3849 N 23RD Drive, Phoenix, AZ 85015

$669,000
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Active
Current Price: $669,000 Last Modified: 11/10/2026

Overview

Description

Great investment opportunity with this value add 4 plex consisting of 2 separate buildings on a large lot with a very open and spacious community courtyard perfect for gathering, BBQ's or visiting with your neighbors. All units are 2 bedrooms with 1 bathroom and come with a separate storage/laundry room. Conveniently located for easy commute to Grand Canyon University (2 miles), downtown Phoenix, mid town Phoenix and Steel Indian School Park. Perfect investment opportunity with all tenants on a month-to-month lease ready for updating and rental rate increases.

Listing Details MLS# 7034632

Location, Tax & Legal

House Number
3849
Compass
N
Street Name
23RD
St Suffix
Drive
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85015
Zip4
5373
Country
US
County Code
Maricopa
Subdivision
GERARDO PARK LOTS 1-10
Assessor Number
110-04-026
Tax Year
2025

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
11,424
Year Built
1984
Uncvrd Parking Spcs
8
Total # of Units
4
# of Buildings
2
Zoning
R-3
Flood Zone
No
Elementary School District
Alhambra Elementary District
High School District
Phoenix Union High School District
Elementary School
Westwood Elementary School
Jr. High School
Choice Learning Academy
High School
Central High School

Remarks Misc

Cross Street
23rd Ave. and Indian School Road
Directions
From Indian School head South on N. 23rd Ave., West on Fairmount Ave., South on 23rd Dr., 2nd property on East Side.

Legal Info

Township
2N
Range
2E
Section
25
Lot Number
36

2 Bedroom Units

# 2 Bedroom Units
4
Avg SqFt
750
# Baths
Yes

More Information

Structure

Bedrooms Total
8
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
47100

Showing Notification Methods

Showing Service
Aligned Showings

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted; Stucco Roofing: Composition Floors: Laminate; Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Sidewalk(s); Separate Storage Interior Features: Fire/Smoke Alarm(s); Mini Blinds; Drapes Appliances Included: Built-In Electric Oven; Refrigerator; Disposal; Microwave Cooling: Ceiling Fan(s); Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: On Street; 1 Space/Unit; >1 Space Per Unit Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Terms: Not Applicable New Financing: Cash; VA; FHA; Conventional Environmental: Fuel/Chemical Tanks
IDX
Listing Office: HomeSmart
Office Phone: 602-230-7600
Office Email: rlarue@hsmove.com
Last Updated: November - 10 - 2026
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