4701 N 23rd Dr

$719,900
Price
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Beds
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Baths
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Description

Excellent investment property in the heart of Central Phoenix! Located at 4701 N 23rd Dr, Phoenix AZ 85015, this well-maintained triplex features three 2-bedroom, 2-bath units (approx. 996 sq ft each), each individually metered so tenants pay their own utilities. Built in 1985, the property is turnkey and fully occupied with reliable long-term tenants, offering steady cash flow and low owner expenses. Situated near I-17, major employers, dining, and shopping, this multi-unit rental is zoned R-3 and...Excellent investment property in the heart of Central Phoenix! Located at 4701 N 23rd Dr, Phoenix AZ 85015, this well-maintained triplex features three 2-bedroom, 2-bath units (approx. 996 sq ft each), each individually metered so tenants pay their own utilities. Built in 1985, the property is turnkey and fully occupied with reliable long-term tenants, offering steady cash flow and low owner expenses. Situated near I-17, major employers, dining, and shopping, this multi-unit rental is zoned R-3 and positioned for continued growth in the desirable 85015 area. A smart choice for any investor seeking income potential in the Phoenix rental market.

Property Details for 4701 North 23rd Drive

Subdivision Name
NICELY PLACE
View YN
No
Zoning
R-3
LISTING UPDATED: 10/30/2025 12:13 PM

Property Details for 4701 North 23rd Drive

StatusActive
MLS #6816622
Days on Market319
Taxes$1,728 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiple Dwellings
Year Built1985
Lot Size0.26 AC / 11,378 SF
CountyMaricopa County

Location

Listing Courtesy of RE/MAX Desert Showcase
Add your commute

Building Information for 4701 North 23rd Drive

Stories-Residences3Year Built1985Building Size-Lot Size0.26 AC / 11,378 SF

Payment Calculator

$3,701 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,557

Property Taxes

$144

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4701 North 23rd Drive

Summary
Location and General Information
  • Unparsed Address: 4701 N 23RD Drive, Phoenix, AZ 85015
  • City: Phoenix
  • Coordinates: -112.109185, 33.506106
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: 23rd Ave and Highland Ave
  • Directions: Located north of Indian School Rd, south of Camelback Rd. From 23rd Ave, head west on Highland Ave. The property is on the northeast corner of 23rd Dr and Highland Ave.
  • Latitude: 33.506106
  • Longitude: -112.109185
  • Postal City: Phoenix
  • Postal Code: 85015
  • Postal Code Plus4: 3486
  • State Or Province: AZ
  • Street Suffix: Drive
  • Year Built: 1,985
Taxes and HOA
  • Tax Annual Amount: $1,728.00
  • Tax Book Number: 154.00
  • Tax Legal Description: LOT 8 NICELY PLACE MCR 003924
  • Tax Lot: 8
  • Tax Parcel Letter: A
  • Tax Year: 2,024
Parking
  • Covered Spaces: 0
  • Garage YN: No
  • Open Parking Spaces: 6
  • Open Parking YN: Yes
  • Parking Features: 1 Space/Unit
  • Parking Total: 6
School Information
  • Elementary School: Westwood Elementary School
  • Elementary School District: Alhambra Elementary District
  • High School: Alhambra High School
  • High School District: Phoenix Union High School District
  • Middle Or Junior School: Alhambra Traditional School
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: 11,378
  • Lot Size Square Feet: 0.0
Property and Assessments
  • Disclosures: None
  • Documents Change Timestamp: 02-06-2025 02:14:23 PM
  • Documents Count: 0
  • Ownership: Fee Simple
  • Parcel Number: 15403008A
  • Property Type: Multiple Dwellings
  • Public Survey Range: 2E
  • Public Survey Section: 24
  • Public Survey Township: 2N
  • Road Surface Type: Asphalt
Utilities
  • Electric: SRP
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Water Source: City Franchise
Interior and Exterior Features
Exterior Features
  • Community Features: No Pool
  • Construction Materials: Painted, Stucco, Block
  • Number Of Buildings: 1
  • Number Of Units Total: 3
  • Roof: Rolled/Hot Mop
Interior Features
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Integer: 0
  • Cooling: Central Air
  • Cooling YN: Yes
  • Flooring: Ceramic Tile
  • Heating: Heat Pump, Electric
  • Heating YN: Yes
Multi Family
Income & Expenses
  • Gross Income: $36,000.00
  • Gross Scheduled Income: $36,000.00
  • Net Operating Income: $3,000.00
  • Operating Expense: $4,728.00
  • Other Expense: $3,000.00

Property History for 4701 North 23rd Drive

DateEvent & SourcePriceAppreciation
Oct 7, 2025

Price Change

ARMLS #6816622

$719,900—
Sep 18, 2025

Price Change

ARMLS #6816622

$720,000—
Jul 11, 2025

Price Change

ARMLS #6816622

$719,900—
Apr 24, 2025

Price Change

ARMLS #6816622

$720,000—
Apr 2, 2025

Price Change

ARMLS #6816622

$749,900—
Feb 7, 2025

Listed (Active)

ARMLS #6816622

$750,000—
DateEvent & SourcePrice
10/07/2025

Price Change

ARMLS #6816622

$719,900
09/18/2025

Price Change

ARMLS #6816622

$720,000
07/11/2025

Price Change

ARMLS #6816622

$719,900
04/24/2025

Price Change

ARMLS #6816622

$720,000
04/02/2025

Price Change

ARMLS #6816622

$749,900
02/07/2025

Listed (Active)

ARMLS #6816622

$750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4701 North 23rd Drive

Taxable ValueLand-Additions-Total-
Tax Record2025$1,902 ($159 / month)
Home Facts
Total Finished SqFt2,988 SqFtAbove Grade Finished SqFt2,988 SqFtStories1Lot Size11,378 SqFtStyleTriplexYear Built1985ZoningR-3CountyMARICOPAAPN154-03-008A

Schools near 4701 North 23rd Drive

This home is within Alhambra Elementary District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Westwood Primary School
PublicK to 5

Choice Learning Academy
Public6 to 8

Phoenix Coding Academy
Public9 to 12

Central High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4701 North 23rd Drive is a multi-family home for sale in Phoenix, AZ 85015. This property was listed for sale on February 7, 2025 by RE/MAX Desert Showcase, it's currently listed at $719,900. This listing's school districts are Alhambra Elementary District, Phoenix Union High School District. Nearby schools include Westwood Primary School, Choice Learning Academy and Phoenix Coding Academy. 4701 North 23rd Drive is a 0-bed, 0-bath, multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Desert Showcase

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2025 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.