$1,100,000
Phoenix, AZ 85008
MLS# 7013616
1 / 13
Property Description
Beautiful fourplex in a super quaint, extremely popular neighborhood in the south Arcadia submarket. All of the fourplexes on this street have a very unique, Ralph Haver-style that is incredibly desirable as far as mid-century architecture goes. The property offers a beautiful common area and the units are all extremely spacious with tons of storage, large bedrooms, and plenty of living space. This fourplex consists of LARGE three 2-bedroom / 2-bath units (very rare for this vintage) and one 1-bedroom / 1-bath unit. The units on this street lease-up incredibly fast given the combination of spaciousness of the units and the mid-century architecture.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,100,000
List Price: $1,100,000
Status: Active
List Date: 2026-04-14
Location, Tax & Legal
Unit #: 3
Building Number: 3
Assessor's Map #: 8
Legal Description (Abbrev): LOT 12 THOMAS MALL SUBDIVISION MCR 010417
Assessor's Parcel #: 14
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111300
Taxes: 2036
Legal: LOT 12 THOMAS MALL SUBDIVISION MCR 010417
Marketing Name: 46th Street Apartments
House Number: 2542
Compass: N
Street Name: 46TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 2426
County Code: Maricopa
Subdivision: THOMAS MALL SUBDIVISION
Assessor Number: 126-08-014
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 113.91x100.38x113.90x100.38
Flood Zone: No
Total # of Units: 4
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Year Built: 1964
Zoning: R-3
Legal Info
Range: 4E
Section: 31
Township: 2N
Lot Number: 12
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Stone: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Building(s) Only: 1
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2036
Other Income: 3400
Vacancy Allowance: 0.05
Adjusted Gross Inc: 72200
Pmt & Rate Info
Cap Rate: 5.38
Equity: 1100000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Individual: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Built-In Electric Oven: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Road Surface Type
Gravel: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1325
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1425
Avg SqFt: 995
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.476312
Geo Lon: -111.982889
Income Expenses
Gross Annual Sch Inc: 72600
Net Operating Income: 59134
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Stone
Roofing: Composition
Floors: Vinyl
Sale Includes: Building(s) Only; Laundry Equipment
Community Features: No Pool
Appliances Included: Built-In Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave
Heating: Individual; Central
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Gravel
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office: ABI Multifamily
Last Updated: April - 14 - 2026
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