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
84
Last Updated
Property Type
Multiple Dwellings
Year Built
1973
MLS Number
7023263
30 Days Snapshot Of 85301
$303k
+1%
(avg) sold price
23
+9%
homes sold
92
-40%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, W/D Hookup
Building
Built in 1973, Construction materials: Wood Frame, Painted, Stucco, 4 total units
Cooling
Central Air
Floors
Tile, Vinyl
Heating
Forced Air
Parking
RV Access/Parking, >1 Space Per Unit, On Street, 6 total parkings
Property
Zoning: R-3
Roof
Composition
Sewer
Public Sewer
Taxes
Annual amount: $1,457, Lot: 22
Utilities
SRP
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