2957 E ATLANTA Avenue, Phoenix, AZ 85040
$559,900
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$559,900
Last Modified:
2/23/2026
Description
Excellent investment opportunity in the heart of Phoenix! This well-maintained triplex features three 2-bedroom, 1-bath units, ideally located near public transportation, shopping, dining, and major employment corridors.
Recent capital improvements add strong value and peace of mind for the next owner, including new A/C units in all three units (2024). Unit 2 and Unit 3 received brand-new refrigerators in 2025, and Unit 3 was further upgraded in 2025 with a new water heater, updated flooring, and interior improvements.
All units are currently occupied, providing immediate cash flow. Unit 2 is a Section 8 tenant, offering stable, reliable income. .
More Information MLS# 6965975
Contract Info
Ownership: Fee Simple
Current Price: $559,900
List Price: $559,900
Status: Active
List Date: 2026-01-09
Location, Tax & Legal
Assessor's Map #: 60
Legal Description (Abbrev): WIER ESTATES MCR 35-43 E2 LOT 140 EX 12F RAD CUR IN NE COR TH/OF
Assessor's Parcel #: 88
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 116100
Taxes: 775
Legal: WIER ESTATES MCR 35-43 E2 LOT 140 EX 12F RAD CUR IN NE COR TH/OF
Marketing Name: Atlanta
House Number: 2957
Compass: E
Street Name: ATLANTA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 0758
County Code: Maricopa
Subdivision: WIER ESTATES LOTS 11-32 53-74
Assessor Number: 122-60-088-B
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 118' X 46'
Total # of Units: 3
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Year Built: 1985
Zoning: R-3
Legal Info
Range: 3E
Section: 26
Township: 1N
Lot Number: 140
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Tile: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 775
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 84900
Pmt & Rate Info
Cap Rate: 15.16
Equity: 560000
Down Payment %: 5
Monthly Payments: 3648
Total Owed: 0
Payment Includes
Principal: 1
Taxes: 1
Insurance: 1
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Combo: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Appliances Included
Free-Standing Electric Oven: 1
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Off Street: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
None: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 1458
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1458
Avg SqFt: 709
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: E Southern Ave and E Broadway Road
Directions: Located between major cross streets E Southern Ave and E Broadway Road, on the corner of S 31st street and E Atlanta Ave
Geo Lat: 33.400365
Geo Lon: -112.015733
Income Expenses
Gross Annual Sch Inc: 84900
Net Operating Income: 84900
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Tile
Sale Includes: Building(s) Only
Payment Includes: Principal; Taxes; Insurance
Community Features: No Pool
Appliances Included: Free-Standing Electric Oven; Refrigerator
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Free; Off Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Trash Collection
Source of Fincl Data: Owner
Lockbox Type: Combo
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office:
Real Broker
Last Updated: February - 23 - 2026
Broker Attribution:
stacy@adamsazre.com
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