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Fully renovated and fully furnished, this turnkey 3-unit short-term rental in Downtown Phoenix offers strong, documented cash flow and an impressive 4.8+ star Airbnb rating. The asset generated $119,442 in gross revenue in 2024 and $103,198 in 2025, with a two-year average revenue of approximately $111,320, producing operating income of $62,272 in 2024 and $53,719 in 2025, for a two-year average NOI of roughly $57,996--reflecting strong operating margins of about 52%. This is a stabilized, high-margin hospitality investment ideal for investors seeking immediate cash flow, experienced short-term rental operators expanding their portfolio, or buyers looking for a prime-location income property in one of Arizona's fastest-growing urban markets. The property located in a high-demand area of Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, Van Buren.
The property features one 2-bed/1-bath unit, one 1-bed/1-bath unit, and a private studio--each with its own kitchen, full bath, and separate entrance - providing three independent income streams under one roof.
A separate laundry room and storage shed support efficient operations for guests and cleaning staff, while the fenced common courtyard with grill, fire pit, lounge seating, and hammock enhances guest experience and occupancy appeal.
#7087258

Phoenix

1515 W TONTO Street

None Beds

None Baths

N/A

$619,000

MLS#: 7087258

This well-maintained home features dual-pane low-E windows, custom interior and exterior paint, and a gourmet kitchen equipped with granite counter tops, stainless steel appliances, and designer cabinetry. Thoughtful finishes like brushed nickel hardware, modern light fixtures, and ceiling fans add style and comfort throughout. The backyard offers a low-maintenance design with a grassy area and irrigation, perfect for easy outdoor living. Conveniently located near schools, parks, and shopping, this home offers both comfort and accessibility.
#7083193

Tempe

6103 S College Avenue

3 Beds

2 Baths

1,308 Sq.Ft.

$2,250

MLS#: 7083193

Enjoy wide-open desert surroundings and beautiful mountain views from this 1.15-acre parcel in Surprise. This level residential lot offers plenty of room to bring your plans to life, with RU-43 rural zoning and no HOA adding flexibility. The open setting captures expansive Arizona skies, natural desert scenery, and impressive mountain views, while established properties nearby provide a sense of the surrounding area. Convenient road access and proximity to Surprise amenities make this a great opportunity to create your own desert retreat with space to spread out. Buyer to verify zoning, utilities, access, building requirements, and all material facts.
#7088578

Surprise

19xxx W Belinda Lane -

None Beds

None Baths

1.15 acres

$120,000

MLS#: 7088578

RARE FIND! NEW RIVER LOT WITH SHARED WELL & PANORAMIC MOUNTAIN VIEWS! Welcome to Wander Rd, Lot 3 - An Incredible opportunity to own an individual lot in the rolling hills of New River with jaw dropping mountain views. Seller has improved the road leading to the property and cut in physical access - with DRIVEWAYS CURRENTLY VISIBLE at the lots. Zoned R-43. BUILD READY! SHARED WELL was drilled & ALL LOTS HAVE ACCESS! Bring your trucks, toys, horses, animals, or RV's - NO HOA! Enjoy the freedom to build your dream desert retreat. Easy access to I-17 and just minutes from Lake Pleasant and expansive public lands. Easy access to nearby dining and stores. Rural living, but close to EVERYTHING YOU NEED! Opportunities like this are hard to find - READY TO BUILD YOUR NEW RIVER DREAM?
#7088166

New River

0 W Wander Road Lot 3

None Beds

None Baths

1.25 acres

$168,500

MLS#: 7088166

Listing includes three lots 3815,3825 & 3835 N Palm Drive. Oversized corner parcel with one new custom home neighbor to west. Located in the peaceful neighborhood of Toltec. Large multi unit or apartment complex permitted. Plenty room to build ranch if desired. Perfect for circular driveway to both streets. One acre lots simply don't exist in area, all single lots remaining on this street. Get in early to take advantage of new construction area.
#7088544

Eloy

3815 N Palm Circle 9

None Beds

None Baths

1.05 acres

$65,000

MLS#: 7088544

Please note- seller has lowered the price several times and are now firm at the asking price. This vacant lot offers an excellent opportunity to build your future home or make a smart investment. Situated in a desirable neighborhood, the property features 10 acres with wooded terrain. Enjoy a peaceful setting while remaining conveniently located near shopping, dining, schools, and major highways, providing easy access to city amenities. Whether you're looking for a private retreat, a development opportunity, or a long-term investment, this lot provides the flexibility and location to suit your needs.
#7088179

