6739 N 61st Avenue, Glendale, AZ 85301
- $675,000
- 8
- BD
- 4
- BA
- List Price
- $675,000
- Days on Market
- 129
- Status
- ACTIVE
- MLS#
- 7023263
- City
- Glendale
- Bedrooms
- 8
- Bathrooms
- 4
- Subdivision
- Orchard Add Blk 20-21-22 38-39-40 Amd
- Year Built
- 1973
Property Description
Positioned minutes from Historic Downtown Glendale, this four-unit property offers strong in-place cash flow with clear upside in a character-rich submarket. The asset features a front single-family home and rear triplex, creating a diversified income stream. All units are single-story with washer/dryer hookups, functional layouts, and private patios, supporting tenant retention. Current gross income is $4,335/month, with triplex units averaging ~$1,030 and the front home at $1,250. Market comps support rent growth to $1,200-$1,250 (triplex) and $1,300-$1,375 (house), providing a clear path to increased NOI. Located near Downtown Glendale, Murphy Park, and Westgate Entertainment District, the property benefits from strong tenant demand and long-term growth potential.
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Additional Information
- Community Features
- Other
- Construction
- Wood Frame, Painted, Stucco
- Cooling
- Central Air
- Electric
- SRP
- Heating
- Forced Air
- New Financing
- VA Loan, FHA, Conventional, 1031 Exchange, Other (See Remarks), Cash
- Parking Features
- On Street, >1 Space Per Unit, RV Access/Parking
- Roofing
- Composition
- Subdivision
- Orchard Add Blk 20-21-22 38-39-40 Amd
- Taxes
- $1,457
- Tax Year
- 2025
- Tenant Pays
- Electricity
- Units
- 4
- Water
- City Franchise
- Zoning
- R-3
Courtesy of Orion Investment Real Estate. 480-634-6934
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