1019 E. Tempe Dr | Tempe, AZ 85251
6 Units | $770,000 | 1955

Sold 3-2020


Highly Sought After North Tempe Location near ASU & Old Town
6 units-All 1 bedroom units that are 448 SF. 100% occupied, most units on month-to-month 4 of the 6 unit substantially renovated. All new electrical system just completed. 4 of the 6 units have newer HVAC units. Excellent Value-add. Tenants pay electric, owner w/s, gas

2115 W. Glenrosa Ave  Phoenix, AZ 85015
4024 N. 23rd Ave Phoenix, AZ 85015
2 Triplex Buildings | $400,000

Sold 5-2019

This offering includes two triplex buildings that are to be sold together. The two separate buildings are located about a 1/2 mile from each other. Addresses are 2115 W. All units are large 2 bedroom/1 bath units on one level. Solid value-add opportunity. Amenities include ample parking (including a carport on the 23rd Ave); fully fenced lots with tree-lined courtyards; refrigerators/stoves with all units; additional semi-private backyards for most units; and more. Convenient location just east of the I-17, within a few miles of Grand Canyon University and LRT; and close to many areas of Central and Uptown Phoenix.

6152 - 6160 E. Glencove Mesa, AZ 85205
6 Units | SOLD 3-2017 | $630,000


​Highly desirable Northeast Mesa location. Large 3 bedroom, 2 full bath units @ 1078 sf. Five of six units have had interior updates. New sun shades & mailbox. All separately metered. Fenced yards face
own-occ. homes. Carport. Rare opportunity to buy two twin 3 unit buildings-6 total units sold as a package only. Well managed/maintained.

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

SOLD 1-2018

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.  

 4329 N. Longview Ave, Phoenix, AZ 85014
12 Units | SOLD 2-2017 | $600,000


​Central Phoenix location in the path of redevelopment. Value-add opportunity. Owner has completed cosmetic upgrades to 10 of the 12 units in 2016. Almost all new window a/c's and duct work for the coolers. Rents are below market. Property consists of four separate structures on just over a 1/2 lot.


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

4 unit building near Downtown Glendale and University of Phoenix stadium. Desirable unit mix of all 2 bedroom units that are just under 800 SF/unit with one bathroom. Excellent cash flow now with below market rents. In the last several years there have been kitchen and tile upgrades along with other improvements to the building. Nicely fenced yard. 

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

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

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.

1223 E. Spence Ave Tempe, AZ 85281
SF Investment | Built 1956 | $250,000

Sold 5-2019

Spence is a corner lot with 8988 SF per assessor and a 1,477 SF +/- single-family house with 3 bedrooms and 2+ bathrooms. Zoned R-4. The house is tenant occupied on a month-to-month lease at $850/month rent. Long-term tenant. Needs repairs and upgrading. Directly south and adjacent is a 7500 SF lot per assessor with a triplex, R-4 zoning. Near ASU and LRT with substantial new construction in the immediate neighborhood.

922 W. Vogel Ave Phoenix, AZ 85021
3 Units | Built 1954 | $191,000
SOLD 1-2019

Buyer Agent Rep. Triplex: 1 two bed/1 ba & 2 one bed/1 ba 
Below market rents: $425/month 1 bed unit $600/month 2 bedroom unit Lot size 10,362 Sq Ft. High 6 CAP +/-

1701 W. Vogel Ave | Phoenix, AZ 85021
8 Units | $615,000 | 1964

Sold 7-2020


8 big one bedroom/bath units (525 SF) w/walk-in closets. Individually metered for electricity with HVAC units. Attractive corner lot.  Long-term owner, self-managed. Value-add opportunity.
Avg. rent per owner is $500/unit. Tenant pays for electric. Set term leases. Some upgrades completed recently. Complex needs some upgrading to capture market rents. 

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

Sold 7-2018

 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

​​Cass Stephens - S.J. Fowler ReAL ESTATE INVESTMENT

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

Sold 5-2018

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.

127 W. Highland Ave, 178-190 W. Coolidge St Phoenix, AZ 85013
Uptown Phoenix Assemblage | $980,000.00

SOLD 9-2018

127 W. Highland Ave  Rare 4400+ SF building w/ a huge 5 BR/ 4BA main unit and two large 1 BR's; 178 W. Coolidge 3 buildings w/ two 2 BR houses & a 1/1 BR duplex; 190 W. Coolidge Vacant, cleared lot w/ R5 high-density zoning. Highly-sought after Uptown Phoenix location off Central/Camelback in Pierson Place.

