About This Home

This 4-bedroom, 4-bathroom residential multi family at 1947 E RAYMOND Street in Phoenix, AZ is listed for $416,900. Built in 2020, on a N/A lot.

Key Features

  • Built in 2020

Property Details

4 full
2020

Amenities

A/C
Listing Description

*AFFORDABLE DUPLEX PRICED THOUSANDS BELOW MARKET!* Excellent opportunity for an owner-occupant or investor. Each unit features **2 bedrooms, 2 baths and a private garage**. Both units are currently occupied on a month-to-month basis, providing flexibility for a buyer who wants to **live in one unit and rent the other--potentially reducing monthly housing costs substantially!** FHA, VA and down-payment-assistance buyers welcome.

Investors benefit from existing rental income with a **6%+ estimated return** and tenants willing to extend their leases if desired. Property has been self-managed by the builder/seller. Some minor cosmetic updating and repairs would restore the property's shine and provide an opportunity to add value. Affordable multifamily ownership with income already in place.

Monthly Cost Estimate

$2,230/mo

20% down · 6.5% · 30 years

Principal$302
Interest$1,807
Insurance$122

Estimates only. Actual payments may vary.

Location

1947 E RAYMOND Street

Phoenix, AZ 85040

PROGRESS PLACE

Property Details

Flooring

Tile

Construction

Wood Frame Painted Stucco

Parking

Garage - Attached

Heating

Electric (Heating)Central

Cooling

Ceiling Fan(s)Central AirElectric

Appliances

Built-In RangeDisposalRefrigeratorBuilt-In Electric OvenMicrowaveW/D Hookup

Questions & Answers

This 4-bedroom, 4-bathroom residential multi family at 1947 E RAYMOND Street is listed at $416,900. The estimated monthly payment is $2,230 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2020.

This property is listed by Dean Selvey.

DS

Dean Selvey

Agent at RE/MAX Excalibur

Listed by RE/MAX Excalibur · Broker phone: (480) 355-3500 · View on Broker Site · Broker website

MLS# 7074366· Source: Arizona Regional Multiple Listing Service, Inc.· 57 days on PropertySimple

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1947 E RAYMOND Street, Phoenix, AZ 85040

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