3346 W HARMONT Drive, Phoenix, AZ 85051

New Listing
$835,000
Property Type: Multiple Dwellings Status: Active
Current Price: $835,000 List Date: 4/23/2026 Last Modified: 4/23/2026

Overview

Description

high-performing fourplex--arguably the best cash-flowing asset currently available in the Phoenix metro. Fully leased and producing over $6,500/month in gross income with immediate upside through RUBs and rental increases. Strong unit mix: (1) 3BD/2BA + (3) 2BD/1BA, appealing to long-term tenants and driving consistent demand. Each unit offers a garden-style layout with private garage parking--an uncommon feature that sets this property apart. Well-maintained with minimal near-term capex, delivering stable, predictable income from day one. Perfect for investors seeking a clean, income-producing asset with both strong yield and long-term upside. Opportunities like this are rare--act quickly.

Listing Details MLS# 7016511

Location, Tax & Legal

House Number
3346
Compass
W
Street Name
HARMONT
St Suffix
Drive
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85051
Zip4
6157
Country
US
County Code
Maricopa
Subdivision
NORTHERN LANAI UNIT 1
Assessor Number
150-09-894
Tax Year
2025
Assessor's Map #
9
Legal Description (Abbrev)
LOT 27 NORTHERN LANAI UNIT 1 MCR 016924
Assessor's Parcel #
894
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
105602
Taxes
2307
Legal
LOT 27 NORTHERN LANAI UNIT 1 MCR 016924
Marketing Name
NORTHERN LANAI 4 PLEX

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
n/a
Year Built
1974
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
r3
Flood Zone
TBD
High School District
Glendale Union High School District

Remarks Misc

Cross Street
33rd & Northern

Legal Info

Township
3N
Range
2E
Section
35
Lot Number
27

Income Expenses

Gross Annual Sch Inc
77760
Net Operating Income
69789

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
3
Avg Rent
1495
Avg SqFt
875
# Baths
3

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
1995
Avg SqFt
1100
# Baths
2

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes

Floors

Tile
Yes
Vinyl
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
3600
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
4200
Owner Association
Yes
Annual Ownr Asoc Fee
1560
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
11667
Other Income
3696
Vacancy Allowance
0
Adjusted Gross Inc
81456
Total Monthly Rental Income
6480

Pmt & Rate Info

Cap Rate
8.36
Equity
835000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Free-Standing Electric Oven
Yes
Microwave
Yes
Refrigerator
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Accountant
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Garage
Yes
<1 Space Per Unit
Yes
Garage Door Opener
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Tile; Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Interior Features: Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Electric Oven; Refrigerator; Microwave Cooling: Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: Garage; <1 Space Per Unit; Garage Door Opener Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner; Accountant Showing Notification Methods: Text; Phone Call Lockbox Type: None New Financing: Cash; VA; Conventional Environmental: None
IDX
Listing Office: Apex Residential
Last Updated: April - 23 - 2026
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