377 N 15TH Street, Phoenix, AZ 85006

$660,000
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Active
Current Price: $660,000 Last Modified: 8/04/2026

Overview

Description

The 15th Street fourplex consists of four 2-bedroom, 1-bath units, each approximately 650 square feet. Average rents are $1,107 per unit, producing gross annual income of approximately $53,160. Operating expenses are low, with the owner responsible only for water, sewer, and trash. Three of the four units have been renovated, and two HVAC systems have been replaced within the last 2-4 years. Located in the highly desirable Garfield Historic District, the property offers historic charm, excellent walkability, and close proximity to Roosevelt Row, making it an attractive investment with strong long-term upside in one of downtown Phoenix's most sought-after neighborhoods.

Listing Details MLS# 7062340

Location, Tax & Legal

House Number
377
Compass
N
Street Name
15TH
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85006
Zip4
3564
Country
US
County Code
Maricopa
Subdivision
BARKLEY PLACE
Assessor Number
116-18-016
Tax Year
2025
Assessor's Map #
18
Legal Description (Abbrev)
LOT 17 BARKLEY PLACE MCR 000716
Assessor's Parcel #
16
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
113201
Taxes
1803
Legal
LOT 17 BARKLEY PLACE MCR 000716
Marketing Name
Downtown Phoenix Fourplex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
0.186 acres / 8,100 sqft
Year Built
1983
Uncvrd Parking Spcs
5
Total # of Units
4
# of Buildings
Yes
Zoning
R-4
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
15th Street & Fillmore St

Legal Info

Township
1N
Range
3E
Section
4
Lot Number
17

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1107
Avg SqFt
650
# Baths
Yes

More Information

Structure

Bedrooms Total
8
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
53160
Net Operating Income
38874

Showing Notification Methods

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

Project Type

Four Plex
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Block
Yes
Slump Block
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes

Floors

Laminate
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Ins Exp
2250
Annual Maint Exp
4318
Annual Wtr/Swr Exp
4320
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
12691
Other Income
0
Vacancy Allowance
0.03
Adjusted Gross Inc
51565.2

Pmt & Rate Info

Cap Rate
5.89
Equity
660000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Central
Yes

Cooling

Electric
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes
Concrete
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Water Source

Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
>1 Space Per Unit
Yes

Electric

APS
Yes
SRP
Yes
Individual Meter
Yes

Gas

City Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes
No Carry
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Project Type: Four Plex Construction: Block; Slump Block Const - Finish: Stucco Roofing: Composition Floors: Laminate; Carpet Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer Heating: Central Cooling: Electric Water Source: Master Meter Sewer: Sewer - Public Electric: APS; SRP; Individual Meter Gas: City Gas Parking Features: On Street; >1 Space Per Unit Road Surface Type: Asphalt; Concrete Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Compass
Last Updated: August - 04 - 2026
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