18

Central City Multifamily Homes & Duplexes for Sale

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  • /8

    $850,000

    602 S 17th Ave, Phoenix, AZ 85007

    This 18-unit property provides a great opportunity to create a thriving community in Downtown Phoenix. With the structures in place to create great living spaces, this property has unique flexibility to be traditional market-rate rentals or a master leased property to a third-party operator. This property is priced to sell with a huge upside and cash flow potential. Currently gutted and vacant

    Tyler Bruggman ABI Multifamily

    602 S 17th Ave, Phoenix, AZ 85007
  • /16

    $650,000

    2206 E Taylor St, Phoenix, AZ 85006

    SELLER CARRY OPTION AVAILABLE! Excellent investment property. Low maintenance desertscape too! Great cash flow ! Good location. Close to L-Rail too! Please do not walk the property or disturb tenants as they are unaware of the sale. Buyer to verify measurements, zoning, financials & any item of concern prior to close of escrow.

    Michelle Hoogendoorn Better Homes & Gardens Real Estate SJ Fowler

    2206 E Taylor St, Phoenix, AZ 85006
  • /35

    $529,000

    2201 E Portland St, Phoenix, AZ 85006

    Two fully renovated houses, a 3bed/1bath and a 2bed/1bath on one lot, perfect for investors, house hackers, or families seeking flexibility, in one of the city's most dynamic and artistic neighborhoods. With strong rental potential and a prime location, this unique setup won't last long.Both homes underwent full renovations in 2025.Located in a rapidly growing area just minutes

    William Xander Orion Investment Real Estate

    2201 E Portland St, Phoenix, AZ 85006
  • /11

    $549,999

    1004 S Montezuma Ave, Phoenix, AZ 85003

    This charming triplex in Downtown Phoenix presents a unique investment opportunity with a diverse unit mix consisting of a remodeled single-family home (3-bed/1.5-bath) and a duplex with a studio and a 1-bed/1-bath unit. Originally built in 1936, the single-family home underwent extensive renovations in 2021, enhancing its appeal and long-term value. Each unit offers dedicated parking and in-unit

    Mitchell Drake ABI Multifamily

    1004 S Montezuma Ave, Phoenix, AZ 85003
  • /20

    $274,900

    1514 W Sherman St, Phoenix, AZ 85007

    Situated close to Downtown Phoenix, property offers a fantastic value-add opportunity for investors. This multifamily property features three units: a front duplex with two 1-bedroom, 1-bathroom units, and a 2-bedroom, 1-bathroom single-family home at the rear. Ideally located near Phoenix Memorial Hospital and just under two miles from Downtown Phoenix, this property presents great potential for

    Joseph Mahoney JM Realty

    1514 W Sherman St, Phoenix, AZ 85007
  • /6

    $849,000

    2440 E Monroe St, Phoenix, AZ 85034

    Fantastic location within walking distance to the light rail, close to the airport and downtown Phoenix. Exterior recently painted, new roofs, laundry in 4 of the 5 units, 3 of the a/c units are newer and tankless hot water heaters. Each of the units have had improvements upon vacancy suchas: tiled flooring, tiled showers, backsplash and interior paint. Property is individually metered for

    Emily Weaver Open House Realty

    2440 E Monroe St, Phoenix, AZ 85034
  • /28

    $1,495,000

    525 N 32nd St, Phoenix, AZ 85008

    Welcome to Thirteen on 32nd Street Apartments, a centrally located multifamily investment in Phoenix, just across from Celebrity Theatre and near the Phoenix Airport with convenient freeway access.This offering includes two parcels at 525 & 526 N 32nd Street (APN: 121-17-026-A and 121-17-028-A), presenting an excellent value-add opportunity with below-market rents and redevelopment

    Sophia Baron Grace CRE

    525 N 32nd St, Phoenix, AZ 85008
  • /24

    $699,999

    1106 E Papago St, Phoenix, AZ 85034

    Here is your opportunity to purchase rentals for passive income or do the popular house hack and live in one and rent the other! Best of all this is brand new construction! This duplex has 3 bedrooms and 2 baths in both units. The property will be completely finished with window treatments, stainless steel appliances, full-sized washer & dryer, low maintenance landscaping, and much more. This

    Richard De Luca FSR Realty

    1106 E Papago St, Phoenix, AZ 85034
  • /22

    $1,350,000

    1945 W Van Buren St, Phoenix, AZ 85009

    EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES:

    Joseph Mahoney JM Realty

    1945 W Van Buren St, Phoenix, AZ 85009
  • /60

    $629,999

    1120 S 4th Ave Unit 2, Phoenix, AZ 85003

    Discover this stunning new construction duplex in the heart of downtown Phoenix, offering the perfect blend of modern design and convenience. Each thoughtfully designed unit includes 2 spacious bedrooms, 1 sleek bathroom, and an in-unit laundry area equipped with a stackable washer and dryer. Step into the beautifully appointed kitchens featuring quartz countertops, stainless steel appliances,

    Maria Guerrero Realty ONE Group

    1120 S 4th Ave Unit 2, Phoenix, AZ 85003
  • /10

    $549,900

    1005 S 17th Ave, Phoenix, AZ 85007

    BRAND NEW Duplex! Foam insulation, energy efficient windows, stucco exterior, 2x6 framing, tile throughout, all appliances included for a turn key rental. Built to last as a quality investment with minimal maintenance. To be completed April 2025! Very close to downtown and less than 5 minutes to the Suns and Diamondback stadiums. Pictures are from another complex but built to match.

