5 Best Triplexes for Sale Phoenix AZ – June 2025

Natalie’s Top 5 Triplexes 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 handpicked each month! These Phoenix Triplexes 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. 1829 N 10th St, Phoenix

Located in the heart of Phoenix, this rare investment triplex is priced to sell! This well-maintained triplex features three individual units, each with its own character and charm.

• Front Unit (1829 N. 10th St): A comfortable 2-bedroom, 1-bath home spanning 843 sq ft. Includes in-unit washer and dryer, with durable tile flooring throughout.
• Middle Unit (1831 N. 10th St): Currently vacant and move-in ready, this 1-bedroom, 1-bath unit offers 494 sq ft of living space and features stylish concrete flooring.
• Rear Unit (1831 ½ N. 10th St): A cozy 1-bedroom, 1-bath, 440 sq ft residence with updated Saltillo tile floors.

Each unit is separately metered for gas and electricity, while water is covered by the owner. All three units benefit from a brand-new roof (2024) and newer AC systems, ensuring peace of mind and long-term value. The backyard is a shared space with the potential to be divided for added privacy. Additional on-site storage and assigned parking for each unit make this property as practical as it is appealing.

Two of the units are currently tenant-occupied on month-to-month leases, offering flexibility for future rental strategies or owner-occupancy. Perfect for an investor or a buyer seeking rental income in a desirable area close to all that Phoenix has to offer. Price cut to $710,000

Source: Listing Courtesy of Rachael Freireich, DeLex Realty. Zillow.com

2. 1529 E Edgemont Ave, Phoenix

Welcome to this exceptional triplex in the heart of the Coronado Historic District, one of Phoenix’s most desirable neighborhoods. Fully renovated and thoughtfully updated, this property offers modern comfort, flexibility, and income potential, all just steps from popular shops, restaurants, hospitals, and coffee spots like Starbucks. The price was dropped again making this a more attractive opportunity.

• Main House: A stunning 3-bedroom, 1-bathroom home featuring a bright, open layout with contemporary finishes. You’ll love the stylish flooring, upgraded cabinetry, and marble backsplash in the kitchen—a perfect blend of character and modern convenience.
• Rear Duplex: Behind the main home are two additional renovated units:
  • A 2-bedroom, 1-bathroom unit with updated interiors.
  • A standalone 1-bedroom, 1-bathroom unit, also fully remodeled.

Each unit has its own private entrance and yard access, allowing for privacy and flexibility, whether you’re hosting long-term tenants or short-term guests. The large lot includes extended driveways on both sides, two RV gates, and generous backyard space, making parking and outdoor living a breeze.

Ideal for investors, travel nurses and doctors, or owner-occupants looking to live in one unit while generating income from the others. With its unbeatable location and high rental demand, this property offers multiple income strategies and long-term growth potential. This is truly a rare find in a sought-after neighborhood. Don’t miss your chance to own this Coronado triplex! Price cut to $679,999

Source: Listing Courtesy of Joe Montalto, USELLSMART Real Estate. Zillow.com

3. 1101 E Roosevelt St, Phoenix

Here’s your chance to own not just one, but two updated multifamily properties in a prime Phoenix location. Okay, so not just a triplex, but I had to share it. This offering includes a triplex at 1101 E Roosevelt St and a fourplex at 1105 E Roosevelt St, totaling seven upgraded units—all thoughtfully renovated for long-term value and tenant appeal.

Each unit showcases modern finishes, including:

• Updated flooring and cabinetry
• Stylish lighting and ceiling fans
• Refreshed bathrooms and kitchens with new appliances
• In-unit laundry hook-ups for added convenience

All units are individually metered for electricity, making management and tenant billing straightforward. The exterior features low-maintenance desert landscaping, a new privacy fence, and strong curb appeal. Located in the vibrant Roosevelt Row Arts District, these properties are just minutes from First Fridays, local restaurants, shops, and major freeways, ensuring strong rental demand year-round.

With separate parcels, these properties also open the door to flexible residential financing options, offering versatility for both investors and house hackers alike. Whether you’re looking to expand your portfolio or break into the Phoenix rental market, this is an opportunity you don’t want to miss. Price cut to $1,000,000

Source: Listing Courtesy of Richard De Luca, FSR Realty. Zillow.com

4. 2223 E Roosevelt St, Phoenix

Located in one of Phoenix’s fastest-growing neighborhoods, Three at Bumbalow offers a unique opportunity to own a recently renovated triplex with strong income potential and long-term upside. Just minutes from downtown, with easy access to major freeways and light rail, this well-positioned property is ideal for investors or owner-occupants looking to live in one unit while renting out the others.

Renovated in 2023, the triplex includes two 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit. Each unit has a private entrance, washer and dryer hookups, and a functional layout designed for modern living. All appliances, including washers, dryers, and refrigerators, convey with the sale. A side yard adds extra outdoor space and the potential for shared amenities or a communal patio area.

Currently self-managed to reduce overhead, the units are generating solid monthly rents of $2,863, $1,584, and $1,985. Whether you’re completing a 1031 exchange, expanding your portfolio, or seeking a hybrid living-income setup, this turnkey asset combines stability, flexibility, and prime Central Phoenix location. Priced at $1,200,000

Source: Listing Courtesy of Josiah Miller, West USA Realty. Zillow.com

5. 735 W Coolidge St, Phoenix

This well-maintained, income-producing triplex is located just off Camelback and 7th Ave in the desirable Grandview neighborhood, steps from the Melrose District. Situated on a spacious 8,775 sq ft lot, the property features a front main house and a rear duplex—three fully leased 2-bedroom, 1-bath units, all professionally managed.

• Front House (848 sq ft) – Currently leased at $1,395/month. Features wood-look vinyl flooring in the living room and bedrooms, ceramic tile in the kitchen, black appliances, and glass-paneled hardwood cabinets. Built-in bookshelves in one bedroom offer a flexible space for an office or den. Ample storage includes two large bedroom closets and three additional hallway closets. Ceiling fans throughout.
  
• Rear Duplex (Two Units, 650 sq ft each) – Each unit is leased at $1,200/month.
  • Unit 1 includes stainless steel appliances, maple hardwood cabinetry, ceramic tile flooring, and ceiling fans throughout. HVAC was replaced in 2022.
  • Unit 2 features stainless steel appliances, cherry hardwood cabinetry, and ceramic tile flooring. HVAC was replaced in 2013.

All three homes are individually metered and include their own outdoor laundry room with washer and dryer, along with gas stoves, dryers, and hot water heaters, helping reduce utility expenses for tenants.

This triplex is ideally located with quick access to the Light Rail, I-17 and SR-51 freeways, and some of Phoenix’s best dining, shopping, and entertainment. Enjoy proximity to Uptown Phoenix, the vibrant Melrose District, Downtown, and Biltmore Fashion Park. Price cut to $749,999

Source: Listing Courtesy of Alexis Paige Magness, Compass. Zillow.com