3350 E. Pinchot Ave Phoenix, AZ 85018
Land and Lots | $250,000

Sold 5-2018

Description
Just under 15,000 SF (14,987 total) jumbo sized lot in desirable Central Phoenix locale. Corner lot. In the path of redevelopment with significant new construction on the same block and high-end projects in process in the immediate area.

917 E. Granada Rd Phoenix, AZ
3 Units | Built 1927 | $450,000 
SOLD 6-2017


Description
Hard to find triplex in the Coronado Historic District that is surrounded by single-family homes. Property consists of a 1159 sf single-family home in front of lot w/ 3 bedrooms and 2 full bathrooms. Behind the single-family home are two cottages. Gorgeous pool (up to 7 feet deep). Big lot. 4+ car parking w/driveway and RV gate in back offers more potential parking. R3 zoning. Complete remodel in 2006 by long-term owner; including in the single-family home granite counter tops, travertine shower, jacuzzi tub, cherry cabinets, SS appl's, crown moulding; and in the cottages all tile kitchen/baths, faux wood flooring, and more! Separate gas/electric. Three separate HVAC units. Newer water heaters. All vinyl windows.

1418 S. Stanley Pl. Tempe, AZ 85281
4 Units | Built 1973 | $367,000

SOLD 12-2017

Description
Solid 4 plex with all 1 bedroom units that are around 600 SF/each. All new HVAC units April 2017. One unit remodeled in 2016. R4 zoning with 7500 SF lot. Direct path of redevelopment with substantial new construction. surrounding the property. Built in 1973. 6 car parking.

1750 E. Oak St. Phoenix, AZ 85006
4 Units | Built 1983 | $210,000

SOLD 2-2018

Description
Central Phoenix 1 story 4plex with low maintenance metal roof, stucco exterior, and tile floors. Ample parking with fencing around perimeter of the property and security doors with individual unit entrances.

260 W. 8th Ave #26 Mesa, AZ 85210
4 Units | Built 1985 | $235,000

SOLD 10-2017


Description
Well-maintained 4plex in Amberwood Manor in Central Mesa. Near Main St & Country Club light rail station. Desirable unit mix of all two bedroom units that are about 812 SF/unit. Built in 1985. RM-3 zoning.

2249 W. Vista Ave Phoenix, AZ 85021
4 Units | Built 1973 | $240,000 

SOLD 5-2017

Description
New 4-plex listing in North Central Phoenix in a residential neighborhood offered at $60,000/unit, well-below the average price/unit in the Phoenix MSA. This block construction building was built in 1973 and has a desirable all 2 bedroom unit mix (each unit is approximately 710 SF). Very attractive 7.1 CAP with an 8+ CAP proforma, as rents are below market (.74/SF). 
North Central Phoenix location near 23rd Avenue and Orangewood Ave. in a residential neighborhood. 1 block north of Orangewood and several blocks south of Northern Ave. Nearest Light Rail Station is at 19th Ave/Northern, less than 1 mile from the property.

Maryland West Apartments | 4530 W. McLellan Road, Glendale AZ 85301

100 Units (1 is rental office) | $5,900,000

SOLD 12/28/16 - Cass Stephens

3817 N. 23rd Dr. Phoenix, AZ 85015
3 Units | Built 1980 | $193,000

SOLD 1-2018

Description
Solid Central Phoenix Triplex. Big 800+ SF two bedroom units with 2 full bathrooms. Additional amenities include private yards, covered parking, all tile interiors, central air, and more.  

Longview Apartments | 4329 N Longview Ave, Phoenix, AZ 85014
12 Units $600,000 | SOLD 2/01/17 | Multi Family Real Estate

Description

Maryland West Apartments is an apartment community located at 4530 W. McLellan in Glendale, AZ within a few miles of historic Downtown Glendale, Grand Canyon University, and the 1-17 corridor.

Maryland West Apartments is situated on 4.4 acres over 15 buildings with 100 total units. The complex was constructed in 1970. There are 64 (2 bedroom units); 26 (3 bedroom units); and 10 (1 bedroom units). Maryland West is considered a class “C” multi-family community and is located across the street from Barcelona Middle school, a block north of Maryland Avenue in the West Valley (Glendale).

6725 W. Palmaire Ave Glendale, AZ 85303
4 Units | Built 1974 | $207,000

SOLD 12-2017

Description
4 unit building near Downtown Glendale and University of Phoenix stadium. 

11350 W Tennessee Ave Youngtown, AZ 85363
4 Units | Built 1986 | $258,000

Sold 7-2018

Description
 Near Banner Hospital (Boswell Campus) with many owner-occupant homes adjacent . 3 of the 4 units were extensively remodeled a few year ago with new cabinets, granite counter tops, sinks, fixtures, lighting, ceiling fans, painting, and bathroom updates!  Surface parking. 2 story building with 2 units on each floor

1440 E Knoll Cir Mesa, AZ 85203
4 Units | Built 1983 | $471,000

Sold 8-2018

Description

Buyer Agent. Upscale 4plex large Townhouse style units 2B/1.5B

Nice sized private backyards and storage units with washer and dryer hook-ups.