3231 W. Madison St Phoenix, AZ 85009
4 Units | $252,000 | 1985
Sold 5-2020


$252,000 or $63,000 a unit. All 2 br units built in 1985.
Sold for $100/SF. Swamp Coolers, leak issues.
Extensive renovation required to code. 100% occupied at time of closing.
Rents very low at $385/$385/$385/$405; all month-to-month leases.

2418-20 W. Madison, Phoenix, AZ, 85009
Duplex | $165,000 | 1965​
Sold 12 -2020

Budget priced duplex that has been in the same family for many years. Both units are 2 bed/1 bath with 715 SF (Total SF 1,430 +/-). Rents are well below market on month-to-month leases. One AC unit is new, the other has a new compressor per owner.

Commercial Multifamily & 

Investment Specialist

Multifamily for sale, multifamily real estate

9835 N. 16th St Phoenix, AZ 85020
Duplex | Built 1957 | $275,000

Sold 4-2019


Unique Panoramic Mountain Views! Rare opportunity to acquire a highly polished duplex in Ocotillo Hills in N. PHX. Duplex 1 - one bed & 1 - two bed Highly polished property. Separate gas/electric utilities w/ 1 water meter. Significantly upgraded recently: Upgrades include a new roof, two new HVAC gas packs, new double-pane windows, new kitchen in 2 br. & much more! 
Could be fantastic Air BnB, long-term rental, or owner in 1 unit/rent the other. 

6262 E. Glencove Circle Mesa, AZ 85205
4plex | Built 1986 | $559,000

Sold 7-2019


Huge 1040 SF+/- Townhouse style units with 2 bedrooms & 2 full bathrooms. Total building size is 4162 SF+/-. Coveted units w/ many amenities in a quiet cul-de-sac. Nicely upgraded, low maintenance.  Highly-stabilized building that offers tremendous rental upside. Top-notch location in Northeast Mesa off Recker/Brown. Prime rental area. Highly coveted 4plex neighborhood that commands some of the strongest rents/SF in Mesa. Rents are well-below market rates. Separate electric w/ HVAC units (one just replaced). 1 Water Meter. 4162 SF bldg. 10742 SF lot. Ample parking. Private yards.

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

SOLD 5-2017

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.

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

​SOLD 10-2017

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). 

241 N. 100th Way Mesa, AZ 85207
SF Investment Property | Built 1979 | $219,000

Sold 5-2019


4 bedroom/2 bath single-level that was extensively remodeled around 2014, including a gutted kitchen with granite and cherry cabinets around a double sink. Recent upgrades include a new HVAC and numerous cosmetics. Very open concept. Separate family room. Newer flooring, lighting, and more. Separate laundry room too. Big lot with an RV gate.

8 & 16 E. 6th Ave Mesa, AZ 85210
6 Units | Built 1960 | $431,000

Sold 4-2019

Side-by-side Mesa triplex (6 units) assemblage. 8 E. 16th has 2 two br.'s & 1 three br. 16 E.
16th all one br. units. 8th E. 6th Ave substantially renovated w/ a new roof, HVAC, storm doors, electrical, and more! 16 E. 6th more value-add. Near Downtown Mesa and light rail in high demand rental area. Rents all month-to-month. 

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

SOLD 10-2017


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.

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

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

SOLD 12-2016 - Cass Stephens

1865 N. Spring Mesa, AZ 85203
4plex | Built 1984 | $410,000
Sold 6-2019


Highest sold 4plex in years in the North Mesa Village area at $102,500/unit. Closed for $65,000 more than any other 4plex on Spring street per tax records. Traded at $118.22/sf & 7 CAP +/-. 

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

SOLD 2-2018

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.

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

SOLD 9-2017

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.

Buckeye 28 Unit Assemblage:
209 - 223 5th Ave E Buckeye, AZ 85326
212 - 218 4th Ave E Buckeye, AZ 85326
802 E. Monroe Ave Buckeye, AZ 85326
 28 Units | $2,400,000 | 1960
Just Sold 11-2020:  $2,150,000

28 Unit Assemblage Buckeye, AZ
Assemblage requires significant immediate upgrades. Heavy lifting necessary.
Seller Financing - $1,666,250 1st position 6% Interest-only with a 2yr term w/ balloon.
$76,786/unit or $141/SF.
Assemblage includes:
212 - 218 4th Ave E: 4 duplex's on 4 lots. All 2 br's/1 br's.- 8 total units.
209 - 223 5th Ave E: 6 duplex's on 6 lots. All 2 br's/1 br's - 12 total units.
802 E. Monroe: 8 units with 7 studios & one 1 bedroom (1/2 mile away).

