4429 N 53RD Lane, Phoenix, AZ 85031

$615,000

Property Type: Multiple Dwellings Status: Active

Current Price: $615,000 Last Modified: 5/30/2026

Overview

Description

Investment opportunity in the heart of Phoenix. This multi-unit property offers income potential with flexible living arrangements ideal for investors, owner-occupants, or multi-generational living. The property features multiple units with private entrances, functional floor plans, and ample parking. Conveniently located this property provides easy connectivity throughout the Valley. Whether you are looking to expand your rental portfolio, generate supplemental income, or occupy one unit while renting the others, this property presents endless possibilities. Tenants' rights apply, do not disturb tenants.

Listing Details MLS# 7034582

Location, Tax & Legal

House Number: 4429
Compass: N
Street Name: 53RD
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85031
Zip4: 1933
Country: US
County Code: Maricopa
Subdivision: PARKWAY VILLAGE
Assessor Number: 144-44-059
Tax Year: 2025
Assessor's Map #: 44
Legal Description (Abbrev): LOT 13 PARKWAY VILLAGE MCR 015609
Assessor's Parcel #: 59
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 109400
Taxes: 2811
Legal: LOT 13 PARKWAY VILLAGE MCR 015609
Marketing Name: Parkway Village

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 111 x 70
Year Built: 1973
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: Yes
Zoning: R-4
Elementary School District: Cartwright Elementary District
High School District: Phoenix Union High School District
Elementary School: John F. Long
Jr. High School: Marc T. Atkinson Middle School & Gifted Academy
High School: Maryvale High School

Remarks Misc

Cross Street: 51st Ave/ Camelback
Directions: I-17 to Camelback West to 51st Ave, slight right on Maryvale Parkway to right on Campbell. Left on 53rd Lane

Legal Info

Township: 2N
Range: 2E
Section: 20
Lot Number: 13

Income Expenses

Gross Annual Sch Inc: 55600
Net Operating Income: 39375

More Information

Showing Notification Methods

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

2 Bedroom Units

# 2 Bedroom Units: 3
Avg Rent: 1050
Avg SqFt: 900
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1500
Avg SqFt: 1600
# Baths: 2

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Tile: Yes
Rolled: Yes

Floors

Laminate: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: Yes
Annual Ownr Asoc Fee: 3660
Operating Exp: 6471
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 55600

Pmt & Rate Info

Cap Rate: 6.4
Equity: 615000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Forced Air: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Exterior Amenities

Desert Landscaping: Yes
Sidewalk(s): Yes
Patio/Balcony: Yes

Interior Features

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

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Disposal: Yes
Refrigerator: Yes
Free-Standing Range: Yes
W/D Hookup: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Books Shwn Accpt Ofr: Yes
Other (See Remarks): Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Garage: Yes
On Street: Yes
>1 Space Per Unit: Yes
Off Street: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Landscaping: Yes

New Financing

Cash: Yes
Conventional: Yes
No Carry: Yes
1031 Exchange: Yes

Existing 1st Loan

Conventional: 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

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile; Rolled Floors: Laminate Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Sidewalk(s); Patio/Balcony Interior Features: Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Disposal; W/D Hookup Heating: Forced Air Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Garage; On Street; >1 Space Per Unit; Off Street Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Books Shwn Accpt Ofr; Other (See Remarks) Showing Notification Methods: Text; Phone Call Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable New Financing: Cash; Conventional; No Carry; 1031 Exchange Environmental: None

Listing Office: HomeSmart

Last Updated: May - 30 - 2026