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1815 E Pueblo Ave - Three on Pueblo 3 Unit Apartment Building Offered at $435,000 at a 5.76% Cap Rate Phoenix, AZ 85040

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EXECUTIVE SUMMARY

Discover an exceptional value-add multifamily opportunity at Three on Pueblo, a well-located triplex just minutes from Downtown Phoenix, major employment hubs, and key freeway connections. This property features two spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, offering a strong foundation for rental growth in one of Phoenix's most active investment corridors. Property Highlights Unit Mix: • (2) Two-Bed / One-Bath Units • (1) One-Bed / One-Bath Unit Current Rents (Significantly Under Market • $900 (2BR) • $850 (2BR) • $725 (1BR) Market Rent Potential: • 1BR: $1,050+ • 2BR: $1,150-$1,195+ Immediate Value-Add: With rents well below market, investors can quickly improve cash flow and property value.
Drive by only all facts and figures are approximate buyer verifyinformation per MLS and other information

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $435,000
Price Per Unit $145,000
Sale Type Investment
Cap Rate 5.76%
Sale Condition 1031 Exchange
No. Units 3
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Garden
Lot Size 0.15 AC
Building Size 1,984 SF
Average Occupancy 100%
No. Stories 1
Year Built 1986
Opportunity Zone Yes

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Dishwasher
  • Disposal
  • Microwave
  • Storage Space
  • Washer/Dryer Hookup
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Dining Room
  • Freezer

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 1 $900.00 -
2+2 2 $850.00 -
  • Listing ID: 38624862

  • Date on Market: 12/2/2025

  • Last Updated:

  • Address: 1815 E Pueblo Ave, Phoenix, AZ 85040

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