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$930,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 4 days ago
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This high-yield, well-maintained fourplex in Phoenix is perfectly situated in a quiet cul-de-sac, just south of McDowell & 48th St. Featuring four 2-bedroom, 1-bathroom units, this turnkey property boasts durable block construction and ceramic tile flooring, along with several recent updates. With convenient access to major freeways, supermarket, stores, and located just across from elementary school, these units are highly desirable and in great demand. Units 1 and 2 have just been remodeled/ upgraded. Units 3 and 4 have long-term tenants. Roofing replaced in 2017. All water heaters are newer (2021-2025). Each unit has its own private patio as well as washer/dryer hook-ups. Separate storage room outside unit 4. Amazing 6.5% CAP!

Full Property Details for 1321 N 48th Pl

General

  • Price: $930,000
  • Taxes: $1,184 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6988566
  • Updated: 4/7/2026
  • Added to Site: 47 day(s) ago

Interior

  • Appliances: Free-Standing Range, Refrigerator, Free-Standing Electric Oven, Microwave, Washer and Dryer Hookups
  • Flooring: Ceramic Tile

Additional Information

  • Security/Safety: Security Light(s)

Parking

  • Parking Features: Off Street, >1 Space Per Unit

Location

  • County: Maricopa
  • Township: 1N
  • Subdivision: PALOMINO ESTATES
  • Cross Streets: 48th St & McDowell

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s), Electric, Heat Pump, Individual
  • Heating Type: Electric

Utilities

  • Water: City Franchise

Structural Information

  • # Buildings: 1
  • Exterior Const.: Painted, Block
  • Roof: Composition
  • Year Built: 1960

Lot Features

  • Lot Dimensions: 8640
  • Frontage: Asphalt
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $1,184
  • Tax Year: 2025
  • Terms: No Carry, Conventional, FHA
  • Owner Pays: Trash Collection, Water, Sewer

Disclosures and Reports

  • Property ID: 125-13-092-A
  • Range: 4E
  • Section: 5
  • Lot Number: 47

Listed by HomeSmart

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— 1321 N 48th Pl —

  • HomeSmart

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 1321 N 48th Pl

School Districts:Balsz Elementary District, Phoenix Union High School District
NameGradesDistance
Brunson-Lee Elementary School
1350 North 48th Street, Phoenix, AZ 85008
K-50.1 mi
Pat Tillman Middle School
4309 East Belleview Street, Phoenix, AZ 85008
6-80.7 mi
Camelback High School
4612 North 28th Street, Phoenix, AZ 85016
9-124 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1321 N 48th Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/24/2026
Listed
$930,000
503.9%
MLS
8/07/2015
Sold
$154,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1321 N 48th Pl

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,184
6%
$70,650
—
2024
$1,114
1%
$70,960
9%
2023
$1,104
4%
$65,150
44%
2022
$1,064
—
$45,110
59%
2022
$1,064
-2%
$28,300
16%
2021
$1,082
2%
$24,410
17%
2020
$1,062
—
$20,850
13%
2019
$1,058
6%
$18,530
18%
2018
$996
4%
$15,730
8%
2017
$954
2%
$14,500
39%
2016
$934
7%
$10,410
23%
2015
$876
4%
$8,460
14%
2014
$845
28%
$7,450
57%
2013
$661
—
$4,750
—
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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1321 N 48th Place, Phoenix, AZ 85008 (MLS# 6988566) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1321 N 48th Place is currently listed for $930,000 and was received on February 24, 2026. Want to learn more about 1321 N 48th Place? Do you have questions about finding other Multi-Family real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

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