4349 W KEIM Drive, Glendale, AZ 85301

$639,000
Property Type: Multiple Dwellings Bedrooms: 20 Baths: 8 Status: Active
Current Price: $639,000 Last Modified: 8/01/2026

Overview

Description

Excellent opportunity to own a fully leased 4-unit multifamily property with immediate rental income! This income-producing asset offers stable occupancy, strong investment potential, and a prime Glendale location near schools, shopping, restaurants, entertainment, and major freeway access. Purchase individually or combine with the neighboring fourplex and adjacent vacant land to create a unique investment opportunity with future upside. Package Deal Opportunity: This property is being offered alongside one adjacent fourplex (7061196) and a 1.01 acre land parcel 7061215). Properties are occupied DO NOT Disturb the tenants.

Listing Details MLS# 7061203

Location, Tax & Legal

House Number
4349
Compass
W
Street Name
KEIM
St Suffix
Drive
City/Town Code
Glendale
State/Province
AZ
Zip Code
85301
Country
US
County Code
Maricopa
Assessor Number
146-29-007-C
Tax Year
2025
Assessor's Map #
29
Assessor's Parcel #
7
Assessor Parcel Ltr
C
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Taxes
1883
Tax District
680700
Legal
W 107F OF TH PT SE4 SE4 SEC 9 DAF BEG AT A PT 699.40F W OF NE COR SD SE4 SE4 TH S 130F TH E 231.32F TH N 130F TH W 231
Marketing Name
4349 W Keim Dr

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
99 x 100
Year Built
1964
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
R3
Elementary School District
Alhambra Elementary District
High School District
Phoenix Union High School District
Elementary School
Barcelona Elementary School
Jr. High School
Barcelona Elementary School
High School
Alhambra High School

Remarks Misc

Cross Street
Bethany Home Road and 43rd. Ave
Directions
Located North of Bethany Home road and west of 43rd. Ave.

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
1295
Avg SqFt
836
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1100
Avg SqFt
836
# Baths
Yes

More Information

3 Bedrooms Units

# 3 Bedroom Units
2
Avg Rent
1250
Avg SqFt
836
# Baths
Yes

4 Bedrooms Units

# 4 Bedroom Units
2
Avg Rent
1045
Avg SqFt
836
# Baths
Yes

Structure

Bedrooms Total
20
Bathrooms Total
8

Income Expenses

Gross Annual Sch Inc
56280
Net Operating Income
27177.6

Showing Notification Methods

Showing Service
Aligned Showings

Project Type

Four Plex
Yes

Efficiency Units

Avg Rent
0

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Concrete
Yes
Carpet
Yes

Sale Includes

Building(s) Only
Yes
Land & Building
Yes

Income & Expenses

Annual Elec Exp
420
Annual Gas Exp
0
Annual Ins Exp
1740
Annual Land Lse Exp
0
Annual Landscape Exp
6000
Annual Legal & Acctg
0
Annual Maint Exp
2400
Annual Mgmt Exp
3600
Annual Trash Exp
4800
Annual Wtr/Swr Exp
3600
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
2040
Operating Exp
26483
Other Income
0
Vacancy Allowance
0.08
Adjusted Gross Inc
51777.6
Total Monthly Rental Income
4690

Pmt & Rate Info

Cap Rate
4.25
Down Payment
0
Equity
639000
1st Encumbrance
0
Down Payment %
0
Monthly Payments
0
1st Interest Rate
0
1st Payment
0
2nd Encumbrance
0
2nd Payment
0
2nd Payment Freq
None
3rd Encumbrance
0
3rd Payment
0
3rd Payment Freq
None
Total Owed
0
Assessment Balance
0

Payment Includes

Mrtg Ins (Incl PMI)
Yes

Lockbox Type

See Private Remarks
Yes
None
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Electric
Yes

Exterior Amenities

Green Landscaping
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Dishwasher
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

1031 Exchange
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Concrete; Carpet Sale Includes: Building(s) Only; Land & Building Payment Includes: Mrtg Ins (Incl PMI) Community Features: No Pool Exterior Amenities: Green Landscaping Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Washer/Dryer Heating: Natural Gas Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Projected Proforma Lockbox Type: See Private Remarks; None Existing 1st Loan Terms: Not Applicable Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: 1031 Exchange Environmental: None
IDX
Listing Office: HomeSmart
Last Updated: August - 01 - 2026
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