$845,000

100% occupied - immediate income from all three residences Three-unit property - two three-bedroom units plus one casita $4,995 in total scheduled monthly income $19,219.29 in seller-reported recent improvements New 125-amp electrical panel and service upgrades Updated kitchens and bathrooms with attractive finishes Interior paint, doors, hardware, lighting and ceiling-fan improvements Individual washer and dryer in each… Read More unit Private residential setting with a shared BBQ and gathering area Strong North Phoenix location with established rental demand R-3 zoning on approximately 13,375 square feet of land Turnkey investment opportunity offering current stability and long-term potential Welcome to 316-322 E Vogel Ave, a fully occupied North Phoenix triplex offering immediate income, a desirable residential layout and substantial recent improvements. The property consists of two spacious three-bedroom residences plus one casita, providing a diversified unit mix that appeals to a broad tenant base. The current rent roll reflects $4,745 in monthly base rent plus $250 in utility and pet fees, producing total scheduled income of $4,995 per month, or $59,940 annually. All three residences are currently occupied, allowing an investor to acquire an income-producing property without an initial lease-up period. PROPERTY HIGHLIGHTS " Fully occupied three-unit investment " Two three-bedroom residences plus one casita " Approximately 3,691 square feet of building area " Approximately 13,375 square feet of land " R-3 multifamily residential zoning " Individual residential buildings offering tenants added privacy " Individual laundry facilities " Shared outdoor BBQ and gathering area " Convenient North Phoenix location within the 85020 ZIP code RECENT PROPERTY IMPROVEMENTS The most recent seller-provided capital-improvements summary reports $19,219.29 in repairs and upgrades. Improvements include: " New 125-amp electrical panel and electrical-service improvements " Interior repairs, texture and two-tone paint " Interior doors, closet doors, locks and hardware " Window repairs and replacement blinds " Kitchen cabinet refinishing, faucets, hardware and related improvements " Bathroom mirrors, accessories, fixtures and tub refinishing " Updated lighting and ceiling fans " Smoke and carbon-monoxide detectors " Garage motor and remote replacement " Sliding-door and closet improvements " General cleaning, safety and property-condition improvements The residences also feature updated kitchens and bathrooms, modern appliances, refreshed interiors and a combination of attractive tile and updated flooring. OUTDOOR AND STORAGE FEATURES A shared outdoor BBQ and gathering area provides residents with a comfortable space to relax and enjoy Arizona's outdoor lifestyle. Mature trees, shaded areas, brick walkways and low-maintenance landscaping contribute to the property's residential character. The property also includes two large gray storage sheds behind the casita and one permanent storage structure. These structures may provide additional storage utility or potential ancillary income, subject to buyer verification, lease terms and applicable municipal requirements. Seller has indicated that stored contents will be removed before closing. INVESTMENT OPPORTUNITY 316-322 E Vogel Ave combines full occupancy, three separate living environments, an established income stream and recent capital improvements. The mix of two three-bedroom units and one casita provides diversification while the separate-building configuration offers residents privacy that is uncommon in many small multifamily properties. This property may be well suited for an investor seeking an occupied North Phoenix multifamily asset with recent improvements and long-term income potential. Buyer to independently verify the rent roll, leases, income, expenses, improvements, permits, storage uses, property condition and all other facts and figures. Read Less

Courtesy of Gerchick Real Estate 602-688-9279

Listing Snapshot

Days Online

363

Last Updated

Oct 15, 2026

Beds

Year Built

1939

MLS Number

6935184

Additional Details

Property Access

Road Surface: Asphalt

Appliances & Equipment

Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup

Building

Built in 1939, 3 buildings, Construction Materials: Wood Frame, Siding, Painted, Brick

Community

Barbecue, No Pool

Cooling

Ceiling Fan(s), Heat Pump, Varies by Unit

Disclosures

Other (See Remarks), Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop

Expenses

Gardener: $600, Insurance: $3,285, Maintenance: $750, Operating: $18,529, Water/Sewer: $3,600

Floors

Carpet, Ceramic Tile

Heating

Varies by Unit, Heat Pump, Electric

Income

Gross Income: $2,619, Gross ScheduledIncome: $59,940, Net Operating Income: $48,191

Lot

Dimensions: irr

Owner Pays

Gas, Trash Collection, Water, Sewer, Landscaping

Parking

7 open parking spaces, 7 total parking spaces, Paved, Free, Add'l Parking Avail, >1 Space Per Unit, On Street

Roof

Composition

Security Features

Security Light(s)

Sewer

Public Sewer

Taxes

Additional parcels description:, Parcel Number: 159-45-070, Public Survey Range: 3E, Public Survey Section: 29, Annual Amount: $6,958, Tax Book Number: 159.00, Legal Description: TENGEN PLACE ADD PT LOT 4 BLK F W 98.82', Lot: 4, Year: 2025, Zoning: [R-3] Multiple

Utilities

Water Source: Individual Meter, City Franchise, APS, Individual Meter

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