    Kyle Gardner Evergreen Realty LLC

    1005 S 17th Ave, Phoenix, AZ 85007
  • /84

    $1,725,000

    2203 E Mckinley St, Phoenix, AZ 85006

    Located in an Opportunity Zone!McKinley apartments is a 10-unit multifamily opportunity located in the East Side Submarket of Phoenix, Arizona. Originally built in 1964 and updated under current and prior ownership, this asset is strategically positioned near the Phoenix Sky Harbor International Airport. Supporting this location are several economic drivers including education, leisure

    Colt Siler Orion Investment Real Estate

    2203 E Mckinley St, Phoenix, AZ 85006
  • /25

    $770,000

    1509 W Pierce St, Phoenix, AZ 85007

    4-Plex investment opportunity in the heart of the Oakland Historic District of Downtown Phoenix. Property consists of two 2 story buildings set to the back of the property with parking lot right off the street. All 4 units are identical 2 bed, 1 bath, 642 sq ft with washer and dryer's. 1 of the 4 units just went through a full renovation in 2023. All units have sub metered water and is billed

    Todd Morris RETSY

    1509 W Pierce St, Phoenix, AZ 85007
  • /5

    $1,100,000

    2916 E Monroe St, Phoenix, AZ 85034

    Multi-Unit property in Central Downtown location. Potential for a great value-add! Property includes a total of 9 units within 6 buildings. Offers mix of (3)studio apartments, (3) one bedroom, (2) two bedroom units and (1) Three bedroom unit. SF of units is 220, 244, 247, 343, 442, 523, 556, 674 and 1,060SF.Great tenant base.

    Tiffany McGill MCG Realty

    2916 E Monroe St, Phoenix, AZ 85034
  • /2

    $575,000

    1702 W Yuma St, Phoenix, AZ 85007

    4 plex located at 19th Ave and Buckeye. All units are one 1 bed/1 bath with stove and fridge included with all leases. All tenants pay a 1/4 share of the water, sewer, trash bill from City of Phoenix. Electric is individually metered. Units have had many major components updated and maintained in the last 5 years. Well maintained units with great maintenance records and roughly 9 months minimum

    Matthew Potter Real Broker

    1702 W Yuma St, Phoenix, AZ 85007
  • /8

    $1,590,000

    1825 E Adams St, Phoenix, AZ 85034

    To much to mention see listing #6626952 under residential listings for info and over 300 photos. Owner/listing agent/architect/ builder, currently resides in the dwelling. Owner/seller is an active az lic realtor..7,700 sf of usable space. new waymo station under construction at the nw corner of 18th st and washington. 1 block away.

    Pablo Acosta Colonial Realty, LLC

    1825 E Adams St, Phoenix, AZ 85034
  • /2

    $864,000

    1434 S 11th Ave, Phoenix, AZ 85007

    Attention Attention! These stunning brand-new units were at groundbreaking, and they're NOW nearing completion — estimated finish DATE END of April! Each unit is equipped with a NEW ELECTRIC VEHICLE CHARGER and BUILT-IN FIRE SPRINKLER SYSTEM for added safety and convenience. Don't miss this incredible opportunity!Featuring 3,334 sq. ft. total (1,667 sq. ft. per unit), each unit offers 2 master

    Maria Enriquez-Camargo eXp Realty

    1434 S 11th Ave, Phoenix, AZ 85007
  • /17

    $370,000

    2230 E Taylor St, Phoenix, AZ 85006

    Fabiola Aboyte HomeSmart

    2230 E Taylor St, Phoenix, AZ 85006

About Central City

Central City in Phoenix serves as the cultural heart of the region, blending a mix of dining, housing, and popular attractions. The neighborhood features a variety of living options, including midcentury and Mediterranean-style ranchers, as well as contemporary homes and condominiums. Residents enjoy a vibrant dining scene with notable spots like Sonora Taco Shop and Lo-Lo’s Chicken & Waffles. The area is also home to major event venues such as the Arizona Financial Theatre, The Van Buren, and the historic Orpheum Theatre, which host live music and performances. Sports fans can easily access Chase Field, home to the Arizona Diamondbacks, and the Footprint Center, where the Phoenix Suns play. Central City offers several parks for outdoor activities and is well-connected via Interstate 10 and nearby highways, facilitating easy travel to other parts of Greater Phoenix. The Phoenix Sky Harbor International Airport is conveniently located to the east, enhancing travel options. Along East Buckeye Road, residents find a mix of restaurants, bars, small businesses, and essential services like the United States Postal Service and Circle K. The Phoenix Convention Center hosts a variety of events, including Phoenix Fan Fusion and Franchise Expo West. Civic Space Park, just north of the neighborhood, is known for its modern sculptures and proximity to Arizona State University’s downtown campus. Additionally, the Rosson House Museum at Heritage Square offers a historical perspective with its preserved Victorian home and other artifacts, complemented by the onsite coffee shop, Stemistry.

Home Trends in Central City, AZ

Home Trends

Median Price (12 Mo)
$338,900
Median Single Family Price
$345,000
Median Townhouse Price
$579,990
Average Price Per Sq Ft
$274
Number of Homes for Sale
30
Last 12 months Home Sales
83
Months of Supply
4.30
Median List Price
$359,900
Median Discount From 1st List Price
3%
Median Home Sale Price YoY Change
3%
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