746 W Coolidge St. & 915 W Highland Ave. Phoenix, AZ. 85013

Units: 4 + Workshop/Garage

Buildings: 3 buildings / 4 units 

Interior Size: 4,000 SF +/- plus 1,800 SF +/- workshop/garage

Lot Size: Almost 17,557 SF

Zoning: R-3

Year Built: 1949, with several structures from the 1940s

Location: Coveted Uptown Phoenix / 85013 — next to Melrose District & Medlock Place

Opportunity zone: Yes

Price: $999,000

Price/Unit: $249,750/unit

Price/SF: $250/SF

Projected CAP Rate: 6.2 CAP +/-

Projected Monthly Income: $6,400

Projected Annual Income: $76,800

Projected NOI: $61,824

Operating Expenses: 19.5% +/- self-managed

This is the opposite of cookie-cutter.

A rare Uptown Phoenix 4-unit setup with a huge workshop/garage, commercial-grade steel carport, four large storage units, and a 17,557 SF lot running from Coolidge to Highland.

Hard to find around the “7’s” — Camelback / 7th Ave — especially with R-3 zoning, this much land, and no historic district overhang.

846 W Coolidge Duplex:

3BR / 2BA | 1,100 SF +/- | $1,500 rent | 1-year lease expires this summer

Huge studio / 1BR | 700 SF +/- | $800 rent | Month-to-month lease

Middle Unit:

2BR / 1BA | 900 SF +/- | Pro forma $1,500 rent

Vacant and partially remodeled

Attached 1,800 SF +/- workshop/garage with many possibilities, including potential additional unit

915 W Highland Ave:

3BR / 2BA house | 1,250 SF +/- | $1,800 rent | 1-year lease expires this summer

Separate storage/laundry next to the carport

All units have separate electric, tenant-paid.

Owner pays water/sewer.

The long-term owner has completed many significant upgrades over the last several years. There is still value-add upside, but much of the heavy lifting has already been done.

Coveted Uptown Phoenix location in the 85013 zip code, right next to the Melrose District and Medlock Place.

This is a strong central Phoenix pocket with great access to 7th Ave, Camelback, Midtown, Uptown dining, light rail, and surrounding historic neighborhoods — without being under a historic district overhang.

17,557 SF lot

Runs from Coolidge to Highland

R-3 zoning

No historic district overhang

Strong repositioning potential

Possible density upside

Potential to split into two lots

Commercial and/or residential opportunities

This is the part that makes the property especially interesting. The income is solid, but the land, zoning, location, and layout create real optionality.

Rare Uptown Phoenix 4plex+ compound on one lot that runs from Coolidge to Highland.   4 units/3 buildings:

746 W Coolidge W (3 bed/2b) -1150 sf - $1500R); 

746 W Coolidge E (1 bed/Studio - 700 sf - $800R); 

746 W Coolidge Middle House (2 bed/1b - 900 sf - $1500Pro)

& 915 W Highland House (3 bed/2 b - 1250 sf - $1800R). 

17557 sf lot (R3, runs f/ street-to-street). 

BONUS: 1800 +/- sf workshop attached to middle house. Huge commercial-grade steel carport. 4 big storage units. 

Many recent upgrades. Potential to add density or split into two lots (no historic district). Prime location! .5 m to Melrose District; .8 m to Brophy High School; 1.1 m to Uptown Plaza; & 3+ m to Biltmore. Very high long-term upside, with many possibilities. Offered at $999,000, or only $250/SF and $249,750/unit. Unique place!   

Current rents are $1,800, $1,500, and $800, with the remodeled vacant middle unit projected at $1,500 and the workshop/garage/covered parking projected at $800. 

Projected gross income is $6,400/month, or $76,800/year. Using 19.5% expenses, projected NOI is $61,824, or roughly a 6.2 CAP.

Sold as-is. No seller financing. Strong investor interest anticipated — the cleaner the offer, the better.

Please do not disturb the tenants. Buyer to complete and rely on own due diligence.