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3422 N 12TH Pl, Phoenix, AZ 85014

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Listed byHowe Realty
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Overview

Huge opportunity to own a 4-plex investment property in a prime location! Situated in the rapidly growing and highly desirable central Phoenix area near the Downtown, Midtown, and Encanto Corridors, this is an exceptional opportunity for long-term wealth creation and strong rental demand. With no HOA fees, operating costs stay lower and returns stronger. The property features four well-maintained units, each offering 974 sq ft with 2 bedrooms and 2 bathrooms. One unit has been recently remodeled, with another currently undergoing renovations. Two units are currently leased below market rents, while two units are vacant during the remodel process, creating immediate upside potential. Strong value-add opportunity with projected rents of $1,450-$1,700 per month based on nearby comparable properties. Centrally located property just minutes from downtown phoenix with convenient freeway access and strong rental potential. Situated in an established neighborhood with a mix of resident and investment properties.

Location

Full feature list

Basic info

Property type
Multi-family
Lot size (acres)
0.17
Year built
1983

Utilities

Heating
Central, Electric
Cooling
Central Air, Electric
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$3,188

Public schools

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Sourced from: Arizona Regional Multiple Listing Service (ARMLS) MLS®#: 7020709 Last checked:

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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.