4323 N 13TH Place, Phoenix, AZ 85014

$1,650,000

Property Type: Multiple Dwellings Status: Active

Current Price: $1,650,000 Last Modified: 6/02/2026

Overview

Description

The Chadley at Madison Park is a 5-unit multifamily community originally built in 1958 and comprehensively renovated in 2026.Interior upgrades include updated electrical panels, new plumbing, full cosmetic renovations, and new in-unit washers and dryers. Exterior improvements include a new roof, new sewer lines, new water lines, new HVAC systems, and new water tanks. The unit mix consists of (4) two-bedroom/one-bathroom units and (1) three-bedroom/two-bathroom home, appealing to families and long-term tenants alike. Each residence features a large private backyard and a dedicated carport and outdoor space that is increasingly rare in the submarket. Ideally positioned directly across from Madison Park and Madison Park Middle School and just minutes from shopping, dining, and entertainment

Listing Details MLS# 7035981

Location, Tax & Legal

House Number: 4323
Compass: N
Street Name: 13TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4554
Country: US
County Code: Maricopa
Subdivision: MEADOWBROOK TRACT BLK 1
Assessor Number: 155-08-066-A
Tax Year: 2025
Assessor's Map #: 8
Legal Description (Abbrev): MEADOWBROOK TR LOT 10 BLK 4 EX TH W 5F
Assessor's Parcel #: 66
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108602
Taxes: 1730
Legal: MEADOWBROOK TR LOT 10 BLK 4 EX TH W 5F
Marketing Name: The Chadley at Madison pa

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 223.37x100.38x223/26x100.38
Year Built: 1958
Uncvrd Parking Spcs: 6
Total # of Units: 5
# of Buildings: 5
Zoning: R-3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District

Legal Info

Township: 2N
Range: 3E
Section: 21
Lot Number: 10

Income Expenses

Gross Annual Sch Inc: 112800
Net Operating Income: 90574

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Email: Yes
Phone Call: Yes

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1800
Avg SqFt: 795
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 2200
Avg SqFt: 1300
# Baths: 2

Project Type

5 - 12 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes

Sale Includes

Building(s) Only: Yes
Laundry Equipment: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1730
Other Income: 5750
Vacancy Allowance: 0.06
Adjusted Gross Inc: 111437

Pmt & Rate Info

Cap Rate: 5.49
Equity: 1650000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Individual: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Individual: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Fenced: Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Appliances Included

Built-In Electric Oven: Yes
Built-In Gas Oven: Yes
Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Access Type

City Street: Yes

Road Surface Type

Treated: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

1 Space/Unit: Yes
Assigned: Yes
Attached Carport: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
Conventional: Yes
1031 Exchange: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl Sale Includes: Building(s) Only; Laundry Equipment Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced Appliances Included: Built-In Electric Oven; Built-In Gas Oven; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup Heating: Individual Cooling: Ceiling Fan(s); Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: 1 Space/Unit; Assigned; Attached Carport Road Access Type: City Street Road Surface Type: Treated Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional; 1031 Exchange Environmental: None

Listing Office: ABI Multifamily

Last Updated: June - 02 - 2026