1321 N 48TH Place, Phoenix AZ 85008
$899,000
Brokerage: Ivy Realty(623) 299-4954
1 / 33Home facts
- Price
- $899,000
- Status
- Active
- Beds
- 8
- Baths
- 4
- Year built
- 1960
- Type
- F
- Pool
- No
- Water
- City Franchise
- Sewer
- Sewer - Public
- Subdivision
- PALOMINO ESTATES
- MLS #
- 6988566
Listed by HomeSmart · 602-230-7600
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
This high-yield, well-maintained fourplex in Phoenix is perfectly situated in a quiet cul-de-sac, just south of McDowell & 48th St. Featuring four 2-bedroom, 1-bathroom units, this turnkey property boasts durable block construction and ceramic tile flooring, along with several recent updates. With convenient access to major freeways, supermarket, stores, and located just across from elementary school, these units are highly desirable and in great demand. 4 UNITS FULLY OCCUPIED; Units 1 and 2 have just been remodeled/upgraded. Units 3 and 4 have long-term tenants. Roofing replaced in 2017. All water heaters are newer (2021-2025). Each unit has its own private patio as well as washer/dryer hook-ups. Separate storage room outside unit 4. Amazing 6.4% CAP.
Features
Roof
Composition
Sewer
Sewer - Public
Cooling
Central Air, Ceiling Fan(s), Electric, Heat Pump, Individual
Heating
Electric
Electric
SRP
Flooring
Ceramic Tile
WaterSource
City Franchise
ParkingFeatures
Off Street, >1 Space Per Unit
CommunityFeatures
No Pool
ConstructionMaterials
Painted, Block
Map
Price and status history
| Date | Change | From → To |
|---|---|---|
| Sep 6, 2026 | Price | $929,900 → $899,000 |
| Jun 29, 2026 | Price | $930,000 → $929,900 |
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 1403 N 44TH Street | Sep 28, 2026 | $371,000 | 3/3 | 1,584 | Compass |
| 4434 E HUBBELL Street 22 | Sep 24, 2026 | $258,000 | 2/2 | 1,012 | Duck's & Associates Realty |
| 2315 N 52ND Street 103 | Sep 17, 2026 | $424,500 | 3/3 | 1,654 | CTS Realty |
| 5146 E OAK Street 112 | Aug 27, 2026 | $176,500 | 2/2 | 810 | Compass |
| 4447 E ALMERIA Road | Aug 18, 2026 | $384,000 | 3/2 | 1,399 | Real Broker |
| 612 N 48TH Street | Aug 12, 2026 | $385,000 | 3/2 | 1,338 | eXp Realty |
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:33 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).