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4132 N 3rd Avenue, 
Phoenix, AZ 85013

$1,550,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

David R Pullon

Shay Noonan

Real Broker

480-442-9868

Last updated:

February 14, 2026, 04:09 PM

MLS#

6975915

Source:

ARMLS

About This Home

4132 N 3rd Avenue

Turnkey four-unit multifamily investment in the heart of Phoenix, positioned at Indian School Road and Central Avenue in highly sought-after Midtown. This rare opportunity consists of two separate duplex buildings with two legal addresses and two APNs, totaling four fully furnished 2-bedroom, 1-bath units. The property must be sold together and operates as a cohesive fourplex-style investment with a shared private interior courtyard.Each unit has been extensively remodeled and is currently operated as a mid-term rental, catering to traveling professionals and medical tenants on three-month leases. The location is ideal for this demand profile, just minutes from St. Joseph's Hospital, Phoenix Children's Hospital, Downtown Phoenix, major employment hubs, and quick access to the 51 and I-10 freeways. Phoenix Sky Harbor International Airport is also nearby, enhancing appeal for short-term and furnished rental use.All four units are fully furnished and include in-unit washer and dryers, wood-look tile flooring, updated kitchens with shaker cabinetry, granite countertops, and stainless-steel appliances. Each unit is individually metered and features newer Low-E windows, updated doors, and newer water heaters, supporting efficient long-term ownership. Built in 1950, the property has been significantly modernized while retaining its solid multifamily footprint.Zoned R4, the property allows for continued medium-term rental use, short-term/Airbnb operation, or a hybrid strategy. There is no HOA, and the asset is truly turnkey. For investors seeking upside, the shared courtyard presents a compelling value-add opportunity, including the potential to create a resort-style community amenity such as a pool or enhanced outdoor gathering space, subject to buyer verification.This property is best suited for a cash buyer or 1031 exchange investor seeking a stabilized, income-producing multifamily asset in a high-demand central Phoenix corridor, great return with conventional financing as well. A house-hacker scenario also works well, allowing an owner-occupant to live in one unit while offsetting expenses with the remaining rentals. A rare chance to acquire a remodeled, furnished, four-unit property in Midtown Phoenix with flexible rental strategies, strong tenant demand, and long-term growth potential.

Home Facts

Multi-Family

Built in 1950

Price Summary

1,550,000

MLS #:

6975915

Last Updated:

February 14, 2026, 04:09 PM


Structure

Structure

Year Built:

1950


Finances & Disclosures

Finances

Price:

$1,550,000

Source:ARMLS
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.