1923 E YALE Street, Phoenix, AZ 85006 (MLS# 7084803)

1923 E YALE Street, Phoenix, AZ 85006

$585,000

Virtual Tour

https://premier-lister.aryeo.com/sites/enqjbwxa/unbranded

Property Type: Multiple Dwellings Bedrooms: 5 Baths: 4 Status: Active

Current Price: $585,000 Last Modified: 9/24/2026

Overview

Description

Live in 1, let the back 2 pay your mortgage. Prime location right next to Phoenix Children's Hospital. Income-producing triplex offering 3 separate units on one property. The front residence is a standalone 3-bedroom, 1-bath home, while the rear building features 2 additional 1-bedroom, 1-bath units. The property offers a versatile configuration for investors seeking multiple rental units in a single location. Features include updated flooring, interior paint, landscaping, and air-conditioning systems. Conveniently located near Downtown with access to major freeways, providing connectivity to employment, dining, entertainment, shopping, and surrounding areas.

Supplements: A unique opportunity to own a three-unit property with a combination of a single-family residence and duplex configuration.

Listing Details MLS# 7084803

Location, Tax & Legal

House Number: 1923
Compass: E
Street Name: YALE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1572
Country: US
County Code: Maricopa
Subdivision: GIBBONS PLACE
Assessor Number: 117-06-001
Tax Year: 2025
Assessor's Map #: 6
Legal Description (Abbrev): LOT 1 GIBBONS PLACE MCR 005309
Assessor's Parcel #: 1
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111602
Taxes: 1096
Legal: LOT 1 GIBBONS PLACE MCR 005309
Marketing Name: Yale St. Triplex

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 7879
Year Built: 1964
Uncvrd Parking Spcs: 2
Total # of Units: 3
# of Buildings: 2
Zoning: R3
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: William T Machan Elementary School
Jr. High School: Biltmore Preparatory Academy

Remarks Misc

Cross Street: 20th ST & Thomas
Directions: From the 51 Freeway, Exit Westbound on Thomas, on to 20th Street South, turn right/west on E Yale St, Home on the left hand side!

Legal Info

Township: 2N
Range: 3E
Section: 34
Lot Number: Yes

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 1600
Avg SqFt: 612
# Baths: Yes

More Information

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1850
Avg SqFt: 977
# Baths: 2

Structure

Bedrooms Total: 5
Bathrooms Total: 4

Income Expenses

Gross Annual Sch Inc: 60600
Net Operating Income: 46909

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes

Contact Info

List Agent Home Phn: 602-600-5387

Project Type

Tri-Plex: Yes

Efficiency Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Block: Yes

Const - Finish

Stucco: Yes

Roofing

Composition: Yes

Floors

Laminate: Yes
Tile: Yes
Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 6152
Annual Gas Exp: 1004
Annual Landscape Exp: 960
Annual Wtr/Swr Exp: 2399
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 11611
Other Income: 0
Vacancy Allowance: 0.5
Adjusted Gross Inc: 30300
Total Monthly Rental Income: 5050

Pmt & Rate Info

Cap Rate: 8.02
Equity: 585000
Down Payment %: 3
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Other: Yes

Community Features

Other: Yes

Heating

Heat Pump: Yes
Electric: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Exterior Amenities

Landscape Water System: Yes
Fenced: Yes
RV/Boat Parking: Yes
Patio/Balcony: Yes

Tenant Pays

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

Appliances Included

Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes
Gravel: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes
Submetered System: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes
>1 Space Per Unit: Yes
RV Access/Parking: Yes

Electric

APS: Yes
Submetered System: Yes

Gas

SW Gas: Yes
Submetered System: Yes

Owner Pays

Landscaping: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes

Existing 1st Loan

Conventional: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Project Type: Tri-Plex Construction: Block Const - Finish: Stucco Roofing: Composition Floors: Laminate; Tile; Vinyl Sale Includes: Land & Building Community Features: Other Exterior Amenities: Landscape Water System; Fenced; RV/Boat Parking; Patio/Balcony Appliances Included: Free-Standing Range; Refrigerator; Microwave Heating: Heat Pump Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise; Submetered System Sewer: Sewer - Public Electric: APS; Submetered System Gas: SW Gas; Submetered System Parking Features: On Street; >1 Space Per Unit; RV Access/Parking Road Surface Type: Gravel; Asphalt Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: Other Existing 1st Loan: Conventional New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: Real Broker

Last Updated: September - 24 - 2026