434 N 42ND Street, Phoenix, AZ 85008

$550,000
Property Type: Multiple Dwellings Bedrooms: 4 Baths: 4 Status: Active
Current Price: $550,000 Last Modified: 9/17/2026

Overview

Description

Opportunity to own this stabilized fully occupied, cash flowing investment. Excellent location central to Downtown Phoenix, Tempe ASU, Arcadia, Scottsdale. All units updated in 2020 including floors, kitchen, bathroom, roof, mini-splits/window units. Opportunity to increase monthly rental income. Drive by only DO NOT Disturb tenants.

Listing Details MLS# 7081512

Location, Tax & Legal

House Number
434
Compass
N
Street Name
42ND
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85008
Zip4
6403
Country
US
County Code
Maricopa
Subdivision
LANCASTER MANORS
Assessor Number
125-32-060-A
Tax Year
2025
Assessor's Map #
32
Legal Description (Abbrev)
LOT 59 LANCASTER MANORS MCR 003742
Assessor's Parcel #
60
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
113700
Taxes
754
Legal
LOT 59 LANCASTER MANORS MCR 003742
Marketing Name
none

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
60 X 109
Year Built
1947
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
2
Zoning
R-3
Elementary School District
Balsz Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
44th Street & McDowell Rd

Legal Info

Township
1N
Range
4E
Section
6
Lot Number
59

Efficiency Units

# Efficiency Units
Yes
Avg Rent
550
# Baths
Yes

More Information

1 Bedroom Units

# 1 Bedroom Units
3
Avg Rent
850
# Baths
Yes

Structure

Bedrooms Total
4
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
42550
Net Operating Income
27626

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes

Project Type

Four Plex
Yes

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Block
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Rolled
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes

Income & Expenses

Annual Elec Exp
4800
Annual Ins Exp
2460
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
820
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
2400
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
11234
Other Income
0
Vacancy Allowance
0.02
Adjusted Gross Inc
41699
Total Monthly Rental Income
3546

Pmt & Rate Info

Cap Rate
5.02
Down Payment
0
Equity
550000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Window/Wall Unit
Yes
Individual
Yes

Tenant Pays

Cable TV
Yes

Appliances Included

Built-In Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes
Other
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Electric
Yes
Gas
Yes
Trash Collection
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Private
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted; Stucco Roofing: Rolled Floors: Ceramic Tile Sale Includes: Land & Building; Personal Property Community Features: No Pool Appliances Included: Built-In Range Cooling: Window/Wall Unit; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: 1 Space/Unit; Other Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Electric; Gas; Trash Collection Tenant Pays: Cable TV Source of Fincl Data: Owner Special: Owner/Agent Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Private Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional Environmental: None
IDX
Listing Office: My Home Group Real Estate
Last Updated: September - 17 - 2026
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