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7549 N 21st Ave
Multi-Family
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$790,000

7549 N 21st Ave, Phoenix

34% below median
8 bd·4 ba·0 sqft
Built 2003Alhambra

7549 N 21st Ave, Phoenix, AZ

8 bd · 4 ba · 0 sqft Multi-Family listed at $790,000, built in 2003 in the Alhambra neighborhood.

About this home

Discover an exceptional investment opportunity in the heart of Central Phoenix! This well-maintained four-plex, built in 2003, features four identical 2-bedroom, 1-bath units, each offering approximately 797 sq ft of thoughtfully designed living space. Inside, each unit showcases modern kitchens with built-in appliances and wood cabinetry. A soothing color palette and durable tile flooring create a clean, cohesive look that appeals to long-term tenants. The property also offers ample on-site parking and easy-care desert landscaping, making it simple to maintain. Ideally located just minutes from the light rail, schools, shopping, popular dining, and major freeways, this property delivers both convenience and strong rental demand. Owner currently pays water, sewer, and trash, while . . . Tenants pay electricity, keeping operating expenses predictable. This is a rare chance to secure immediate cash flow with excellent future value in one of Phoenix's most sought-after rental markets. Drive-by only, please do not disturb tenants. No sign on the property.

Property details

Price
$790,000
Bedrooms
8
Bathrooms
4
Year built
2003
Type
Multi-Family
Days on market
151
Est. property tax
$4,898/yr · $408/mo · 0.62% AZ avg
Last sold
$420,000 · Oct 2019

Estimated monthly payment

Down payment20% ($158,000)
Interest rate6.75%
Principal & Interest$4,099
Property Tax$724
Insurance$150
Total$4,973/mo

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Price history

▼ 1.3%Most recent change on 2026-04-10: $800,000 → $790,000.

$903K$525K$147K$299K on Nov 03 (Sold)$440K on Mar 06 (Sold)$210K on Mar 09 (Sold)$420K on Oct 19 (Sold)$780K on Nov 25 (Initial list)$840K on Nov 25 (Price change)$830K on Dec 25 (Price change)$810K on Jan 26 (Price change)$800K on Mar 26 (Price change)$790K on Apr 26 (Price change)
$299K · Nov 03$790K · Apr 26
  1. Apr 10, 2026$790,000Price change
  2. Mar 10, 2026$800,000Price change
  3. Jan 23, 2026$810,000Price change
  4. Dec 31, 2025$830,000Price change
  5. Nov 30, 2025$840,000Price change
  6. Nov 25, 2025$780,000Initial list price
  7. Oct 2, 2019$420,000Sold
  8. Mar 3, 2009$210,000Sold
  9. Mar 2, 2006$440,000Sold
  10. Nov 7, 2003$299,000Sold

Location

This home is located in Phoenix, AZ, in the Phoenix / Scottsdale area. Browse more Phoenix listings on the Phoenix market page or explore the full Phoenix market report.

Location

Map of 7549 N 21st Ave, Phoenix
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Home Intelligence

Neighborhood (zip 85021)

This neighborhood is primarily renter-occupied (39% owner-occupied). Median age is 35.8; 21% hold a bachelor's degree; median household income is $56,410.

Median income
$56,410
Median age
35.8
Owner-occupied
39.3%
Bachelor's degree
21.3%
Census median home value
$398,600

Source: US Census Bureau American Community Survey 5-year estimates.

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