Concho

29 County Rd N 8495 -- -

None Beds

None Baths

10.0 acres

$49,999

MLS#: 7088179

Tucked behind a gated entrance in Mesa's sought-after citrus belt, this private single-level custom estate offers more than two flood-irrigable acres designed for gracious living, memorable entertaining and remarkable flexibility. A circular drive sets the tone on arrival, framed by mature landscaping that creates shade, privacy and a sense of separation from the city beyond.
Inside, craftsmanship takes center stage. Custom wood beams with substantial corbels, tray and box-ceiling details, hardwood and terra-cotta tile floors, stonework, tailored drapery and window treatments give the interiors warmth and distinction. Four gas fireplaces with custom surrounds add character throughout, while custom cabinetry brings continuity to the home's generous living and gathering spaces.  MORE.... The kitchen combines timeless finishes with serious capability, featuring a Sub-Zero refrigerator, Café gas cooktop, double ovens and abundant custom cabinetry. A dedicated office and flexible rooms offer space for work, guests, fitness, media, creative pursuits or changing needs without disrupting the home's primary living areas.

Outdoor living unfolds around the private pool and expansive landscaped grounds, with room for gardens, recreation, entertaining and future personalization. A four-car garage and additional vehicle accommodations create valuable flexibility for an automobile collection, recreational equipment or substantial storage. Nearby Falcon Field and convenient access to major transportation routes connect the estate with destinations throughout the Valley and beyond.

For those drawn to equestrian living, the property is not simply horse-capable--it is already functioning as a horse property. A covered stable structure, established turnout and additional open equestrian areas are thoughtfully positioned apart from the residence, allowing the estate and horse facilities to operate comfortably together. Yet the equestrian component remains only one possibility within a property designed to evolve around its next owner's vision.

Private, adaptable and rich in custom detail, this distinctive East Mesa estate offers the rare freedom to live, host, collect, create and customize on a grander scale.
#7075899

Mesa

3803 E HUBER Street

5 Beds

5 Baths

5,479 Sq.Ft.

$2,650,000

MLS#: 7075899

RARE FIND! NEW RIVER LOT WITH SHARED WELL & PANORAMIC MOUNTAIN VIEWS! Welcome to Wander Rd, Lot 1 - An Incredible opportunity to own an individual lot in the rolling hills of New River with jaw dropping mountain views. Seller has improved the road leading to the property and cut in physical access - with DRIVEWAYS CURRENTLY VISIBLE at the lots. Zoned R-43. BUILD READY! SHARED WELL was drilled & ALL LOTS HAVE ACCESS! Bring your trucks, toys, horses, animals, or RV's - NO HOA! Enjoy the freedom to build your dream desert retreat. Easy access to I-17 and just minutes from Lake Pleasant and expansive public lands. Easy access to nearby dining and stores. Rural living, but close to EVERYTHING YOU NEED! Opportunities like this are hard to find - READY TO BUILD YOUR NEW RIVER DREAM?
#7088170

New River

0 W Wander Road Lot 1

None Beds

None Baths

1.25 acres

$168,500

MLS#: 7088170

RARE FIND! 1.25 ACRE PARCEL with ONE-OF-A-KIND Mountain Views and Mountain Backdrop! Property borders STATE LAND and is EXTREMELY PRIVATE. Elevated Parcel with views of the Goldfield Mountains, Bulldog Canyon, Saddle Rock Mountain, and City Lights. NO HOA! Property HAS ACCESS TO SHARED WELL. Property Owner installed multiple culverts for drainage. House Pad is visible. Perfect for those who love the outdoors! You are +/- 1/2 mile away from Tonto National Forest. Enjoy Hiking, Horse Trails, Outdoor Adventures, and more! Easy drive to Canyon Lake and only 45 min to Sky Harbor Airport. BOUNDARY SURVEY AVAILABLE. Ready for your Custom Arizona dream home! Welcome to Apache Junction!
#7088163

Apache Junction

0 N CORTEZ Road Lot 1

None Beds

None Baths

1.25 acres

$265,000

MLS#: 7088163

High value proposition with location, zoning, and access upside. Strategic location near I-10 with access to Phoenix & Tucson. Zoned for industrial/light commercial uses. Utilities on site. Located in a strong growth corridor in Pinal County, Ideal for logistics, manufacturing, or storage/parking. Flat, developable parcel with existing curbing at driveway. Located in an opportunity zone.
#7088419

