$1,450,000
Phoenix, AZ 85008
MLS# 6989552

1 / 61
Open House (04/28/2026 - 2:00 pm - 4:00 pm)
Property Description
Investment Potential: This fully renovated Arcadia 4-plex just became one of the most compelling small multifamily plays in the Phoenix market. Recently reduced from $1,695,000 to $1,450,000, 4821 E Sheridan combines over $500,000 in capital improvements, strong rent potential, and an A+ Arcadia location that continues to attract high-quality tenants. One unit has just leased at $1,895 per month + $50 in RUBS, and three additional units are available to show and in active lease-up. For investors seeking a turnkey asset with both income growth and long-term appreciation, this property checks all the boxes. Buyer to verify all facts and figures. see supplemental information
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,450,000
List Price: $1,450,000
Status: Active
List Date: 2026-02-25
Location, Tax & Legal
Assessor's Map #: 17
Legal Description (Abbrev): LOT 8 STAFFORD VILLAGE 2 MCR 007515
Assessor's Parcel #: 32
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111201
Taxes: 1745
Legal: LOT 8 STAFFORD VILLAGE 2 MCR 007515
Marketing Name: Arcadia 4 Plex
House Number: 4821
Compass: E
Street Name: SHERIDAN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 2533
Country: US
County Code: Maricopa
Subdivision: STAFFORD VILLAGE 2
Assessor Number: 126-17-032
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: Irr
Flood Zone: TBD
Total # of Units: 4
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Year Built: 1957
Zoning: [R-3] Multiple
Legal Info
Range: 4E
Section: 32
Township: 2N
Lot Number: 8
Project Type
Four Plex: 1
Construction
Block: 1
Other: 1
See Remarks: 1
Const - Finish
Painted: 1
Stucco: 1
Other (See Remarks): 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Laundry Equipment: 1
Other (See Remarks): 1
Income & Expenses
Annual Ins Exp: 2100
Annual Landscape Exp: 600
Annual Maint Exp: 750
Annual Mgmt Exp: 6226
Annual Wtr/Swr Exp: 2100
Owner Association: Yes
Annual Ownr Asoc Fee: 0
Operating Exp: 13521
Other Income: 2400
Vacancy Allowance: 0.03
Adjusted Gross Inc: 93120
Pmt & Rate Info
Cap Rate: 5.48
Equity: 1450000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Combo: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
See Remarks: 1
Cooling
Ceiling Fan(s): 1
Heat Pump: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Separate Storage: 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Other (See Remarks): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Other (See Remarks): 1
Appliances Included
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Books Shwn Accpt Ofr: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Free: 1
>1 Space Per Unit: 1
Paved: 1
Assigned: 1
See Remarks: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
APOD/Backup Avaible: 1
Sch of Personal Prop: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1750
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 2000
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 44th Street and Thomas
Geo Lat: 33.474795
Geo Lon: -111.97704
Income Expenses
Gross Annual Sch Inc: 93600
Net Operating Income: 79490
Property Features
Project Type: Four Plex
Construction: Block; Other; See Remarks
Const - Finish: Painted; Stucco; Other (See Remarks)
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks)
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Other (See Remarks)
Appliances Included: Free-Standing Range; Refrigerator; Disposal; Microwave
Heating: Heat Pump; See Remarks
Cooling: Ceiling Fan(s); Heat Pump; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; Assigned; Free; Paved; See Remarks
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV; Other (See Remarks)
Source of Fincl Data: Owner; Books Shwn Accpt Ofr; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Combo
New Financing: Cash; VA; FHA; Conventional; No Carry
Environmental: None
Supplements
A Fully Renovated Investment Opportunity in One of Phoenix's Most Coveted Neighborhoods
This meticulously upgraded 4-unit property is nestled in the heart of Arcadia, a prestigious neighborhood known for its lush landscapes, historic charm, and proximity to Camelback Mountain. Arcadia offers a unique blend of suburban tranquility and urban convenience, making it a highly sought-after location for residents and investors alike.
Property Highlights:
Address: 4821 W Sheridan, Phoenix, AZ
Price: $1,450,000
Units: 4 (Fully Renovated)
Location: Arcadia - Phoenix's Premier Neighborhood
Investment: Over $500,000 in capital improvements
Capital Improvements Include:
Roof & Exterior:
Complete roof replacement with 30-year architectural shingles
Synthetic underlayment, flashing, and roof prep for long-term durability
Stuccoed and freshly painted exteriors
New entry doors and upgraded fencing for added privacy
HVAC & Electrical:
4 new Goodman A/C units (3 units at 2 tons, 1 unit at 2.5 tons)
Upgraded electrical service including new panels, circuit breakers, and dedicated circuits
Landscaping & Outdoor:
Removal of trees, old sidewalks, and debris
New concrete driveways to 3 units and storage area
5 grass parcels in backyard and front yard
River rock surrounding grass, sidewalks, and driveways
New fencing and mailbox receptacle enhancing curb appeal
Storage & Covered Parking:
4 newly built storage units, finished and painted
Upgraded woodwork and painted covered parking
Interior Upgrades & Appliances:
Modern kitchens with new cabinets, countertops, sinks, and backsplashes
Updated bathrooms: new toilets, sinks, cabinets, counters, mirrors, showers, and tubs
Leveled floors with new flooring throughout
Fresh interior paint and new overhead fans in every room
11 Milgard windows and 3 sliding doors installed
Appliances include 4 refrigerators, dishwashers, ranges, microwaves, washer/dryers, and water heaters
Neighborhood Features:
Outdoor Recreation: Proximity to Camelback Mountain and Arizona Canal Trail for hiking, biking, and outdoor activities
Dining & Shopping: Renowned eateries including Chelsea's Kitchen, The Henry, and La Grande Orange
Community: Family-friendly with top-rated schools and a strong neighborhood feel
Historic Charm: Architectural styles ranging from Spanish Revival to Ranch-style bungalows
Listing Office: Gerchick Real Estate
Last Updated: April - 26 - 2026
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