# 1321 N 48TH Place, Phoenix, AZ 85008

> **TL;DR:** 8bd/0ba residential multi family, $930,000, built 1960.
> A/C. Est. $4,030/mo. Listed 46 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $930,000 |
| Bedrooms | 8 |
| Year Built | 1960 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 46 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,030 |
| **Total** | **$4,030** |

## Nearby Schools

- **Elementary:** Brunson-Lee Elementary School
- **Middle:** Pat Tillman Middle School
- **High:** Buckeye Union High School

## Key Amenities

- A/C

## Property Highlights

- Built in 1960

## Description

### 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!

## Location

- **Address:** 1321 N 48TH Place, Phoenix, AZ 85008
- **County:** Maricopa
- **Neighborhood:** PALOMINO ESTATES
- **Coordinates:** 33.4628, -111.977256
- **Google Maps:** https://www.google.com/maps?q=33.4628,-111.977256

## Listing Agent

- **Name:** Monica Coker
- **Brokerage:** HomeSmart
- **Phone:** 4803071815
- **Email:** info@monicacoker.com

## Primary Photo

![1321 N 48TH Place - Primary Photo](http://lh.rdcpix.com/6af16bd3c48e648063a0bdb42726f963l-f1666425004r.jpg)

*23 total photos available on [listing page](https://www.propertysimple.com/listing/1321-n-48th-place-phoenix-az-85008-6988566)*

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**MLS#:** 6988566 | **Updated:** 2026-04-29
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/1321-n-48th-place-phoenix-az-85008-6988566)

---

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