204 E Hatcher Road, Phoenix, AZ 85020

$850,000
Property Type: Multiple Dwellings Status: Active
Current Price: $850,000 Last Modified: 6/23/2026

Overview

Description

204 E Hatcher Road presents a rare opportunity to acquire a well-maintained duplex in a strong North Central Phoenix location. Built in 2006, the property features two spacious 3-bed/2.5-bath units averaging approximately 1,788 square feet each, offering the feel of a single-family home with the convenience of rental living. Currently occupied by strong government-subsidized tenants paying $2,772 per month, each unit includes an attached two-car garage, private backyard, in-unit washer & dryer, and individually metered utilities, including water. Located in a desirable pocket of Sunnyslope near North Mountain Park & Preserve, HonorHealth John C. Lincoln Medical Center, shopping, dining, & major employment corridors, the property offers strong appeal for both investors and owner-occupants.

Listing Details MLS# 7045330

Location, Tax & Legal

House Number
204
Compass
E
Street Name
Hatcher
St Suffix
Road
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85020
Country
US
County Code
Maricopa
Assessor Number
159-44-025-C
Tax Year
2025
Assessor's Map #
44
Assessor's Parcel #
25
Assessor Parcel Ltr
C
Add'l Parcels
No
Tax Municipality
Phoenix
Taxes
3154
Legal
PIEDMONT MCR 38-27 LOT 25 P/F 18-0077431
Marketing Name
204 E Hatcher Rd

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
140' x 57'
Year Built
2006
Uncvrd Parking Spcs
4
Total # of Units
2
# of Buildings
Yes
Zoning
R-5

Remarks Misc

Cross Street
N Central Ave & E Hatcher Rd
Directions
From central Phoenix, head north of Central Ave until you hit Hatcher Rd. Turn right (east) on Hatcher, and after a couple blocks the property will be located on the north side of the street.

Legal Info

Lot Number
25

Income Expenses

Gross Annual Sch Inc
66528
Net Operating Income
59722

More Information

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes
Phone Call
Yes

3 Bedrooms Units

# 3 Bedroom Units
2
Avg Rent
2772
Avg SqFt
1788
# Baths
25

Project Type

Duplex
Yes

Construction

Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Tile
Yes
Concrete
Yes

Floors

Tile
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Ins Exp
2102
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
5256
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
66528

Pmt & Rate Info

Cap Rate
7.03
Equity
850000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes
Central
Yes

Cooling

Central Air
Yes
Electric
Yes

Exterior Amenities

Desert Landscaping
Yes
Partially Fenced
Yes
Patio/Balcony
Yes

Tenant Pays

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

Appliances Included

Washer/Dryer
Yes
W/D Hookup
Yes

Road Surface Type

Concrete
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Individual Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Garage
Yes
>1 Space Per Unit
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

None
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
No Carry
Yes
1031 Exchange
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Fixed
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Stucco Roofing: Tile; Concrete Floors: Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Patio/Balcony Appliances Included: Washer/Dryer; W/D Hookup Heating: Central; Heat Pump Cooling: Electric; Central Air Water Source: City Franchise; Individual Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Garage; >1 Space Per Unit Road Surface Type: Concrete Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange Environmental: None

Documents

IDX
Listing Office: ABI Multifamily
Last Updated: June - 23 - 2026
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