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$424,900
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Property Description
4-Plex Investment Opportunity! Discover this incredible value-add multifamily property featuring four 2-bed, 1-bath units across two duplex buildings at 2522 & 2528 W Palo Verde Dr, Phoenix, AZ 85017. Two units (2522 B & 2528 B) are currently rented at $840 and $780 per month, providing immediate income. The remaining two units are vacant and ready for renovation, offering great upside potential for increased rents or resale value. Located near GCU and major transportation routes, this property is perfect for investors seeking strong cash-flow potential in a high-demand rental area. With a little vision and improvement, this 4-plex can become a top performer in your portfolio!
Full Property Details
Full Property Details for 2522 W Palo Verde Dr
General
- Price: $424,900
- Taxes: $1,873 (2024)
- Status: Under Contract
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6946557
- Updated: 2/2/2026
- Added to Site: 147 day(s) ago
Interior
- Appliances: Free-Standing Range, Dishwasher, Refrigerator, None, Microwave
- Flooring: Carpet, Vinyl
Parking
- Parking Features: Add'l Parking Avail, Carport
Location
- County: Maricopa
- Township: 2N
- Subdivision: Bethany Main
- Cross Streets: 27th Avenue & Bethany Home Road
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Electric
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 2
- Exterior Const.: Painted, Block
- Roof: Rolled/Hot Mop
- Year Built: 1959
Lot Features
- Lot Dimensions: 14600
- Frontage: Asphalt
- Zoning: R3
Financial Considerations
- Tax Amount: $1,873
- Tax Year: 2024
- Terms: Conventional
- Owner Pays: Other, See Remarks
Disclosures and Reports
- Legal Description: BETHANY MAIN PLAT 2
- Property ID: 153-05-054-A
- Range: 2E
- Section: 13
- Lot Number: 25
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Schools
Schools serving 2522 W Palo Verde Dr
School Districts:Alhambra Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Cordova Middle School 5631 North 35th Avenue, Phoenix, AZ 85017 | K-8 | 1.2 mi |
Alhambra High School 3839 West Camelback Road, Phoenix, AZ 85019 | 9-12 | 1.9 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 2522 W Palo Verde Dr
Date
Details
Price
Change
Source
12/11/2025
Sold
$460,000
8.26%
MLS
11/13/2025
Listed
$424,900
117.9%
MLS
7/31/2014
Sold
$195,000
—
Public Record
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
Tax History for 2522 W Palo Verde Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,061
10%
$57,900
7%
2024
$1,873
—
$53,910
-4%
2023
$1,882
2%
$56,070
35%
2022
$1,853
—
$41,620
31%
2022
$1,853
-1%
$31,730
9%
2021
$1,870
4%
$29,150
16%
2020
$1,798
1%
$25,080
19%
2019
$1,776
8%
$21,050
9%
2018
$1,639
1%
$19,250
13%
2017
$1,619
4%
$17,000
20%
2016
$1,550
6%
$14,160
16%
2015
$1,468
-2%
$12,220
22%
2014
$1,498
19%
$10,000
46%
2013
$1,264
—
$6,830
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2522 W Palo Verde Dr
2522 W Palo Verde Drive, Phoenix, AZ 85017 (MLS# 6946557) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 2522 W Palo Verde Drive is currently listed for $424,900 and was received on November 13, 2025. Want to learn more about 2522 W Palo Verde Drive? 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.

