Positioned minutes from Historic Downtown Glendale, this four-unit property offers strong in-place cash flow with clear upside in a character-rich submarket. The asset features a front single-family home and rear triplex, creating a diversified income stream. All units are single-story with washer/dryer hookups, functional layouts, and private patios, supporting tenant… Read More retention.
Current gross income is $4,335/month, with triplex units averaging ~$1,030 and the front home at $1,250. Market comps support rent growth to $1,200-$1,250 (triplex) and $1,300-$1,375 (house), providing a clear path to increased NOI.
Located near Downtown Glendale, Murphy Park, and Westgate Entertainment District, the property benefits from strong tenant demand and long-term growth potential. Read Less
Courtesy of Orion Investment Real Estate 480-634-6934
Listing Snapshot
Days Online
139
Last Updated
Beds
8
Year Built
1973
MLS Number
7023263
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Refrigerator, W/D Hookup
Building
Built in 1973, 2 buildings, Construction Materials: Wood Frame, Painted, Stucco
Cooling
Central Air
Disclosures
Other (See Remarks)
Expenses
Operating: $1,457
Floors
Tile, Vinyl
Heating
Forced Air
Lot
Dimensions: TBD
Owner Pays
Gas, Trash Collection, Water, Sewer, Landscaping
Parking
6 open parking spaces, 6 total parking spaces, RV Access/Parking, >1 Space Per Unit, On Street
Roof
Composition
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 144-10-159, Public Survey Range: 2E, Public Survey Section: 7, Annual Amount: $1,457, Tax Book Number: 144.00, Legal Description: ORCHARD ADD AMD PLAT OF BLKS 1,2,3 & 4, Lot: 22, Year: 2025, Zoning: R-3
Utilities
Water Source: City Franchise, SRP
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