1950 E YALE Street, Phoenix, AZ 85006
$850,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$850,000
Last Modified:
2/14/2026
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.
Supplements: 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!
More Information MLS# 6984600
Contract Info
Ownership: Fee Simple
Current Price: $850,000
List Price: $850,000
Status: Active
List Date: 2026-02-13
Location, Tax & Legal
Assessor's Map #: 6
Legal Description (Abbrev): E 130F NE4 NE4 SE4 NW4 EX N 160F & EX W 50F OF S 140F OF E 130F & EX S & E 25F RDS
Assessor's Parcel #: 112
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111602
Taxes: 1247
Legal: E 130F NE4 NE4 SE4 NW4 EX N 160F & EX W 50F OF S 140F OF E 130F & EX S & E 25F RDS
Marketing Name: GREENFIELD ACRE
House Number: 1950
Compass: E
Street Name: YALE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1571
County Code: Maricopa
Assessor Number: 117-06-112-A
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 8468
Total # of Units: 3
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: William T Machan Elementary School
Jr. High School: William T Machan Elementary School
High School: Camelback High School
Year Built: 1961
Legal Info
Range: 3E
Section: 34
Township: 2N
Lot Number: 123
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1247
Other Income: 0
Vacancy Allowance: 0
Pmt & Rate Info
Cap Rate: 7.21
Equity: 850000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Patio/Balcony: 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Other: 1
See Remarks: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Conventional: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
Other (See Remarks): 1
Efficiency Units
# Efficiency Units: 3
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1650
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1910
Avg SqFt: 950
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: THOMAS AND 20TH ST
Directions: SOUTH ON 20TH ST WEST ON YALE PROPERTY ON NORTHWEST CORNER BEFORE FREEWAY.
Geo Lat: 33.476014
Geo Lon: -112.039133
Income Expenses
Gross Annual Sch Inc: 62520
Net Operating Income: 61273
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony
Appliances Included: Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street; Paved
Road Surface Type: Asphalt
Owner Pays: Other; See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Owner
Lockbox Type: Supra
Existing 1st Loan: Conventional
New Financing: Cash; VA; FHA; Conventional
Environmental: Other (See Remarks)
Listing Office:
Barrett Real Estate
Last Updated: February - 14 - 2026
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