7549 N 21ST Avenue, Phoenix, AZ 85021

$790,000

Property Type: Multiple Dwellings Status: Active

Current Price: $790,000 Last Modified: 7/25/2026

Overview

Description

Discover an exceptional investment opportunity in the heart of Central Phoenix! This well-maintained four-plex, built in 2003, features four identical 2-bedroom, 1-bath units, each offering approximately 797 sq ft of thoughtfully designed living space. Inside, each unit showcases modern kitchens with built-in appliances and wood cabinetry. A soothing color palette and durable tile flooring create a clean, cohesive look that appeals to long-term tenants. The property also offers ample on-site parking and easy-care desert landscaping, making it simple to maintain. Ideally located just minutes from the light rail, schools, shopping, popular dining, and major freeways, this property delivers both convenience and strong rental demand. Owner currently pays water, sewer, and trash, while . . .

Supplements: Tenants pay electricity, keeping operating expenses predictable. This is a rare chance to secure immediate cash flow with excellent future value in one of Phoenix's most sought-after rental markets. Drive-by only, please do not disturb tenants. No sign on the property.

Listing Details MLS# 6951436

Location, Tax & Legal

House Number: 7549
Compass: N
Street Name: 21ST
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 6890
Country: US
County Code: Maricopa
Subdivision: MORTEN AVENUE ESTATES
Assessor Number: 157-19-118
Tax Year: 2025
Assessor's Map #: 19
Legal Description (Abbrev): LOT 3 MORTEN AVENUE ESTATES MCR 062029
Assessor's Parcel #: 118
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 106002
Taxes: 2490
Legal: LOT 3 MORTEN AVENUE ESTATES MCR 062029
Marketing Name: Morten Avenue Estates

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 10639
Year Built: 2003
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: Yes
Zoning: R-3
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Orangewood School
Jr. High School: Orangewood School
High School: Washington High School

Remarks Misc

Cross Street: 21st Avenue and Northern
Directions: West on Northern to 21st Avenue, South to the property on the East side of 21st Avenue

Legal Info

Township: 2N
Range: 2E
Section: Yes
Lot Number: 3

Income Expenses

Gross Annual Sch Inc: 64344.68
Net Operating Income: 9483.37

More Information

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes
Phone Call: Yes

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1316.25
Avg SqFt: 797
# Baths: Yes

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Tile: Yes

Sale Includes

Building(s) Only: Yes

Income & Expenses

Annual Elec Exp: 345.84
Annual Gas Exp: 0
Annual Ins Exp: 2001
Annual Land Lse Exp: 0
Annual Legal & Acctg: 2565.31
Annual Wtr/Swr Exp: 3335.62
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 5618.68
Operating Exp: 16356.45
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 64344.68
Total Monthly Rental Income: 5265

Pmt & Rate Info

Cap Rate: 1.2
Equity: 790000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

See Private Remarks: Yes
None: Yes

Community Features

No Pool: Yes

Heating

Heat Pump: Yes
Electric: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes

Exterior Amenities

Desert Landscaping: Yes
Cable TV Available: Yes
Sidewalk(s): Yes

Interior Features

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

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Built-In Electric Oven: Yes
Dishwasher: Yes
Refrigerator: Yes
Washer/Dryer: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

Private Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

<1 Space Per Unit: Yes
Paved: Yes
Assigned: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

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

New Financing

Cash: Yes
Conventional: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: 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: Painted; Stucco Roofing: Composition Floors: Tile Sale Includes: Building(s) Only Community Features: No Pool Exterior Amenities: Desert Landscaping; Cable TV Available; Sidewalk(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Built-In Electric Oven; Refrigerator; Dishwasher; Washer/Dryer Heating: Heat Pump Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP Gas: None Parking Features: <1 Space Per Unit; Assigned; Paved Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: Private Maintained Road Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: See Private Remarks; None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; 1031 Exchange Environmental: None

Listing Office: AZ Flat Fee

Last Updated: July - 25 - 2026