4515 N 14TH Place, Phoenix, AZ 85014
$1,100,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,100,000
Last Modified:
3/07/2026
Description
Turn-key Central Phoenix triplex comprised of two buildings with separate addresses. Front building (4515) is 2018 new construction featuring Unit A (1bd/1ba) and Unit B (2bd/1ba), each with private yard and dedicated parking. Rear residence (4513) is a freestanding 2bd/1ba home fully renovated to the studs in 2016 with gated driveway and four uncovered spaces. All units offer inside laundry and private individual yards. Complete foam roof recoated and full exterior painted in 2020. No HOA. Stabilized asset in a strong Uptown rental corridor with long-term appreciation potential. Strong tenant base. Tenants pay own electric.
More Information MLS# 6988580
Contract Info
Ownership: Fee Simple
Current Price: $1,100,000
List Price: $1,100,000
Status: Active
List Date: 2026-02-23
Location, Tax & Legal
Assessor's Map #: 2
Legal Description (Abbrev): VICTOR PARK
Assessor's Parcel #: 37
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108602
Taxes: 3513
Legal: LOT 26 VICTOR PARK MCR
Marketing Name: 4514 N 14th Place
House Number: 4515
Compass: N
Street Name: 14TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4210
County Code: Maricopa
Subdivision: VICTOR PARK
Assessor Number: 155-02-037
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 7
Lot Size Dimensions: 8299SF
Flood Zone: No
Total # of Units: 3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison #1 Elementary School
Jr. High School: Madison #1 Elementary School
High School: North High School
Year Built: 1948
Zoning: R4
Legal Info
Range: 3E
Section: 21
Township: 2N
Lot Number: 26
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Const - Finish
Wood Siding: 1
Roofing
Foam: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 2914
Annual Landscape Exp: 2450
Annual Maint Exp: 4866
Annual Wtr/Swr Exp: 2192
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 4540
Operating Exp: 20475
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 61500
Total Monthly Rental Income: 5125
Pmt & Rate Info
Cap Rate: 4.05
Equity: 1100000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
See Remarks: 1
Heating
Electric: 1
Individual: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Window/Wall Unit: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Cable TV Available: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Assigned: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1625
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1750
Avg SqFt: 1000
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: N 16th Street & E Campbell Avenue
Directions: Head west on E Campbell Avenue (0.2 mi). Head north onto N 14th Place. Property is 3rd on east side of street.
Geo Lat: 33.502702
Geo Lon: -112.050515
Income Expenses
Gross Annual Sch Inc: 61500
Net Operating Income: 44535
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Wood Siding
Roofing: Foam
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool; See Remarks
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual; Central
Cooling: Ceiling Fan(s); Electric; Window/Wall Unit; Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: On Street; >1 Space Per Unit; Assigned
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
New Financing: Cash; Conventional; No Carry
Environmental: None
Listing Office:
Cambridge Properties
Last Updated: March - 07 - 2026
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