Unlock exceptional returns with this fully renovated 8-unit luxury multifamily property in thriving Midtown Phoenix. Located minutes from Downtown and the airport, this turnkey investment features high-end finishes, modern, fully furnished units, and a resort-style courtyard with a 6-hole putting green, waterfall, and gated dog play area.
Boasting a 2023 Gross Rental Income of $365,061.50 and a favorable GRM of 9.02, this property offers immediate income and strong future appreciation potential. Positioned in one of Phoenix's most desirable neighborhoods, this gated community is perfect for short-term and long-term tenants, driven by Midtown's vibrant cultural, business, and lifestyle scene. Rare opportunity to acquire a top-performing asset in a high-growth market.
For sale
Price cut: $95K (3/26)
$3,100,000
1538 W Osborn Rd, Phoenix, AZ 85015
4beds
8baths
4,828sqft
Est.:
Multi Family
Built in 1953
-- sqft lot
$-- Zestimate®
$642/sqft
$-- HOA
What's special
Gated dog play areaHigh-end finishesModern fully furnished unitsResort-style courtyard
- 256 days
- on Zillow |
- 294 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: March 25, 2025 at 05:34pm
Listed by:
Arman Shields 602-652-2749,
My Home Group Real Estate
Source: ARMLS,MLS#: 6756497

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 8
Heating
- Individual, Central, Natural Gas
Cooling
- Central Air, Ceiling Fan(s), Individual
Appliances
- Included: Free-Standing Range, Refrigerator, Microwave, Washer/Dryer
Features
- Flooring: Other, Ceramic Tile, Concrete
Interior area
- Total structure area: 4,828
- Total interior livable area: 4,828 sqft
Property
Parking
- Total spaces: 10
- Parking features: Other, On Street, Carport
- Has carport: Yes
- Covered spaces: 8
- Uncovered spaces: 2
Lot
- Size: 0.39 Acres
- Dimensions: 16848
Details
- Parcel number: 11015091
- Zoning: [M-H] MULTI-FAM
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Block
- Roof: Composition
Condition
- Year built: 1953
Utilities & green energy
- Electric: APS, Individual Meter
- Sewer: Public Sewer
- Water: Individual Meter, City Franchise
Community & HOA
Community
- Features: Golf, Other, Barbecue, Shuffle Brd/Lawn Bwl, Play Area
- Subdivision: Encanto Westwood
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $642/sqft
- Tax assessed value: $622,700
- Annual tax amount: $1,391
- Date on market: 9/12/2024
- Listing terms: Conventional,1031 Exchange,FHA,VA Loan
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
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