All Phoenix Multifamily Homes for Sale (2-4 Units)

With alluring big-city sophistication and unmatched desert beauty, the City of Phoenix, Arizona, is an excellent place to spend a day, a week, or a lifetime. Its timeless beauty provides the perfect backdrop for a romantic getaway, weekend adventure, or family vacation. The city boasts more land designated for preserves and parks than any other major city in the country, and it is full of exciting cultural attractions, museums, casual and fine dining restaurants, shopping, theater, and Old West roots. Additionally, this one-of-a-kind city is home to cactus, red-rock buttes, real cowboys, lush golf courses, resorts and spas, mountain trails, and Super Bowl-worthy sports venues.

All of the city’s spectacular amenities and attractions are easily enjoyed year-round because of the abundance of sunshine. All of its many advantages contribute to the city continuing to be one of the nation’s hottest growth areas. These features also make it an excellent place to invest in Phoenix real estate. Real estate in Phoenix includes a wide variety of opportunities, including Phoenix multi-family homes for sale. Multi-family homes in Phoenix consist of duplexes, triplexes, quads, condos, townhomes, patio homes, and other structures with multiple units that can house multiple families.

While owning a single-family home and using it as a rental property can provide monthly rental income, owning a multi-family property in Phoenix can generate multiple streams of monthly rental income. This makes owning Phoenix multi-family properties an ideal investment for those seeking consistent cash flow. You’ll find multi-family dwellings for sale in Phoenix in the 85018, 85012, 85014, 85008, 85015, and 85016 zip codes, among others, and the neighborhoods of Citrus Acres, Camel Square, Camelback Shadows, Citrus Heights, and Melrose Valley, to name a few. There is a broad range of listing prices for Phoenix multi-family dwellings as a result of the extraordinary diversity. If you are interested in learning more about currently available multi-family homes in Phoenix, Arizona, we would love to help you, so please do not hesitate to contact us as soon as it is convenient.

Our website features the best Phoenix duplexes, triplexes and fourplexes available. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes.

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

Interested in the ultimate guide on buying a fourplex? Check out our post here.

Curious about what’s happening in the multifamily market? You can create a custom market report to see what’s active, under contract, and sold in Phoenix!

1001 N 32nd Avenue, Phoenix $614,999 ▼

Don't miss out! This low maintenance fourplex is great for cashflow. Property is Located near mostly residential homes, schools (elementary & HS), and within 5 miles of ...

8 Beds
4 Baths
7032228 MLS

2755 E Atlanta Avenue, Phoenix $575,000 ▼

Established rent by room tri-plex with over 6 years of history. Strong income track record with $75,000-$79,000 annual rents. Financials available upon request. Recent ...

9 Beds
5 Baths
7030068 MLS

1934 E Monte Vista Road, Phoenix $550,000 ▼

Discover this rare gem--a fully remodeled duplex with 2 detached homes, offering both comfort and exceptional investment potential! Conveniently located along the SR 51 c...

6 Beds
3 Baths
7029468 MLS

4201 E Almeria Road Unit 1, Phoenix image

4201 E Almeria Road Unit 1, Phoenix $699,000 ▼

Turnkey Furnished Phoenix Duplex | Proven Income-Producing Investment | No HOA Opportunity meets flexibility at 4201 E Almeria Rd, a fully furnished duplex already ope...

4 Beds
4 Baths
7029061 MLS

2828 E Chipman Road, Phoenix $519,999

Back and better than ever with a brand-new roof and major upgrades throughout! Welcome to 2828 E Chipman Rd in Phoenix -- a rare duplex opportunity offering updated livin...

5 Beds
3 Baths
7026854 MLS

11231 N 18th Drive, Phoenix $529,000 ▼

MOTIVATED SELLER Nice 4-plex with great upside income potential. Mix of 2 1 bed and 2 2bed units each with separate backyard area for privacy. All 4 units currently rent...

6 Beds
4 Baths
7026645 MLS

5206 S 11th Avenue, Phoenix $480,500 ▼

Welcome to an outstanding investment opportunity in desirable South Phoenix! This beautifully renovated duplex offers the perfect blend of strong cash flow, modern finish...

4 Beds
2 Baths
7025341 MLS

3601 W Maricopa Street, Phoenix $800,000 ▲

Duplex featuring two units, each with 2 bedrooms and 1 bathroom. Both units are occupied.

6 Beds
2 Baths
7025032 MLS

1809 N 42nd Street, Phoenix $649,000

Exceptional investment opportunity in the desirable Arcadia/Osborn corridor! This beautifully renovated duplex features two separate 2 bed / 1 bath units, each currently ...

