$850,000
Phoenix, AZ 85014
MLS# 7020424
1 / 31
Property Description
Exceptional investment opportunity in the heart of Central Phoenix. Ideally situated near the Biltmore Area and Downtown Phoenix, this gated triplex offers strong in-place income with zero vacancy and modernized interiors throughout. The property features two 1 bed / 1 bath units and one 2 bed / 1 bath unit, all thoughtfully updated while maintaining a touch of mid-century character. Tenants enjoy a private, lushly landscaped courtyard, along with semi private patios for each unit, creating a unique community-oriented living environment. Additional highlights include covered parking for three vehicles plus 3 uncovered spaces, multiple storage areas, and a shared laundry room with washer and dryer included. Each unit is separately metered for gas and electric and equipped with its own
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $850,000
List Price: $850,000
Status: Active
List Date: 2026-04-28
Location, Tax & Legal
Assessor's Map #: 2
Assessor's Parcel #: 24
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108602
Taxes: 1359
Legal: LOT 13 VICTOR PARK MCR 003232
Marketing Name: Mid-Mod Midtown Tri-plex
House Number: 4514
Compass: N
Street Name: 14TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4257
Country: US
County Code: Maricopa
Subdivision: VICTOR PARK
Assessor Number: 155-02-024
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 1
Lot Size Dimensions: 128 x 65
Flood Zone: No
Total # of Units: 3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison Camelview Elementary
Jr. High School: Madison Park School
High School: North High School
Year Built: 1968
Zoning: R-3
Legal Info
Range: 3E
Section: 21
Township: 2N
Lot Number: 13
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Other (See Remarks): 1
Roofing
Composition: 1
Floors
Vinyl: 1
Wood: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Ins Exp: 1327
Annual Landscape Exp: 300
Annual Wtr/Swr Exp: 2209
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 1810
Operating Exp: 7005
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 54600
Pmt & Rate Info
Cap Rate: 5.6
Equity: 850000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Other: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Desert Landscaping: 1
Fenced: 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Separate Storage: 1
Security Light(s): 1
Other (See Remarks): 1
Interior Features
Unfurnished: 1
Mini Blinds: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Dirt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Carport: 1
1 Space/Unit: 1
>1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
Assigned: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1375
Avg SqFt: 650
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1800
Avg SqFt: 850
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 16th St & Camelback
Directions: South on 16th St to Campbell, right on Campbell to 14th Place, right on 14th Place to property on your left.
Geo Lat: 33.502524
Geo Lon: -112.051133
Income Expenses
Gross Annual Sch Inc: 54600
Net Operating Income: 47595
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Other (See Remarks)
Roofing: Composition
Floors: Vinyl; Wood; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Fenced; Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s); Other (See Remarks)
Interior Features: Unfurnished; Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Disposal; Microwave
Heating: Natural Gas; Individual
Cooling: Ceiling Fan(s); Electric; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: Carport; 1 Space/Unit; >1 Space Per Unit; Add'l Parking Avail; Assigned; Paved
Road Access Type: Alley
Road Surface Type: Dirt; Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Lockbox Type: Other
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Supplements
HVAC system and water heater, minimizing owner expenses and simplifying management. Ideal for investors seeking stable cash flow, with future flexibility. Potential owner-occupant opportunity available as early as July. These opportunities do not come up often!
Listing Office: My Home Group Real Estate
Last Updated: April - 30 - 2026
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