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
Price cut: $19.9K (1/1)
$700,000
4701 N 23rd Dr, Phoenix, AZ 85015
6beds
6baths
14,940sqft
Est.:
Multi Family
Built in 1985
-- sqft lot
$-- Zestimate®
$47/sqft
$-- HOA
What's special
- 389 days |
- 387 |
- 19 |
Zillow last checked: 8 hours ago
Listing updated: February 06, 2026 at 12:38pm
Listed by:
Edward D Caro 602-296-0100,
RE/MAX Desert Showcase
Source: ARMLS,MLS#: 6816622
Tour with a local agent
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: 389 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
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
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
BuyAbility℠ payment
Est. payment
$3,463/mo
Principal & interest
$3224
Property taxes
$239
Climate risks
Neighborhood: Alhambra
Nearby schools
GreatSchools rating
- 2/10Westwood Primary SchoolGrades: K-5Distance: 0.1 mi
- 5/10Choice Learning AcademyGrades: 6-8Distance: 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.
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