Unit: Very large 3-bedroom / 1.5-bathroom $1,750 currently rented Rear Unit: Spacious open-concept studio with fireplace $1,000 currently rented Private backyard for each unit Washer & dryer in each unit Unique layouts with strong tenant appeal Excellent opportunity for an owner-occupant or investor Potential for strong rental demand and income diversification Separately usable outdoor spaces enhance privacy and livability Investment Opportunity Two on LeBaron offers investors the opportunity to own a well-positioned, income-producing duplex with two distinctly appealing residences. The combination of a large 3-bedroom home and a spacious studio creates a diversified rental profile, while the private yards and in-unit laundry provide amenities that are highly desirable to today's tenants. The property also presents an attractive house-hacking opportunity, allowing an owner to live in one unit while generating rental income from the other. With its combination of space, privacy, character, and functional amenities, Two on LeBaron is an excellent opportunity for investors seeking a smaller multifamily asset with multiple potential strategies for maximizing value and long-term returns.

120 S Lebaron -- Unit 1, Mesa

Courtesy of Incyte Realty, LLC. 480-409-9900

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.


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