450 PALM Drive, Wickenburg, AZ 85390

$625,000
Property Type: Multiple Dwellings Status: Active
Current Price: $625,000 Last Modified: 4/25/2026

Overview

Description

Fully rented fourplex in the heart of Wickenburg--an excellent investment opportunity with immediate income potential! Ideally located within walking distance to historic downtown Wickenburg, this property offers convenience to shopping, dining, and local amenities. Each of the four units features 2 bedrooms and 1 bathroom, providing desirable layouts for tenants and strong rental appeal. With all units currently occupied, this is a turnkey income-producing property ready for its next owner. Whether you're looking to expand your portfolio or secure a solid investment in a growing market, this well-located multi-family property is a must-see!

Listing Details MLS# 7003980

Location, Tax & Legal

House Number
450
Street Name
PALM
St Suffix
Drive
City/Town Code
Wickenburg
State/Province
AZ
Zip Code
85390
Zip4
4408
Country
US
County Code
Maricopa
Subdivision
FOX SUB
Assessor Number
505-08-004-E
Tax Year
2025
Assessor's Map #
8
Legal Description (Abbrev)
FOX SUBDIVISION MCR 27/2 PT LOT 4 DAF BEG SWLY COR LOT 4 TH E ALG S LN 80F TPOB NWLY 80F E OF & PAR
Assessor's Parcel #
4
Assessor Parcel Ltr
E
Add'l Parcels
No
Tax Municipality
Wickenburg
Census Tract
40502
Taxes
661
Legal
FOX SUBDIVISION MCR 27/2 PT LOT 4 DAF BEG SWLY COR LOT 4 TH E ALG S LN 80F TPOB NWLY 80F E OF & PAR
Marketing Name
Fourplex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
approx 89' x 111'
Year Built
1986
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
RM-1
Elementary School District
Wickenburg Unified District
High School District
Wickenburg Unified District
Elementary School
Hassayampa Elementary School
Jr. High School
Vulture Peak Middle School
High School
Wickenburg High School

Remarks Misc

Cross Street
Tegner and Palm Drive
Directions
From Tegner West on Palm Drive. Property on right

Legal Info

Township
7N
Range
5W
Section
2
Lot Number
4

Income Expenses

Gross Annual Sch Inc
51000
Net Operating Income
40296

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1062.5
Avg SqFt
720
# Baths
Yes

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes

Floors

Laminate
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Ins Exp
2400
Annual Mgmt Exp
5100
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
8161
Other Income
0
Vacancy Allowance
0.01
Adjusted Gross Inc
50490
Total Monthly Rental Income
4250

Pmt & Rate Info

Cap Rate
6.45
Equity
625000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Forced Air
Yes
Heat Pump
Yes

Cooling

Central Air
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
Conventional
Yes
1031 Exchange
Yes

Existing 1st Loan

Conventional
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Laminate; Carpet Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Appliances Included: Refrigerator; Washer/Dryer Heating: Forced Air; Heat Pump Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: 1 Space/Unit Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional New Financing: Cash; Conventional; 1031 Exchange Environmental: None

Documents

IDX
Listing Office: Arizona Legends Realty
Last Updated: April - 25 - 2026
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