4 Beds
2 Baths
7024741 MLS

2826 E Marconi Avenue, Phoenix $625,000

Amazing investment fourplex in North Phoenix! Premium corner building with no shared walls, and easy access to covered parking for tenants. Units consist of: four 2bed/2b...

8 Beds
8 Baths
7023723 MLS

3515 N 12th Street, Phoenix $949,000

Very charming and quiet mid-century apartment community in midtown Phoenix situated just north of the Phoenix country club features a garden style four-unit building and ...

5 Beds
4 Baths
7022517 MLS

9624 N 16th Avenue, Phoenix $749,000

Experience modern living in this innovative 2024 duplex, crafted from high-quality shipping containers. This home is currently a short-term rental. Income docs are availa...

6 Beds
6 Baths
7022329 MLS

2833 E Le Marche Avenue, Phoenix $625,000

Amazing investment fourplex in North Phoenix! Premium corner building with no shared walls, and easy access to covered parking for tenants. Units consist of: one 1bed/1ba...

8 Beds
8 Baths
7021967 MLS

3422 N 12th Place, Phoenix $899,999 ▼

Huge opportunity to own a 4-plex investment property in a prime location! Situated in the rapidly growing and highly desirable central Phoenix area near the Downtown, Mid...

8 Beds
7020709 MLS

5820 N 35th Avenue, Phoenix $605,000 ▼

Well-located 4-plex just minutes from Grand Canyon University presents a strong opportunity for investors seeking consistent income and long-term growth. Its proximity to...

6 Beds
4 Baths
7020368 MLS

1212 E Taylor Street, Phoenix $425,000 ▼

Central Phoenix value-add opportunity featuring two separate structures, each offering 2 bedrooms and 1 bathroom. This property provides flexibility for an investor, owne...

4 Beds
2 Baths
7018588 MLS

548 & 550 W San Juan Avenue, Phoenix image

548 & 550 W San Juan Avenue, Phoenix $699,000 ▼

**Rare Dual-Residence Property | Two Private 2BR Homes | Fenced Yards | No HOA** One property, endless possibilities. Set on an oversized corner lot in one of Centr...

4 Beds
2 Baths
7017676 MLS

2032 W Cypress Street, Phoenix $454,900 ▼

Fantastic Investor opportunity! Perfect for the seasoned investor to add to their portfolio or an owner-occupant who wants passive income from stabilized rents. Each unit...

3 Beds
3 Baths
7014410 MLS

1615 W Desert Cove Avenue, Phoenix image

1615 W Desert Cove Avenue, Phoenix $550,000 ▼

HUGE PRICE REDUCTION!! DO NOT DISTURB TENANTS!!! 48HR MIN NOTICE. **UNIT 1 WILL BE MOVE IN READY BY END OF OCT. 2026, PERFECT FOR OWNER OCCUPANT BUYER!! THESE ARE 2 SEPAR...

6 Beds
3 Baths
7014247 MLS

3105 W Madison Street, Phoenix $489,000 ▼

This 3-unit garden-style property, built in 1986, features three large 3-bedroom / 1-bath units with 980 sqft of living space each. Select units have been upgraded, but t...

9 Beds
3 Baths
7013922 MLS

2925 N 38th Street, Phoenix $900,000

FULLY REMODELED UNITS! This multi-family property presents a strong, turnkey investment opportunity with immediate and reliable cash flow. The asset consists of four unit...

17 Beds
10 Baths
7013792 MLS

9027 N 11th Street, Phoenix $599,900

Located minutes from Downtown Phoenix, this well-maintained triplex in Phoenix, Arizona offers a great investment opportunity with strong rental potential. Each of the th...

6 Beds
3 Baths
6996997 MLS

718 W Fillmore Street, Phoenix $449,000 ▼

This offering includes two fully renovated multifamily units in a prime infill location directly adjacent to Downtown Phoenix. The property has been extensively upgraded ...

2 Beds
2 Baths
6996631 MLS

712 W Fillmore Street, Phoenix $665,000 ▼

This offering includes a single-family home and a triplex in a prime infill location directly adjacent to Downtown Phoenix. It provides stable in-place income with upside...

6 Beds
4 Baths
6996611 MLS

2126 N 25th Place, Phoenix $895,000 ▼

Fully Reimagined Triplex with New 2025 Roof! The Pricoli on 25th offers a premium unit mix (1x1, 2x2, 3x2) and a total 2023/2024 rebuild. This ''no expense spared'' prope...

6 Beds
5 Baths
6996556 MLS

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.