1321 N 48th Place, Phoenix, AZ 85008

Phoenix
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
1321 N 48th Place,Phoenix, AZ 85008
$899,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: monica coker
Office: homesmart
MLS#:6988566
Source:ARMLS

Price summary

  • Price:$899,000

About this home

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.

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Home facts

  • Year built:1960
  • Subdivision & Development:PALOMINO ESTATES
  • Listing ID #:6988566
  • Updated:October 20, 2026 at 03:09 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Flooring:Ceramic Tile

Heating and cooling

  • Cooling:Ceiling Fan(s), Electric, Heat Pump
  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Year built:1960
  • Construction Materials:Block, Painted

Schools

  • High school:Buckeye Union High School
  • Middle school:Pat Tillman Middle School
  • Elementary school:Brunson-Lee Elementary School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$899,000
  • Tax amount:$1,184 (2025)

Parking

  • Total parking spaces:5
  • Parking description:More Than 1 Parking Space/Unit
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