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● For sale

$700,000

4701 N 23RD Drive, Phoenix, AZ 85015

NICELY PLACE · Maricopa County

Built 1985 No HOA

480 days on market

Description

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.

Property details

Interior

Bathrooms

Total Bathrooms: 0

Interior Features

Flooring: Ceramic Tile

Appliances

Free-Standing Range
Refrigerator

Heating and Cooling

Cooling Features: Central Air
Heating Features: Electric, Heat Pump

Exterior

Land Info

Lot Size Dimensions: 11,378

Garage and Parking

Attached Garage: No
Parking Features: 1 Space/Unit

Community

Neighborhood

Subdivision: NICELY PLACE

Listing

Other Property Info

Annual Tax Amount: $1,728
Source Listing Status: Active
County: Maricopa
Directions: Located north of Indian School Rd, south of Camelback Rd. From 23rd Ave, head west on Highland Ave. The property is on the northeast corner of 23rd Dr and Highland Ave.
Parcel Number: 154-03-008-A
Zoning: R-3
Postal City: Phoenix
Listing Date: 2/6/2025
On Market Date: 2/7/2025
MLS#: 6816622

Features

Building and Construction

Year Built: 1985
Property Age: 41
Construction Materials: Block, Painted, Stucco
Roof: Rolled/Hot Mop

Utilities

Water Source: City Franchise

Contact Us

Ask a question or schedule a showing

Listed by Edward D Caro RE/MAX Desert Showcase

Listing updated: February 6, 2026

MLS#: 6816622

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.