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About This Home

This 8-bedroom, 0-bathroom residential multi family at 1321 N 48TH Place in Phoenix, AZ is listed for $930,000. Built in 1960, on a N/A lot.

Agent Description

This high-yield, well-maintained fourplex in Phoenix is perfectly situated in a quiet cul-de-sac, just south of McDowell & 48th St. Featuring four 2-bedroom, 1-bathroom units, this turnkey property boasts durable block construction and ceramic tile flooring, along with several recent updates.

With convenient access to major freeways, supermarket, stores, and located just across from elementary school, these units are highly desirable and in great demand. Units 1 and 2 have just been remodeled/ upgraded. Units 3 and 4 have long-term tenants. Roofing replaced in 2017. All water heaters are newer (2021-2025). Each unit has its own private patio as well as washer/dryer hook-ups. Separate storage room outside unit 4. Amazing 6.5% CAP!

Key Features

  • Built in 1960

Property Details

4 full
1960

Amenities

A/C

Monthly Cost Estimate

$4,974/mo

20% down · 6.5% · 30 years

Principal$673
Interest$4,030
Insurance$271

Estimates only. Actual payments may vary.

Location

1321 N 48TH Place

Phoenix, AZ 85008

PALOMINO ESTATES

Property Details

Flooring

Tile - Ceramic

Construction

Painted Block

Parking

Off Street

Heating

Electric (Heating)

Cooling

Central AirHeat PumpCeiling Fan(s)Electric

Appliances

Free-Standing RangeRefrigeratorFree-Standing Electric OvenMicrowaveW/D Hookup

Questions & Answers

This 8-bedroom, 0-bathroom residential multi family at 1321 N 48TH Place is listed at $930,000. The estimated monthly payment is $4,030 based on 20% down at 6.5% interest.

Key features include: Built in 1960.

This property is listed by Monica Coker and can be reached at 4803071815 or info@monicacoker.com.

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MC

Monica Coker

Agent at HomeSmart

(480) 307-1815

Listed by HomeSmart

MLS# 6988566· Source: listhub· Updated 46 days ago

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1321 N 48TH Place, Phoenix, AZ 85008

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