1538 W MCKINLEY Street, Phoenix, AZ 85007 (MLS# 7081271)

1538 W MCKINLEY Street, Phoenix, AZ 85007

$624,900

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

Current Price: $624,900 Last Modified: 9/17/2026

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 $3,700/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
Assessor's Map #: 25
Legal Description (Abbrev): PT OF SW4 SEC 6-T1N-3E & PT OF LTS 7 & 8 BLK 3 OF HOMESTEAD PL MCR 1-26 REFERRED TO AS LT 8 BLK 8 OF
Assessor's Parcel #: 32
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 112900
Taxes: 3311
Legal: PT OF SW4 SEC 6-T1N-3E & PT OF LTS 7 & 8 BLK 3 OF HOMESTEAD PL MCR 1-26 REFERRED TO AS LT 8 BLK 8 OF
Marketing Name: Triplex at Roosevelt Row

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: 44400

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes

Contact Info

List Agent Cell Phn2: 480-338-4888

Project Type

Tri-Plex: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3311
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 44400

Pmt & Rate Info

Cap Rate: 7.11
Equity: 624900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes

Tenant Pays

Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Concrete: Yes

Source of Fincl Data

Owner: Yes

Water Source

Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes

Electric

APS: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Electric: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Conventional: Yes
No Carry: Yes
1031 Exchange: Yes

Existing 1st Loan

Conventional: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

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

Last Updated: September - 17 - 2026