5 Best Fourplexes for Sale Phoenix AZ – June 2025

Natalie’s Top 5 Fourplexes for Sale in Phoenix, AZ:

If you’re on the hunt for an investment property or a house-hacking opportunity, look no further than the exquisite properties I handpick each month! These Phoenix Fouplexes are stunning, and all have different pros/cons for investors, making it hard to pick just five. Ultimately, I chose a variety to showcase the properties with the best potential. Here are this month’s top five duplexes for sale in Phoenix:

1. 2231 N 25th Pl, Phoenix

This unique property features four total units on one lot with a standalone 3-bedroom, 1.5-bath single-family home and a triplex with three 2-bedroom, 1-bath units. Perfect for investors or owner-occupants, the property qualifies for FHA, VA, and conventional financing, making it a rare and versatile find in today’s market.

• Tenants pay for their electricity
• Single-Family Home: Central A/C, washer/dryer hookups, private layout
• Triplex: All three units offer in-unit laundry hookups and are individually metered for electricity
• Recent exterior paint for added curb appeal
• Below-market rents with strong upside potential
• Prime Phoenix location near freeways and residential neighborhoods

There is a lot to like about these units, with opportunities for forced appreciation and market rents to generate better cash flow. Priced at $850,000.

Source: Listing Courtesy of Sophia J Willets & Garrett Pedicini, Grace CRE. Zillow.com

2. 1346 E Willetta St, Phoenix

Now I know this is a blog about finding a fourplex, but if you’re looking for a rare investment opportunity in the heart of Downtown Phoenix, 1346 East Willetta Street checks every box. Located just one block from Banner Medical Center, this fully renovated multifamily portfolio offers unmatched potential for strong, stable cash flow, especially from the booming demand for furnished, mid-term housing for travel nurses and medical staff.

Originally built in 1959, this twelve-unit property (3 fully-renovated fourplexes) has been thoughtfully transformed from the inside out. It features a dynamic unit mix perfect for both short- and long-term tenants:

• (5) 1-bedroom / 1-bath units
• (6) 2-bedroom / 1-bath units
• (1) 3-bedroom / 1-bath unit

Each unit has been completely renovated and outfitted with:

• Water, sewer, and trash are included in the rent
• Luxury vinyl plank flooring
• Quartz countertops and stainless-steel appliances
• Modern cabinetry, fixtures, and recessed lighting
• In-suite washer and dryer
• Individually metered electric and gas

Priced at $3,120,000

Source: Listing Courtesy of Dallin J. Hammond, ABI Multifamily. Zillow.com

3. 939 E Turney Ave, Phoenix

This fully remodeled 4-plex in Midtown Phoenix is a standout investment with a proven track record. Currently operating as a cash-flowing Airbnb, the property combines updated interiors with the charm of original architecture. Each unit has been tastefully modernized, and the property includes a shared courtyard and ample off-street parking.

Located in one of Phoenix’s most vibrant neighborhoods, it’s just minutes from downtown, top restaurants, art galleries, and public transit—making it ideal for both short- and long-term rentals.

Fourplex Highlights:

• 2024 gross profits: $121,606
• All furniture included
• Zoned with potential to add more units
• No HOA and low taxes ($1,490 in 2024)
• Single-level building with easy access
• Biltmore/Arcadia adjacent location

With high rental demand and strong income history, this property is perfect for investors seeking a turnkey opportunity in a desirable central Phoenix neighborhood. Priced at $1,350,000

Source: Listing Courtesy of John Fagundes & Morgan N. Weese, AZREAPM Zillow.com

4. 3422 N 12th Pl, Phoenix

Here’s your chance to own a turnkey multifamily property in one of Phoenix’s most desirable and fast-growing neighborhoods. Just minutes from the Biltmore, this well-maintained fourplex offers an unbeatable combination of steady income, future upside, and location-driven demand.

Each of the four 2-bedroom, 2-bath units spans nearly 1,000 square feet and comes equipped with appliances, making it fully move-in ready for tenants from day one.

With no HOA fees and all units currently occupied, this property offers immediate cash flow and lower operating costs. One unit presents a light renovation opportunity, giving you the chance to boost rental rates and add value. Whether you’re an experienced investor looking to expand your portfolio or just stepping into the multi-family space, this asset provides a strong foundation for long-term appreciation.

With proximity to downtown Phoenix, major employers, shopping, and public transportation, this is a rare opportunity you won’t want to miss. Priced at $1,140,000

Source: Listing Courtesy of Brandon Howe & Sarah Triana, Howe Realty. Zillow.com

5. 805 E Turney Ave, Phoenix

One of Phoenix’s most dynamic and evolving neighborhoods, this fully renovated fourplex delivers both immediate rental income and long-term investment potential.

With a flexible unit mix that includes a spacious 3-bedroom, 1-bath residence and three additional 1-bedroom, 1-bath units, the property is ideally suited for either full-time leasing or short-term rental strategies. A home warranty is included, offering peace of mind for new ownership.

Located near popular destinations like Fate Brewery, new townhome developments, the VA Hospital, and top-rated private schools, including Brophy and Xavier Prep, this location offers a rare blend of lifestyle appeal and central convenience.

Whether you’re looking to house hack by living in one unit, expand your rental portfolio, or tap into Midtown’s growing demand for furnished rentals, this is a move-in-ready opportunity with lasting upside. Priced at $889,995

Source: Listing Courtesy of John Ely, Rely Real Estate, LLC. Zillow.com