Eloy

406 S SUNSHINE Boulevard 1

None Beds

None Baths

0.88 acres

$275,000

MLS#: 7088419

Lot 75 in Walden Village. This beautiful property offers a combination of flat, usable land and gently sloping terrain, making it ideal for your dream home, hobby ranch, or weekend retreat. Enjoy stunning panoramic views with the freedom of no HOA and horse-friendly zoning. Electric service is nearby, and a water main runs along the road, with hookup available through the local water co-op, making development even more convenient. Zoning allows for both site-built and manufactured homes, giving you flexibility to build the way you want. Bring your RV, ATVs, horses, and all your outdoor toys--there's plenty of room to spread out and enjoy country living. Experience the peace and privacy of rural Arizona while remaining just 30 minutes from Prescott, where you'll find shopping, dining entertainment, and medical services.
#7088343

Wilhoit

8095 W BARRINGTON Road 75

None Beds

None Baths

2.1 acres

$55,000

MLS#: 7088343

3525 W Calavar Rd offers a well-located, 2,232 SF freestanding medical office building in the heart of Phoenix's Northwest Valley, just one
mile west of I-17 near the northwest corner of Thunderbird Rd and 35th Ave. The asset sits between Honor Health Deer Valley and Banner Thunderbird Medical Center, with close proximity to the I-17. Built in 1982 on a 0.381-acre lot, the building retains a functional clinical
buildout -- exam rooms, private offices, nurse station, and support space -- along with covered reserved employee parking and dedicated visitor spaces.
#7088446

Phoenix

3525 W CALAVAR Road

None Beds

None Baths

2,242 Sq.Ft.

$658,000

MLS#: 7088446

NO FLOOD AT ALL!!  NO HOA!! Power is across the street at the Nursery! Open Spaces-Fresh Air-Mountain Views and peace and quiet!
Just West of proposed huge masterplanned community named Teravalis look it up! and Just East of the proposed I-11 freeway! Talk about growth potential!!! 5 acres in Maricopa County for less than a hundred grand is unheard of!  Here it is! Sellers will carry a note with 30% down 10% amortized for 15 years with a 5 year balloon. No qualifying! No points & garbage loan fees! Make this yours today!
#7088171

Wittmann

311XX N 307th Avenue 145

None Beds

None Baths

5.0 acres

$89,900

MLS#: 7088171

SELLER FINANCE W/ $5K DOWN + ACCT SET-UP AND CLOSING COSTS, 7-YR LOAN TERM AT 9.99% INTEREST RATE W/PAYMENT OF $248.06 PER MONTH + $19 LOAN PROCESSING FEE & IMPOUNDED PROPERTY TAX. MORE THAN ONE (1.16) ACRE PARCEL LOCATED IN THE BEAUTIFUL HARQUAHALA VALLEY! POWER & PRIVATE WATER CO IN THE AREA. EXCEPTIONAL PANORAMIC VIEWS!! ZONED R-43. MARICOPA COUNTY APN 401-57-153-B.*SELLER WILL CARRY*BUYER TO VERIFY SCHOOLS, ZONING/USE, UTILITIES, ACCESS & ALL PERTINENT INFORMATION*DIRECTIONS: BASELINE RD/543RD AVE - SOUTH ON 543RD AVE, WEST ON WHITE WING, SOUTH ON 544TH AVE (RD IS OVERGROWN). LOT ON EAST SIDE OF RD. DO NOT USE ADDRESS TO LOCATE, USE COUNTY GIS/AERIAL MAPS & GPS COORD 33.366516, -113.222449.
#7088341

Tonopah

8683 S 544TH Avenue -

None Beds

None Baths

1.16 acres

$19,947

MLS#: 7088341

WELCOME TO THE SUN CITY FESTIVAL LIFESTYLE! This inviting Hideaway offers 2 bedrooms & 2 bathrooms, with neutral colors throughout creating a soothing backdrop for your personal style. The kitchen's granite counters add timeless appeal and a welcoming setting for preparing meals or gathering with friends. Comfortable living spaces make it easy to settle in, unwind and enjoy everyday moments, while the extended garage provides extra room for storage and projects. Close to Copper Canyon Golf Club, the Sage Center & Sun City Festival's baseball field, you're conveniently positioned to enjoy recreation and community connections. As the day winds down, savor colors of Arizona sunsets and the relaxed desert lifestyle. From morning coffee to evenings with friends, this is a place to feel at home.
#7087775

Buckeye

27457 W OSPREY Drive

2 Beds

2 Baths

N/A

$434,000

MLS#: 7087775

* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.
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