1732 E WOOD Street, Phoenix, AZ 85040

$489,900
Property Type: Multiple Dwellings Bedrooms: 5 Baths: 3 Status: Active
Current Price: $489,900 List Date: 6/10/2026 Last Modified: 10/24/2026

Overview

Description

OWN A DUPLEX WITH LITTLE OR NO MONEY DOWN! Qualified buyers may be eligible for Down Payment Assistance programs offering ZERO DOWN PAYMENT! Live in one unit and rent the other to offset your mortgage payment. FHA, VA and conventional financing available, making this an exceptional opportunity for owner-occupants and investors! Built in 2022, this well-maintained duplex is fully leased with dependable, on-time tenants. Annual income of approximately $34,000 with an attractive 7% CAP rate. Tenants pay electric; owner pays water and sewer. Both units feature wood-look tile flooring, Samsung stainless appliances, 42'' espresso cabinetry, 2'' wood blinds and contemporary finishes. Ideal for affordable homeownership or investors seeking immediate rental income. Cash and 1031 exchange buyers too

Listing Details MLS# 7039988

Location, Tax & Legal

House Number
1732
Compass
E
Street Name
WOOD
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85040
Country
US
County Code
Maricopa
Subdivision
BELMONT PARK
Assessor Number
122-19-046
Tax Year
2026

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
7353 SF
Year Built
2023
Uncvrd Parking Spcs
2
Total # of Units
2
# of Buildings
Yes
Zoning
R3
Elementary School District
Roosevelt Elementary District
High School District
Phoenix Union High School District
Elementary School
Percy L Julian School
Jr. High School
Percy L Julian School
High School
South Mountain High School

Remarks Misc

Cross Street
BROADWAY AT 24 ST

Legal Info

Lot Number
14

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg Rent
1600
Avg SqFt
1150
# Baths
Yes

More Information

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
2100
Avg SqFt
1450
# Baths
2

Structure

Bedrooms Total
5
Bathrooms Total
3

Income Expenses

Gross Annual Sch Inc
44400
Net Operating Income
34182

Showing Notification Methods

Showing Service
Aligned Showings

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Cable TV Available; Patio/Balcony Interior Features: Mini Blinds; Drapes; Breakfast Bar Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup Cooling: Ceiling Fan(s); Heat Pump; Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: Carport; >1 Space Per Unit; Add'l Parking Avail; Attached Carport Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Landscaping Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: RE/MAX Excalibur
Office Phone: 480-355-3500
Office Email: Sindy@AzGreatHomes.com
Last Updated: October - 24 - 2026
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