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● For sale

$999,999

3422 N 12TH Place, Phoenix, AZ 85014

STEPHENSON SUBDIVISION · Maricopa County

Built 1983 No HOA

33 days on market

Description

Huge opportunity to own a 4-plex investment property in a prime location! Situated in the rapidly growing and highly desirable central Phoenix area near the Downtown, Midtown, and Encanto Corridors, this is an exceptional opportunity for long-term wealth creation and strong rental demand. With no HOA fees, operating costs stay lower and returns stronger. The property features four well-maintained units, each offering 974 sq ft with 2 bedrooms and 2 bathrooms. One unit has been recently remodeled, with another currently undergoing renovations. Two units are currently leased below market rents, while two units are vacant during the remodel process, creating immediate upside potential. Strong value-add opportunity with projected rents of $1,450-$1,700 per month based on nearby comparable properties. Centrally located property just minutes from downtown phoenix with convenient freeway access and strong rental potential. Situated in an established neighborhood with a mix of resident and investment properties.

Property details

Interior

Bathrooms

Total Bathrooms: 0

Interior Features

Flooring: Ceramic Tile

Appliances

Built-In Range
Free-Standing Range
Refrigerator
Dishwasher
Microwave
Washer/Dryer
W/D Hookup

Heating and Cooling

Cooling Features: Central Air, Electric, Varies by Unit
Heating Features: Electric, Varies by Unit, Central

Exterior

Land Info

Lot Size Dimensions: 60 x 126.8

Garage and Parking

Attached Garage: No
Parking Features: Paved, Carport

Community

Neighborhood

Subdivision: STEPHENSON SUBDIVISION

Listing

Other Property Info

Annual Tax Amount: $3,188
Source Listing Status: Active
County: Maricopa
Directions: Head east on E Osborn Rd toward N 9th Pl. Turn left onto N 12th Pl. Turn left. Turn left. Destination will be on the left.
Parcel Number: 118-08-137
Zoning: R-4
Postal City: Phoenix
Listing Date: 4/29/2026
MLS#: 7020709

Features

Building and Construction

Year Built: 1983
Property Age: 43
Construction Materials: Wood Frame, Stucco
Roof: Built-Up

Utilities

Sewer: Sewer-In & Connected
Water Source: Master Meter, City Franchise

Contact Us

Ask a question or schedule a showing

Listed by Sarah Triana& Brandon Howe Howe Realty

Listing updated: May 4, 2026

MLS#: 7020709

Data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.