Excellent investment property in the heart of Central Phoenix! Located at 4701 N 23rd Dr, Phoenix AZ 85015, this well-maintained triplex features three 2-bedroom, 2-bath units (approx. 996 sq ft each), each individually metered so tenants pay their own utilities. Built in 1985, the property is turnkey and fully occupied with reliable long-term tenants, offering steady cash flow and low owner expenses. Situated near I-17, major employers, dining, and shopping, this multi-unit rental is zoned R-3 and positioned for continued growth in the desirable 85015 area. A smart choice for any investor seeking income potential in the Phoenix rental market.
For sale
$700,000
4701 N 23RD Drive, Phoenix, AZ 85015
6beds
6baths
14,940sqft
Multi Family
Built in 1985
-- sqft lot
$-- Zestimate®
$47/sqft
$-- HOA
What's special
- 519 days |
- 125 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Edward D Caro 602-296-0100,
RE/MAX Desert Showcase
Source: ARMLS,MLS#: 6816622
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Heat Pump, Electric
Cooling
- Central Air
Appliances
- Included: Free-Standing Range, Refrigerator
Features
- Flooring: Ceramic Tile
Interior area
- Total structure area: 14,940
- Total interior livable area: 14,940 sqft
Property
Parking
- Total spaces: 6
- Parking features: 1 Space/Unit
- Uncovered spaces: 6
Lot
- Size: 0.26 Acres
- Dimensions: 11,378
Details
- Parcel number: 15403008A
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Stucco, Block
Condition
- Year built: 1985
Utilities & green energy
- Electric: SRP
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: No Pool
- Subdivision: NICELY PLACE
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $47/sqft
- Tax assessed value: $599,300
- Annual tax amount: $1,728
- Date on market: 2/7/2025
- Cumulative days on market: 519 days
- Listing terms: No Carry,Conventional,VA Loan
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 1/1/2026 | Price change | $700,000-2.8%$47/sqft |
Source:  ARMLS #6816622 Report a problem | ||
| 10/7/2025 | Price change | $719,9000%$48/sqft |
Source: ARMLS #6816622 Report a problem | ||
| 9/18/2025 | Price change | $720,000+0%$48/sqft |
Source: ARMLS #6816622 Report a problem | ||
| 7/11/2025 | Price change | $719,9000%$48/sqft |
Source: ARMLS #6816622 Report a problem | ||
| 4/24/2025 | Price change | $720,000-4%$48/sqft |
Source: ARMLS #6816622 Report a problem | ||
| 4/2/2025 | Price change | $749,9000%$50/sqft |
Source: ARMLS #6816622 Report a problem | ||
| 2/7/2025 | Listed for sale | $750,000$50/sqft |
Source: ARMLS #6816622 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,902 +10.1% | $59,930 +2.7% |
| 2024 | $1,728 -0.5% | $58,380 +434.9% |
| 2023 | $1,737 +1.6% | $10,914 -63.7% |
| 2022 | $1,710 +3.1% | $30,060 +15.5% |
| 2021 | $1,659 +1.2% | $26,030 +12.9% |
| 2020 | $1,639 +8.3% | $23,060 +18.4% |
| 2019 | $1,513 | $19,470 +16.5% |
| 2018 | $1,513 +1.3% | $16,710 +12.3% |
| 2017 | $1,494 +10.3% | $14,880 +14.3% |
| 2016 | $1,354 -4.9% | $13,020 +20.3% |
| 2015 | $1,424 | $10,820 +10.6% |
| 2014 | -- | $9,780 +59.8% |
| 2013 | -- | $6,120 -16.5% |
| 2012 | -- | $7,330 -19.2% |
| 2011 | -- | $9,070 -36.9% |
| 2010 | -- | $14,370 -42.7% |
| 2009 | -- | $25,070 +3% |
| 2008 | -- | $24,330 -5% |
| 2007 | -- | $25,600 +84.2% |
| 2006 | -- | $13,900 |
| 2005 | -- | $13,900 +24.5% |
| 2004 | -- | $11,162 |
| 2003 | -- | $11,162 +20.7% |
| 2002 | -- | $9,250 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Alhambra
Nearby schools
GreatSchools rating
- 2/10Westwood Primary SchoolGrades: K-5Distance: 0.1 mi
- 5/10Choice Learning AcademyGrades: 4-8Distance: 0.6 mi
- 3/10Central High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Westwood Elementary School
- Middle: Alhambra Traditional School
- High: Alhambra High School
- District: Alhambra Elementary District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $308,5002 bd1 ba835 sqft4707 N 23rd Dr, Phoenix, AZ 85015Off Market
- $240,8002 bd1 ba750 sqft4711 N 23rd Dr, Phoenix, AZ 85015Off Market
- $344,300-- bd-- ba1.6k sqft4704 N 23rd Ave, Phoenix, AZ 85015Off Market
- $270,700-- bd1 ba1k sqft4708 N 23rd Ave, Phoenix, AZ 85015Off Market
- $197,400-- bd1 ba1.2k sqft4648 N 23rd Ave, Phoenix, AZ 85015Off Market
- $329,9993 bd2 ba1.2k sqft4714 N 23rd Ave, Phoenix, AZ 85015For Sale
- $302,0003 bd2 ba900 sqft4717 N 23rd Dr, Phoenix, AZ 85015Off Market
- $349,6003 bd2 ba1.3k sqft4718 N 23rd Ave, Phoenix, AZ 85015Off Market
A local agent can set up tours, give advice and negotiate with sellers.
- Arizona
- Maricopa County
- Phoenix
- 85015
- Alhambra
- 4701 N 23RD Drive
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Phoenix Topics