Complicated Escrow with Wrap involved

Tough Sale - "remote location" & difficult to finance.
Told by numerous buyers/buyer agents that the assemblage was worth less than $2 mil.
On market for 11 weeks before escrow.
AZ based buyer & buyer agent.
Cali based seller who self managed.

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

​SOLD 7-2017

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. 

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

SOLD 12-2017

​​​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.

2831 E. Mobile Lane Phoenix, AZ 85040
 Triplex | $341,000 | 1985

Sold 2-2020


Two huge 3 bed/2 bath units, and a 2 bed/1 bath unit.
Highly appreciating South Phoenix area with many single family homes on same block.
Close to Downtown Phoenix, Tempe, the I-10, & more.  Significantly upgraded inside/out with HVAC units & separate electric. Ample surface parking. 

9928 E. Birchwood Mesa, AZ 85208
4 Units | $465,000 | 1988
Sold 10-2020

4-plex in east Mesa include 4 large units with 2 bedrooms and 2 baths. Full-size washer and dryer in units. Units are well maintained, and 100% tenant occupied.

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

​SOLD 12-2017

4 unit building near Downtown Glendale and University of Phoenix stadium. Desirable unit mix of all 2 bedroom units that are a shade under 800 SF/unit +/- with one bathroom. Excellent cash flow now with below market rents. Over last several years there have been kitchen and tile upgrades along with other improvements to the building. Nicely fenced yard.

2301 North 27th Street | Phoenix, AZ 85008
4plex | Built 1986 | $445,000
Listed & Sold in 16 days! 9-2019


Located in Central Phoenix in 85008 zip. All 774 SF +/- two bedroom, one bath units. $792 avg rent. All seller paid utilities.

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

​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.

1006 E. Polk St Phoenix, AZ 85006
7 Units | Built 1920 | $320,000
SOLD 1-2019

This 7 unit complex is in the heart of the Historic Garfield district. Just a few blocks to Downtown, Light Rail, and the ASU Downtown campus! Very strong rental area.  R5 zoned on a 7500 SF corner lot. Buyer responsible for obtaining 7 Certificates of Occupancy. Sold as-is, will require extensive upgrading.

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

SOLD 3-2018


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

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. 

104-108 S. 7th St. Buckeye, AZ 85326
6 Units | $325,000 | 1951

Sold 7-2020


​6 unit in the heart of Buckeye for $60,000/unit. Large 550 SF 1 bed/1 bath units spread out over three duplexes. Though there have been some upgrades, the property needs more renovation. Cash buyer preferred, offers considered. Two units are occupied at $640/$699 and in pretty good shape. The other four units are vacant and require renovation work.  Separate electric/gas that is tenant paid. 

3543 W. Grant St | Phoenix, AZ 85009
4 Units | $275,000 | 1946/1956

Sold 1-2020


One of the best priced 4 unit buildings on the market for this new listing west of Downtown Phoenix and just off the I-10. This property consists of two buildings. Building A has a 1 br/3 br, Building B has a 2 br/2br. Excellent unit mix with very high rental upside as rents are below market. Excellent value-add opportunity with a very deep rental base in a nicely gentrifying area of Phoenix.

260 W. 8th Ave Unit 26 | Mesa, AZ 85210
4 Units | $365,000 | 1985

Sold 1-2020


Solid 4 unit in the heart of Mesa with all 2 bedroom units. Over 800 SF/units with tenant paid individually metered electric. Nice value-add opportunity. One unit remodeled and a few other upgrades in the last few years. Located within the Amberwood Manor complex. Within walking distance to CC/Main light rail station.

10641 N 15th Ave Phoenix, AZ 85029
 Duplex | $274,000 | 1978

Sold 2-2020


Duplex in N. Phoenix.
Each unit is a large 2 Br/1 Ba with huge carport, laundry/storage room, rear patio/private yard.
Each unit is 1,146 sf in total. Large fenced front yard on corner lot w/ 9,419 sf.
Separate electric w/ 2 HVAC units, 1 newer.

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

SOLD 2-2018

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.

928 W. McDowell Rd Phoenix, AZ 85007
4 units | $639,000 | 1940

Sold 12-2020

4plex with all 2 bedroom/1bathroom units (677 SF each). Hard to find 4 unit in Midtown near LRT, on the edge of the Encanto Historic District. Loads of charm circa 1940 build with attractive brick, off-street surface parking, courtyard, and more. Upgrades in last five years include tile flooring, kitchen cabinets, kitchen countertops, copper plumbing, glass block, & a few HVAC units. Partially fenced courtyard area & 1 parking spot/unit. Highest price ever for a 4 unit at time of sale in the 85007 area code next to Encanto per ARMLS! 

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

Sold 8-2018


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

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

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

SOLD 2-2018

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!