3020 E YALE Street, Phoenix, AZ 85008

$849,000
Property Type: Multiple Dwellings Status: Active
Current Price: $849,000 Last Modified: 4/21/2026

Overview

Description

Fully renovated and vacant 3-unit apartment community located in the desirable East Phoenix Submarket. Originally built in 1961, the property has undergone comprehensive interior + exterior upgrades, positioning it as a turnkey investment in a strong rental submarket. Interior upgrades include in-unit GE washer/dryer, quartz countertops, laminate wood-style flooring, brand-new shaker-style cabinetry, and walk-in tile showers. Exterior improvements include fresh paint, new asphalt, updated landscaping, and the addition of perimeter fencing and turf, enhancing curb appeal and while minimizing future capital needs. Each unit is currently fully vacant, providing a great opportunity for either an owner-occupant or investor to immediately implement a tailored leasing strategy. Owner/Agent

Listing Details MLS# 7014168

Location, Tax & Legal

House Number
3020
Compass
E
Street Name
YALE
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85008
Zip4
2062
County Code
Maricopa
Subdivision
CARDINAL TRACT
Assessor Number
120-22-005
Tax Year
2025
Assessor's Map #
22
Assessor's Parcel #
5
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
111502
Taxes
1508
Legal
LOT 5 CARDINAL TRACT MCR 006418
Marketing Name
Yal

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
8964 sqft
Year Built
1961
Total # of Units
3
# of Buildings
2
Zoning
R3
Elementary School District
Creighton Elementary District
High School District
Phoenix Union High School District
Elementary School
Monte Vista Elementary School
Jr. High School
Monte Vista Elementary School
High School
Camelback High School
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
Thomas and 32nd St

Legal Info

Township
2N
Range
3E
Section
35
Lot Number
5

Income Expenses

Gross Annual Sch Inc
51300
Net Operating Income
41000

More Information

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Phone Call
Yes

1 Bedroom Units

# 1 Bedroom Units
2
Avg SqFt
700
# Baths
Yes
Avg Rent
0

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg SqFt
1025
# Baths
Yes
Avg Rent
0

Project Type

Tri-Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Concrete
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Ins Exp
2800
Annual Landscape Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual Other Expense
0
Operating Exp
4308
Other Income
2300
Vacancy Allowance
0
Adjusted Gross Inc
53600

Pmt & Rate Info

Cap Rate
4.83
Equity
849000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Lockbox Type

See Private Remarks
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Electric
Yes

Exterior Amenities

Landscape Water System
Yes
Desert Landscaping
Yes
Partially Fenced
Yes
Separate Storage
Yes
Security Light(s)
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Built-In Electric Oven
Yes
Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Built-In Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
On Street
Yes
1 Space/Unit
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Tri-Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Concrete Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping; Partially Fenced; Separate Storage; Security Light(s) Interior Features: Unfurnished Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Natural Gas Cooling: Electric Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: SW Gas Parking Features: Carport; On Street; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Phone Call Lockbox Type: See Private Remarks Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
Listing Office: Matthews Real Estate Investment Services
IDX
Last Updated: April - 21 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.