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: 10/11/2026

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

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
No Showing Service Used

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
Office Phone: 480-685-2760
Office Email: andrew@myhomegroup.com
Last Updated: October - 11 - 2026
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