Multi-Family for Sale in Phoenix, AZ

Built in 1929, this red brick bungalow-style duplex sits on a +/-7,500 sq ft lot in the Coronado Historic District, a lot size that is larger for the neighbrohood. Two private entrances serve the units independently, one off Monte Vista and one off 12th Street, and three dedicated off-street parking spaces add real value in a neighborhood where not all homes have dedicated parking. The charming bungalow exterior is defined by red brick construction with blonde brick accents above every door and window, a two-tone masonry detail that is period-authentic, architecturally coveted, and simply not found in modern construction. The recently restored historic front porches and stoops are quintessential craftsman bungalow: shaded, welcoming, and conversational. A newer full block wall encloses the rear yard for privacy, while a decorative pony wall along the front gives the property a defined, charming street presence without feeling closed off, and increases privacy. Both units have original tongue-and-groove oak hardwood floors, old-growth wood of a density and warmth that isn't made anymore, a brick fireplace with mantle in the living room, and original wood ceiling height cabinetry in the kitchen. Historic windows are in good condition and bring in generous natural light throughout the day. Each kitchen has a gas range, and each unit includes a dedicated laundry room with built-in shelving and washer and dryer conveying, a walk-in closet, and an en suite full bath. The Monte Vista-facing unit has been recently painted, and custom blackout blinds have been installed in the bedroom for optimized sleeping. The historic sewer line has been replaced with ABS, both units run on heat pump systems with gas packs (one unit replaced in 2018, the other, brand new in 2026) and natural gas is hard-piped to an on-site barbecue accessible to tenants. The lot includes a dedicated pet area and a generous yard suited for gardens, landscaping, or potentially a garage or accessory structure (subject to City of Phoenix and Historic District guidelines). Coronado is one of the most walkable and genuinely friendly neighborhoods in the Phoenix metro, the kind of place where people know their neighbors and actually use their front porches. Located about two miles north of Downtown Phoenix, the neighborhood draws people who want to walk to dinner, bike to work, and feel rooted in a real community. The dining scene continues to grow, as well. Dahlia Tapas, Chop Shop, and Sophia's, are all newer neighborhood hot spots, and Ollie Vaughn's, Cielo Rojo, The Coronado PHX, and Guanaquito remain established neighborhood anchors. Coronado Park, with its community pool, tennis, basketball, and softball field, is right on 12th Street and Palm Lane. Safeway and Banner-University Medical Center Phoenix are nearby on McDowell Road, and Roosevelt Row and Valley Metro Light Rail are a bike ride away. Unit 1 (12th Street entrance) is 608 sq ft, one bedroom, one full bath, currently leased month-to-month at $1,350/month. Unit 2 (Monte Vista entrance) is 608 sq ft, one bedroom, one full bath, vacant, recently painted with custom blackout blinds, and available at current market rates of $1,450-$1,550/month. Estimated gross monthly income for the property is approximately $3,000/month.