2832 E LE MARCHE Avenue, Phoenix, AZ 85032 (MLS# 7040397)

2832 E LE MARCHE Avenue, Phoenix, AZ 85032

$610,000

Property Type: Multiple Dwellings Status: Active

Current Price: $610,000 Last Modified: 6/11/2026

Overview

Description

Exceptional fully occupied 4-plex in North Central Phoenix offering a highly desirable unit mix of four 2-bedroom, 2-bath units. Designed for tenant appeal, each residence features spacious modern layouts, private outdoor living areas, full-size kitchen appliances, and in-unit laundry. Three units have been recently renovated with updated flooring, fresh paint, and upgraded bathroom fixtures. Operating expenses are streamlined, with tenants paying their own electricity, water, and cable, while HOA dues cover sewer, trash, landscaping, security services, common area maintenance, and pool amenities. Recent capital improvements--including exterior painting, newer HVAC units, and new water heaters--help minimize future maintenance costs. Ample parking includes four covered spaces per building.

Listing Details MLS# 7040397

Location, Tax & Legal

House Number: 2832
Compass: E
Street Name: LE MARCHE
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 3751
Country: US
County Code: Maricopa
Subdivision: GREENWAY MANOR
Assessor Number: 214-39-047
Tax Year: 2025
Assessor's Map #: 39
Legal Description (Abbrev): LOT 19 GREENWAY MANOR MCR 023347
Assessor's Parcel #: 47
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103306
Taxes: 1394
Legal: LOT 19 GREENWAY MANOR MCR 023347
Marketing Name: Greenway Manor

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 89x55
Year Built: 1982
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: Yes
Zoning: MULTI FAMILY
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Elementary School: Palomino Primary School
High School: Paradise Valley High School

Remarks Misc

Cross Street: GREENWAY & 29TH STREET
Directions: GREENWAY & 29TH STREET Directions: From Greenway go North on 29th street. Left on Marconi into complex. Drive through the gate, then right (north) on 28th place. Building #19 is on the Northeast corner of 28th place and Le Marche.

Legal Info

Township: 3N
Range: 3E
Section: 2
Lot Number: 19

Income Expenses

Gross Annual Sch Inc: 46680
Net Operating Income: 28699

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 975
Avg SqFt: 904
# Baths: 2

Contact Info

List Agent Home Phn: 480-612-3209

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Built-Up: Yes

Floors

Vinyl: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 4269
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 2400
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: Yes
Annual Ownr Asoc Fee: 9576
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 17639
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 46680

Pmt & Rate Info

Cap Rate: 4.7
Down Payment: 0
Equity: 610000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Pool: Yes
Spa(s): Yes
Play Area: Yes
Barbecue: Yes

Heating

Electric: Yes

Cooling

Electric: Yes
Individual: Yes

Exterior Amenities

Patio/Balcony: Yes

Interior Features

Unfurnished: Yes
Vertical Blinds: Yes
Mini Blinds: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes

Electric

APS: Yes

Gas

None: Yes

Owner Pays

Other: Yes
See Remarks: Yes

New Financing

Conventional: Yes
No Carry: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: 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: Vinyl; Carpet Sale Includes: Land & Building Community Features: Pool; Spa(s); Play Area; Barbecue Exterior Amenities: Patio/Balcony Interior Features: Unfurnished; Vertical Blinds; Mini Blinds Appliances Included: Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup Cooling: Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Carport Road Surface Type: Asphalt Owner Pays: Other; See Remarks Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan Terms: Not Applicable New Financing: Conventional; No Carry; 1031 Exchange Environmental: None

Listing Office: My Home Group Real Estate

Last Updated: June - 11 - 2026