Discover a prime investment opportunity in strong central Phoenix with this fully occupied 8-unit multifamily complex generating consistent cash flow from day one. This exceptional property comprises three spacious 1-bedroom, 1-bathroom units and five efficient studio units, perfectly positioned to capitalize on the area's high demand for affordable rentals where vacancies remain rare. Each unit features its own electrical sub-panel for independent metering and billing. While all three 1-bedroom units boast in-unit washer/dryers for premium tenant appeal, and studios share a convenient on-site
CloseDaily local analysis
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
This property is grouped with the current five-or-more-bedroom homes in Phoenix. Its asking price falls near the 62nd percentile of that active group. The comparison uses 698 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $334,250, and the median is $216 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 3516 W GRANT Street, Phoenix, AZ 85009 | May 22, 2026 | 6 bd | $546,000 | 0.2 mi |
| 3630 W MARICOPA Street, Phoenix, AZ 85009 | Jul 21, 2026 | 5 bd · 1,673 sqft | $220,000 | 0.2 mi |
| 3222 W YUMA Street, Phoenix, AZ 85009 | May 15, 2026 | 4 bd · 1,230 sqft | $283,000 | 0.4 mi |
| 3107 W YUMA Street 16, Phoenix, AZ 85009 | Sep 1, 2026 | — | $385,000 | 0.5 mi |
| 3027 W LINCOLN Street 14, Phoenix, AZ 85009 | May 22, 2026 | — | $860,000 | 0.5 mi |
| 3917 W LINCOLN Street, Phoenix, AZ 85009 | Aug 28, 2026 | 3 bd · 1,000 sqft | $303,000 | 0.6 mi |
| 110 N 33RD Avenue, Phoenix, AZ 85009 | Aug 28, 2026 | — | $358,500 | 0.8 mi |
| 115 N 33RD Avenue, Phoenix, AZ 85009 | Jun 19, 2026 | 3 bd · 1,531 sqft | $310,000 | 0.8 mi |
MLS timeline
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
Continue comparing
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