3422 N 12TH Place, Phoenix, AZ 85014 (MLS# 7020709)

3422 N 12TH Place, Phoenix, AZ 85014

$999,999

Property Type: Multiple Dwellings Status: Active

Current Price: $999,999 Last Modified: 5/04/2026

Overview

Description

Huge opportunity to own a 4-plex investment property in a prime location! Situated in the rapidly growing and highly desirable central Phoenix area near the Downtown, Midtown, and Encanto Corridors, this is an exceptional opportunity for long-term wealth creation and strong rental demand. With no HOA fees, operating costs stay lower and returns stronger. The property features four well-maintained units, each offering 974 sq ft with 2 bedrooms and 2 bathrooms. One unit has been recently remodeled, with another currently undergoing renovations. Two units are currently leased below market rents, while two units are vacant during the remodel process, creating immediate upside potential. Strong value-add opportunity with projected rents of $1,450-$1,700 per month based on nearby comparable

Supplements: properties. Centrally located property just minutes from downtown phoenix with convenient freeway access and strong rental potential. Situated in an established neighborhood with a mix of resident and investment properties.

Listing Details MLS# 7020709

Location, Tax & Legal

House Number: 3422
Compass: N
Street Name: 12TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 5158
Country: US
County Code: Maricopa
Subdivision: STEPHENSON SUBDIVISION
Assessor Number: 118-08-137
Tax Year: 2025
Assessor's Map #: 8
Legal Description (Abbrev): STEPHENSON SUB LOT 1 EX W 141.8F TH/OF & EX E 30F TH/OF
Assessor's Parcel #: 137
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 110600
Taxes: 3188
Legal: STEPHENSON SUB LOT 1 EX W 141.8F TH/OF & EX E 30F TH/OF
Marketing Name: 12th Place 4-Plexes

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 60 x 126.8
Year Built: 1983
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: Yes
Zoning: R-4
Flood Zone: No
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Longview Elementary School
Jr. High School: Osborn Middle School
High School: North High School

Remarks Misc

Cross Street: Osborn Road & 7th Street
Directions: Head east on E Osborn Rd toward N 9th Pl. Turn left onto N 12th Pl. Turn left. Turn left. Destination will be on the left.

Legal Info

Township: 2N
Range: 3E
Section: 28
Lot Number: Yes

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

More Information

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1100
Avg SqFt: 974

Contact Info

List Agent Home Phn: 623-826-0980

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Built-Up: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 3188
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Total Monthly Rental Income: 0

Pmt & Rate Info

Down Payment: 0
Equity: 1099000
1st Encumbrance: 0
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes
Other: Yes

Heating

Electric: Yes
Individual: Yes
Central: Yes

Cooling

Central Air: Yes
Electric: Yes
Individual: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes
Built-In Range: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Access Type

Alley: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

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

Parking Features

Carport: Yes
Paved: Yes

Electric

APS: Yes
Underground: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: 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: Stucco Roofing: Built-Up Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool; Other Appliances Included: Built-In Range; Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup Heating: Individual; Central Cooling: Electric; Individual; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Underground; Individual Meter Gas: None Parking Features: Carport; Paved Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Environmental: None

Listing Office: Howe Realty

Last Updated: May - 04 - 2026