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6739 N 61st Ave 4 Unit Apartment Building $675,000 ($168,750/Unit) Glendale, AZ 85301
Executive Summary
Positioned just minutes from the heart of Historic Downtown Glendale, this well-located four-unit property offers a compelling blend of immediate cash f low and clear upside potential in one of the West Valley’s most character-rich submarkets.
The asset features a unique layout with a single-family home positioned at the front of the property and a well-balanced triplex in the rear, creating a diversified income stream that appeals to a broad tenant base. All units are single-story with washer and dryer hookups, functional floorplans, and private rear patios, enhancing longterm tenant retention and livability.
Currently, the property is generating $4,335/month in gross income, with triplex units averaging approximately $1,030 for 2-bedroom units and the front house achieving $1,250/month. Based on current market conditions and comparable rentals in the immediate area, there is a clear path to rental growth, with projected rents of $1,200–$1,250 for the triplex units and $1,300–$1,375 for the single-family home, offering investors a strong opportunity to organically increase NOI.
The asset features a unique layout with a single-family home positioned at the front of the property and a well-balanced triplex in the rear, creating a diversified income stream that appeals to a broad tenant base. All units are single-story with washer and dryer hookups, functional floorplans, and private rear patios, enhancing longterm tenant retention and livability.
Currently, the property is generating $4,335/month in gross income, with triplex units averaging approximately $1,030 for 2-bedroom units and the front house achieving $1,250/month. Based on current market conditions and comparable rentals in the immediate area, there is a clear path to rental growth, with projected rents of $1,200–$1,250 for the triplex units and $1,300–$1,375 for the single-family home, offering investors a strong opportunity to organically increase NOI.
Property Facts
| Price | $675,000 | Building Class | C |
| Price Per Unit | $168,750 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 2,875 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2016 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Price | $675,000 |
| Price Per Unit | $168,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,875 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1920/2016 |
| Parking Ratio | 2.5/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 144-10-159 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $10,506 |
Property Taxes
Parcel Number
144-10-159
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$10,506
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6739 N 61st Ave