Duplex Investment Property - No Shared Walls

1638 South 5th Street Phoenix, AZ 85004

1638 South 5th Street, Phoenix, AZ, 85004
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$529,000
Last Verified:
May 15, 2026

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Highlights

  • Fantastic freeway access
  • Community revitalization in full swing
  • Huge upside potential - strong rental demand
  • Off street covered parking on property
  • No HOA!!!

Description

Opportunity to capitalize on an unoccupied duplex with no shared walls built in the mid 2000's. A refresh will go a long way to acquiring top dollar rent making a compelling case for a value add investment. Ongoing migration to the metro Phoenix area continues to support a strong rental market and plentiful, large, recession proof employers are nearby. Alternatively, the proximity to sports arenas (MLB, NBA and WNBA), golfing, shopping, dining, entertainment, museums and art galleries make these homes ideal short term rental properties. Easy access to the I-17, US 60, I-10 and Loop 202 freeways ensure this offering is attractively situated for both long and short term rental occupants or a savvy owner user.

Discover the vibrant energy of downtown Phoenix, AZ, where urban living meets cultural richness. The surrounding area offers a dynamic mix of dining, shopping, and entertainment options, with attractions such as the Phoenix Art Museum, Heard Museum, and the Arizona Science Center just moments away. This thriving urban locale provides a prime opportunity for residential investors to tap into a burgeoning rental market while offering residents easy access to the exciting amenities of the city. With its ideal blend of convenience and culture, the area surrounding the property embodies the essence of modern urban living in Phoenix.


Year Built: 2006
Building Size: 2464sq ft
Lot Size: 0.15 acres

Map of 1638 South 5th Street, Phoenix, AZ, 85004

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.