1333 W. 5th St. Tempe, AZ 85281
4 Units | Built 1970 | $420,500

​SOLD 7-2017


Description
High-demand Tempe area near ASU. Attractive 4plex. Desirable and hard to find all 2 bedroom unit mix. Many upgrades to the property over the last few years. Individually metered with C/A units. Low maintenance interiors with all tile floors, some remodeled kitchens and baths. Exterior is also low maintenance desert landscaping with a carport for resident parking. Over a 1/4 acre lot with R-3R zoning allows for room to build. 

6742 W. Palmaire Ave Glendale, AZ 85303
4 Units | Built 1978 | $225,000

​SOLD 12-2017

 Description
4 unit building near Downtown Glendale and University of Phoenix stadium.

1734 E. Jefferson St. Phoenix, AZ 85034
4 Units | Built 1931 | $199,000 

​SOLD 10-2017

 Description
4 unit East Downtown multi-family with C-3 commercial zoning that abuts the light rail line. The investment opportunity includes an adobe style duplex in front that is 1066 SF (two 1 bedroom units) combined with two attached single family houses (each 1 bedroom & around 539 SF) in the rear of the lot. Lot size is 6963 SF. Value-add opportunity as the property needs work and has below market rents ($425/unit). 

​​Cass Stephens - Platinum Living Realty

Commercial Multifamily & 

Investment Specialist

Multifamily for sale, multifamily real estate

2115 - 2139 W. Devonshire Ave Phoenix, AZ 85015
16 Unit Assemblage | Built 1963 |  $1,000,000

SOLD 3-2018

Description

Central Phoenix location in prime rental area.  Desirable Unit Mix-All 2 bed/1 ba units @ 708 SF. 4 Separate bldgs @ 2115, 2123, 2131, 2139. Well-maintained complex. Strong 7+ CAP +/- projected for 2018. Huge 47,000+ SF lot w/ample yard area. Complex in floodplain. Fenced, secure yard. Carport Parking.

801 E Puget Ave Phoenix, AZ 85020
4 Units | Built 1964 | $208,000

SOLD  7-2017

Description
Solid 4 plex in North Phoenix that is offered for sale at around a 7 CAP. All 1 bedroom units that are about 450 SF/unit. Separately metered gas and electric. Several upgrades including new electrical panels, a new HVAC unit, plumbing and more. Nicely fenced yard. Common Laundry on site. Individual storage units. Across the street from Acacia Phoenix library. Built in 1964. Professionally managed. Hard to find a 4plex in Phoenix in the low $200's. 

21-23 N. Fraser E | 17-19 N. Fraser E | 9-11 N. Fraser E | 33-41 N. Horne Mesa, AZ 
12 Unit Assemblage | $1,000,000

SOLD 2-2018

Description
​Extremely well-maintained and upgraded 12 unit assemblage in the Fraser Fields Historic District in Downtown Mesa. Right off Main Street and under a 1/2 mile to the nearest light rail station, yet surrounded by well-kept single family owner-occupied homes. The properties include the following: (a) 21-23 N. Fraser E is a triplex with two large 1 bedroom units and a studio, situated on an attractive rounded corner. New roof and substantial other upgrades have been completed. TSF is 1507 on a 8688 SF lot. Built in 1945. (b) 17-19 N. Fraser E is adjacent (just south) and is a duplex with two large 2 bedroom units. 1800 TSF on a 9031 SF lot. Built in 1955. (c) 9-11 N. Fraser E is adjacent to the east and consists of two single-family homes, with 11 N. being a large 3 bedroom/2 bathroom home in the front of the lot and 9 N. being a 1 bedroom house in the rear of the lot. Over 2000 TSF on a 9031 SF lot. Built in 1945. (d) Just a few blocks away is 33-41 N. Horne, which is a five unit building with four large 1 bedroom units and a 2 bedroom unit.  Newer roof and HVAC units. 3668 TSF on a huge 15105 SF lot. Built in 1957.

1626 - 1630 W. Purdue Ave Phoenix, AZ 85021
6 Units | Built 1971/1974 | $305,000

SOLD 12-2017

Description
​​​Substantially renovated complex with two triplex buildings comprising of six total units. Sold as a package, with a shared water meter.  All large 1 bedroom units (546+/-SF). Several years ago the properties received new windows, AC/Heat Pumps, water heaters, total repaint, tile flooring, kitchen/bath upgrades, and more.

457 E Quail Ave Apache Junction, AZ 85119
4plex | Built 1983 |  $234,400

SOLD 2-2018

Description
Significantly upgraded 4plex with all 800+ SF 2 bedroom/1 bath units. Located just east of Mesa in fast-growing Apache Junction. Hard to find a building in good condition offering this attractive of a CAP rate in the Phoenix area. Ample parking.

6152 - 6160 E. Glencove Mesa, AZ 85205
6 Units $630,000 | SOLD 3/21/17 | Multi Family Properties

Sold for the highest price/unit in 85205 zip code in years!

2163 E. Howe Ave Tempe, AZ 85281
4 Units | Built 1985 | $430,000

SOLD 9-2017

Description
Tempe 4plex with large 2 bedroom/2 bathroom units. Built in 1985. Many upgrades over last several years. Close proximity to light rail, 202 and 101.

832 N. Revere Mesa, AZ 85201
4plex | Built 1983 |  $440,000

SOLD 2-2018

Description
Huge 4plex in a prime Mesa neighborhood with excellent rental growth. Unit mix of three large 2 bed/2 bath units and a huge 3 bed/2 bath with garage. Near Downtown Mesa, Tempe Marketplace, new Cubs spring training, light rail and more!