1538 W MCKINLEY Street, Phoenix, AZ 85007

$599,900

Property Type: Multiple Dwellings Bedrooms: 4 Baths: 3 Status: Active

Current Price: $599,900 Last Modified: 11/06/2026

Overview

Description

Turnkey triplex opportunity near the Roosevelt Arts District! This updated multifamily property offers an attractive combination of modern interiors, private outdoor space and features designed for strong tenant appeal. Currently generating $3,500/month in gross rents. The property consists of three individually accessed residences, including a 2-bedroom/1-bath unit and two 1-bedroom/1-bath units. Interiors have been extensively updated with wood-look tile flooring, white shaker cabinetry, quartz countertops, stainless-steel appliances and beautifully finished walk-in tile showers. Each residence also offers the convenience of an IN UNIT WASHER / DRYER and dishwasher features that help set these units apart from many competing rentals.

Supplements: Outside, residents enjoy private fenced yard/patio areas, low-maintenance desert landscaping and off-street parking, including two covered parking spaces at the rear. Two of the three units received newer HVAC systems as part of the prior renovation. With three separate residences, updated finishes and a central Phoenix location near Downtown, Roos ... (Read more)

Listing Details MLS# 7081271

Location, Tax & Legal

House Number: 1538
Compass: W
Street Name: MCKINLEY
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2268
Country: US
County Code: Maricopa
Subdivision: HOMESTEAD PLACE
Assessor Number: 111-25-032-A
Tax Year: 2025

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 52' X 121'
Year Built: 1931
Uncvrd Parking Spcs: 3
Total # of Units: 3
# of Buildings: Yes
Zoning: R5
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Capitol Elementary School
Jr. High School: Capitol Elementary School
High School: Central High School

Remarks Misc

Cross Street: Roosevelt and 15th ave

Legal Info

Township: 1N
Range: 3E
Section: 6
Block: 3
Lot Number: 7,8

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 1100
Avg SqFt: 500
# Baths: Yes

More Information

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg Rent: 1500
Avg SqFt: 680
# Baths: Yes

Structure

Bedrooms Total: 4
Bathrooms Total: 3

Income Expenses

Gross Annual Sch Inc: 44400
Net Operating Income: 38000

Showing Notification Methods

Showing Service: Aligned Showings

Contact Info

List Agent Cell Phn2: 480-338-4888

Property Features

Project Type: Tri-Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Electric Water Source: Master Meter Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Carport Road Surface Type: Concrete Owner Pays: Water; Electric; Trash Collection; Landscaping Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Conventional New Financing: Conventional; No Carry; 1031 Exchange Environmental: None

Listing Office: Realty Executives Arizona Territory

Office Phone: 602-755-8556

Office Email: JMurtaugh@RealtyExAz.com

Last Updated: November - 06 - 2026