1950 E YALE Street, Phoenix, AZ 85006 (MLS# 6984600)

1950 E YALE Street, Phoenix, AZ 85006

$840,000

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Property Type: Multiple Dwellings Status: Active

Current Price: $840,000 Last Modified: 6/11/2026

Overview

Description

Excellent investment opportunity in the heart of Phoenix! This centrally located triplex offers strong rental appeal and immediate income potential, as all units are currently fully leased. The property features two units with 2 bedrooms and 1 bathroom, plus a spacious third unit offering 3 bedrooms and 2 bathrooms — ideal for attracting a variety of tenants. Each unit has been thoughtfully updated with modern finishes, including wood-look flooring, neutral color palettes, recessed lighting, and stylish kitchens complete with white shaker cabinetry, quartz countertops, stainless steel appliances, and tile backsplash. Residents enjoy private covered patios, front turf areas, and the convenience of in-unit washer and dryer — features that enhance tenant satisfaction and retention.

Supplements: Situated near major freeways, downtown Phoenix, Chase Field, ASU, Phoenix Children's Hospital, shopping, dining, and public transportation, this property offers both convenience and long-term desirability. Easy to manage and located in a high-demand rental corridor, this is an ideal addition to any investment portfolio. Don't miss this opportunity ... (Read more)

Listing Details MLS# 6984600

Location, Tax & Legal

House Number: 1950
Compass: E
Street Name: YALE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1571
Country: US
County Code: Maricopa
Assessor Number: 117-06-112-A
Tax Year: 2025
Assessor's Map #: 6
Legal Description (Abbrev): E 130F NE4 NE4 SE4 NW4 EX N 160F & EX W 50F OF S 140F OF E 130F & EX S & E 25F RDS
Assessor's Parcel #: 112
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111602
Taxes: 1247
Legal: E 130F NE4 NE4 SE4 NW4 EX N 160F & EX W 50F OF S 140F OF E 130F & EX S & E 25F RDS
Marketing Name: GREENFIELD ACRE

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 8468
Year Built: 1961
Uncvrd Parking Spcs: 5
Total # of Units: 3
# of Buildings: Yes
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: William T Machan Elementary School
Jr. High School: William T Machan Elementary School
High School: Camelback High School

Remarks Misc

Cross Street: THOMAS AND 20TH ST
Directions: SOUTH ON 20TH ST WEST ON YALE PROPERTY ON NORTHWEST CORNER BEFORE FREEWAY.

Legal Info

Township: 2N
Range: 3E
Section: 34
Lot Number: 123

Income Expenses

Gross Annual Sch Inc: 62520
Net Operating Income: 61273

More Information

Showing Notification Methods

Showing Service: Aligned Showings

Efficiency Units

# Efficiency Units: 3
Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1650
Avg SqFt: 750
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1910
Avg SqFt: 950
# Baths: 2

Project Type

Tri-Plex: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1247
Other Income: 0
Vacancy Allowance: 0

Pmt & Rate Info

Cap Rate: 7.21
Equity: 850000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Supra: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes
Patio/Balcony: Yes

Tenant Pays

Other (See Remarks): Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes
Paved: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Other: Yes
See Remarks: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Existing 1st Loan

Conventional: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

Other (See Remarks): Yes

1 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Tri-Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony Appliances Included: Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: On Street; Paved Road Surface Type: Asphalt Owner Pays: Other; See Remarks Tenant Pays: Other (See Remarks) Source of Fincl Data: Owner Lockbox Type: Supra Existing 1st Loan: Conventional New Financing: Cash; VA; FHA; Conventional Environmental: Other (See Remarks)

Listing Office: Barrett Real Estate

Last Updated: June - 11 - 2026