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Courtesy of HomeSmart, Monica Coker Listing Contact: 480-307-1815 
8 Beds
4 Baths

$899,000

1321 N 48TH Place, Phoenix AZ, 85008

Built in1960
Property typeMulti-family

Overview

Active

Listed Feb 24, 2026

Updated 4 weeks ago

This high-yield, well-maintained fourplex in Phoenix is perfectly situated in a quiet cul-de-sac, just south of McDowell & 48th St. Featuring four 2-bedroom, 1-bathroom units, this turnkey property boasts durable block construction and ceramic tile flooring, along with several recent updates. With convenient access to major freeways, supermarket, stores, and located just across from elementary school, these units are highly desirable and in great demand. 4 UNITS FULLY OCCUPIED; Units 1 and 2 have just been remodeled/upgraded. Units 3 and 4 have long-term tenants. Roofing replaced in 2017. All water heaters are newer (2021-2025). Each unit has its own private patio as well as washer/dryer hook-ups. Separate storage room outside unit 4. Amazing 6.4% CAP.

$5,981/mo

Est. mortgage payment based on a $899,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
6988566

Interior Features

Bedrooms
8
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$1,184
Tax Frequency
Annually

Courtesy of HomeSmart, Monica Coker

Listing Contact: 480-307-1815 

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Data Last Updated: 3:15 AM UTC, 9/7/2026.

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