4515 N 14TH Place, Phoenix, AZ 85014 (MLS# 6988580)

4515 N 14TH Place, Phoenix, AZ 85014

$985,000

Property Type: Multiple Dwellings Status: Active

Current Price: $985,000 Last Modified: 4/18/2026

Overview

Description

Turn-key Central Phoenix triplex comprised of two buildings with separate addresses. Front building (4515) is 2018 new construction featuring Unit A (1bd/1ba) and Unit B (2bd/1ba), each with private yard and dedicated parking. Rear residence (4513) is a freestanding 2bd/1ba home fully renovated to the studs in 2016 with gated driveway and four uncovered spaces. All units offer inside laundry and private individual yards. Complete foam roof recoated and full exterior painted in 2020. No HOA. Stabilized asset in a strong Uptown rental corridor with long-term appreciation potential. Strong tenant base. Tenants pay own electric.

Listing Details MLS# 6988580

Location, Tax & Legal

House Number: 4515
Compass: N
Street Name: 14TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4210
County Code: Maricopa
Subdivision: VICTOR PARK
Assessor Number: 155-02-037
Tax Year: 2025
Assessor's Map #: 2
Legal Description (Abbrev): VICTOR PARK
Assessor's Parcel #: 37
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108602
Taxes: 3513
Legal: LOT 26 VICTOR PARK MCR
Marketing Name: 4514 N 14th Place

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 8299SF
Year Built: 1948
Uncvrd Parking Spcs: 7
Total # of Units: 3
# of Buildings: 2
Zoning: R4
Flood Zone: No
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison #1 Elementary School
Jr. High School: Madison #1 Elementary School
High School: North High School

Remarks Misc

Cross Street: N 16th Street & E Campbell Avenue
Directions: Head west on E Campbell Avenue (0.2 mi). Head north onto N 14th Place. Property is 3rd on east side of street.

Legal Info

Township: 2N
Range: 3E
Section: 21
Lot Number: 26

Income Expenses

Gross Annual Sch Inc: 61500
Net Operating Income: 44535

More Information

Showing Notification Methods

Showing Service: No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg Rent: 1625
Avg SqFt: 700
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1750
Avg SqFt: 1000
# Baths: Yes

3 Bedrooms Units

# Baths: Yes
Avg Rent: 0

Project Type

Tri-Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Wood Siding: Yes

Roofing

Foam: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Ins Exp: 2914
Annual Landscape Exp: 2450
Annual Maint Exp: 4866
Annual Wtr/Swr Exp: 2192
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 4540
Operating Exp: 20475
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 61500
Total Monthly Rental Income: 5125

Pmt & Rate Info

Cap Rate: 4.52
Equity: 985000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes
See Remarks: Yes

Heating

Electric: Yes
Individual: Yes
Central: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes
Window/Wall Unit: Yes
Individual: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes
Cable TV Available: Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

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

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes
>1 Space Per Unit: Yes
Assigned: Yes

Electric

APS: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
Conventional: Yes
No Carry: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Tri-Plex Construction: Wood Frame Const - Finish: Wood Siding Roofing: Foam Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool; See Remarks Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual; Central Cooling: Ceiling Fan(s); Electric; Window/Wall Unit; Individual; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS Gas: None Parking Features: On Street; >1 Space Per Unit; Assigned Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 2nd Loan: Treat as Free&Clear Existing 3rd Loan: Treat as Free&Clear New Financing: Cash; Conventional; No Carry Environmental: None

Listing Office: Cambridge Properties

Last Updated: April - 18 - 2026