1950 E Yale Street, Phoenix, AZ 85006
- $815,000
- List Price
- $815,000
- Status
- ACTIVE
- Price Change
- ▼ $25,000 1784264431
- Days on Market
- 184
- MLS#
- 6984600
- City
- Phoenix
- Year Built
- 1961
Property Description
Excellent investment opportunity in the heart of Phoenix! This centrally located triplex offers strong rental appeal and immediate income potential, as all units are currently fully leased. The property features two units with 2 bedrooms and 1 bathroom, plus a spacious third unit offering 3 bedrooms and 2 bathrooms — ideal for attracting a variety of tenants. Each unit has been thoughtfully updated with modern finishes, including wood-look flooring, neutral color palettes, recessed lighting, and stylish kitchens complete with white shaker cabinetry, quartz countertops, stainless steel appliances, and tile backsplash. Residents enjoy private covered patios, front turf areas, and the convenience of in-unit washer and dryer — features that enhance tenant satisfaction and retention. Situated near major freeways, downtown Phoenix, Chase Field, ASU, Phoenix Children's Hospital, shopping, dining, and public transportation, this property offers both convenience and long-term desirability. Easy to manage and located in a high-demand rental corridor, this is an ideal addition to any investment portfolio. Don't miss this opportunity to own a well-maintained multi-family property in a prime central location!
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Additional Information
- Taxes
- $1,247
- Net Operating Income
- $61,273
- Cap Rate
- 7.52
- Units
- 3
- Flooring
- Ceramic Tile
- Parking Features
- Paved, On Street
- Construction
- Block, Painted
- Roofing
- Composition
- Cooling
- Electric, Ceiling Fan(s)
- Heating
- Electric
- Community Features
- No Pool
- Electric
- APS
- Water
- City Franchise
- Tenant Pays
- See Remarks
- New Financing
- VA Loan, FHA, Conventional, Cash
- Elementary School
- William T Machan Elementary School
- Middle School
- William T Machan Elementary School
- High School
- Camelback High School
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Listing courtesy of Barrett Real Estate.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.