1313 N 48TH Street, Phoenix, AZ 85008

$1,399,000

Property Type: Multiple Dwellings Status: Active

Current Price: $1,399,000 Last Modified: 6/12/2026

Overview

Description

Prime multifamily investment opportunity Beautiful! well maintained and unique 4-unit + the big storage could be converted as a studio. This 4plex features a welcoming gazebo in the front yard to entertain guests, 3 units 2bed/2bath, 1 unit 2bed/1bath, Roof replace in 2024, and new AC in 2 units. Each unit has its own private patio as well as coin laundry room, build-in Bar-b cue, sparkling pool. Fully occupied by long term tenants (please don't disturb). Property is perfectly situated in Phoenix with convenient access to major freeways, super market, restaurants, and across from elementary school. Buyers and Buyer's agent to verify all facts and figures.

Listing Details MLS# 7041284

Location, Tax & Legal

House Number: 1313
Compass: N
Street Name: 48TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 5867
Country: US
County Code: Maricopa
Subdivision: PALOMINO ESTATES
Assessor Number: 125-13-085-B
Tax Year: 2025
Assessor's Map #: 13
Legal Description (Abbrev): LOT 41 PALOMINO ESTATES MCR 008323
Assessor's Parcel #: 85
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111202
Taxes: 2123
Legal: LOT 41 PALOMINO ESTATES MCR 008323
Marketing Name: Unknown

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 17,052
Year Built: 1964
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 3
Zoning: R-3
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 48th St & McDowell
Directions: Head East on McDowell, South on 48th St, to property.

Legal Info

Township: 1N
Range: 4E
Section: 5
Lot Number: 41

Showing Notification Methods

Showing Service: Aligned Showings

More Information

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1500
Avg SqFt: 800
# Baths: 2

Contact Info

List Agent Home Phn: 623-451-0744

Project Type

Four Plex: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Other: Yes

Floors

Tile: Yes
Vinyl: Yes
Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes
Pool Equipment: Yes
Laundry Equipment: Yes

Income & Expenses

Annual Elec Exp: 1500
Annual Gas Exp: 4200
Annual Landscape Exp: 0
Annual Wtr/Swr Exp: 12000
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 19823
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Total Monthly Rental Income: 6500

Pmt & Rate Info

Equity: 1399000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Pool: Yes
Barbecue: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes

Exterior Amenities

Landscape Water System: Yes
Fenced: Yes
Partially Fenced: Yes

Interior Features

Fire/Smoke Alarm(s): Yes
Mini Blinds: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Refrigerator: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Paved: Yes

Electric

SRP: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Electric: Yes
Gas: Yes
Pool Maintenance: Yes

New Financing

Cash: Yes
Conventional: Yes
1031 Exchange: Yes

Special

Accept Backups (CLO): Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Non Assumable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Other Floors: Tile; Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building; Pool Equipment; Laundry Equipment Community Features: Pool; Barbecue Exterior Amenities: Landscape Water System; Fenced; Partially Fenced Interior Features: Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Refrigerator; Washer/Dryer; W/D Hookup Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Paved Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: Water; Electric; Gas; Pool Maintenance Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Special: Accept Backups (CLO) Lockbox Type: None Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable New Financing: Cash; Conventional; 1031 Exchange Environmental: None

Listing Office: My Home Group Real Estate

Last Updated: June - 12 - 2026