3020 E Yale St
Fully Renovated Triplex | Phoenix, AZ
Marketing description
Matthews™ is pleased to present 3020 E Yale St, a fully renovated 3-unit multifamily community located in the desirable East Phoenix Submarket. Originally constructed in 1961, the property has undergone comprehensive interior and exterior upgrades, positioning it as a turnkey investment in a strong rental submarket.
Each unit has been thoughtfully modernized to meet today’s renter expectations, featuring in-unit washer and dryer, quartz countertops, laminate wood-style flooring, brand-new shaker-style cabinetry, and walk-in showers. Exterior improvements include fresh paint, new asphalt, updated landscaping, and the addition of perimeter fencing and turf, enhancing both curb appeal and long-term durability while minimizing future capital needs.
The property is currently fully vacant, providing a rare opportunity for a new owner to immediately implement a tailored leasing strategy and capture full market rents. Additionally, the vacancy offers flexibility for an owner-occupant to reside in one unit while generating income from the remaining units.
Strategically located in East Phoenix, the property benefits from convenient access to major transportation corridors including Loop 202 and State Route 51, providing connectivity to key employment hubs throughout the metro area. The surrounding area is supported by a strong mix of retail, dining, and lifestyle amenities, including proximity to Arcadia, the Biltmore Corridor, and Downtown Phoenix. Nearby points of interest include Sky Harbor International Airport, Papago Park, Desert Botanical Garden, and Arizona State University, all of which contribute to sustained rental demand and a diverse tenant base.
Listing agents are the owners of this property.
Investment highlights
- Turnkey 3-Unit Asset: Originally constructed in 1961 and fully renovated in 2026, offering a stabilized, low-maintenance investment opportunity
- Approximately $150k in Recent Capex: Current ownership invested heavily into the property, which will help limit future capital needs and on-going maintenance costs
- Desirable Unit Mix: Comprised of (1) two-bedroom/one-bath unit and (2) one-bedroom/one-bath units, catering to a broad tenant base
- Spacious Floor Plans: Average unit size of approximately 781 square feet, providing comfortable living layouts relative to competing assets
- Fully Renovated Interiors: Upgraded units feature modern finishes and in-unit washer/dryer amenities, enhancing tenant appeal and rental potential
- Extensive Exterior Improvements: Significant capital invested in exterior upgrades, contributing to long-term durability and curb appeal
- Tenant-Focused Amenities: Each unit includes dedicated storage space and covered carport parking, adding convenience and value for residents Strong East Phoenix Location: Positioned within the desirable East Phoenix submarket, benefiting from proximity to major employment corridors, retail centers, and transportation routes
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