3422 N 12TH Place, Phoenix, AZ 85014 (MLS# 7020709)

3422 N 12TH Place, Phoenix, AZ 85014

$954,999

Property Type: Multiple Dwellings Bedrooms: 8 Status: Active

Current Price: $954,999 Last Modified: 10/07/2026

Overview

Description

Huge opportunity to own a 4-plex investment property in a prime location! Situated in the rapidly growing and highly desirable central Phoenix area near the Downtown, Midtown, and Encanto Corridors, this is an exceptional opportunity for long-term wealth creation and strong rental demand. With no HOA fees, operating costs stay lower and returns stronger. The property features four well-maintained units, each offering 974 sq ft with 2 bedrooms and 2 bathrooms. One unit has been recently remodeled, with another currently undergoing renovations. Two units are currently leased below market rents, while two units are vacant during the remodel process, creating immediate upside potential. Strong value-add opportunity with projected rents of $1,450-$1,700 per month based on nearby comparable

Supplements: properties. Centrally located property just minutes from downtown phoenix with convenient freeway access and strong rental potential. Situated in an established neighborhood with a mix of resident and investment properties. fully remoldeled unit for rent at $1,500.00

Listing Details MLS# 7020709

Location, Tax & Legal

House Number: 3422
Compass: N
Street Name: 12TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 5158
Country: US
County Code: Maricopa
Subdivision: STEPHENSON SUBDIVISION
Assessor Number: 118-08-137
Tax Year: 2025

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 60 x 126.8
Year Built: 1983
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: Yes
Zoning: R-4
Flood Zone: No
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Longview Elementary School
Jr. High School: Osborn Middle School
High School: North High School

Remarks Misc

Cross Street: Osborn Road & 7th Street
Directions: Head east on E Osborn Rd toward N 9th Pl. Turn left onto N 12th Pl. Turn left. Turn left. Destination will be on the left.

Legal Info

Township: 2N
Range: 3E
Section: 28
Lot Number: Yes

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1100
Avg SqFt: 974

More Information

Structure

Bedrooms Total: 8

Showing Notification Methods

Showing Service: Aligned Showings

Contact Info

List Agent Home Phn: 623-826-0980

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Stucco Roofing: Built-Up Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool; Other Appliances Included: Built-In Range; Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup Heating: Individual; Central Cooling: Electric; Individual; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Underground; Individual Meter Gas: None Parking Features: Carport; Paved Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV 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; VA; FHA; Conventional Environmental: None

Listing Office: Howe Realty

Office Phone: 602-909-6513

Last Updated: October - 07 - 2026