$465,000
Apache Junction, AZ 85119
MLS# 7016819
1 / 8
Property Description
Now's your chance to own a solid triplex in a high demand area! Two units have its own adorable honeycomb fireplace & all have W/D hookup, and spacious, fenced private yards. Roof is newer (installed in 2022) and A/C's are newer. One unit is 2 bed, 1 bath, One is 2 bed, 2 bath, and the third unit is 1 bed, 1 bath (all occupied). This property offers a strong value-add opportunity through both interior and exterior renovations. Each unit is equipped with its own washer/dryer hookup, and the property is individually metered for electricity. Owner is also selling a similar Triplex next door (404 E. Osage - MLS 7016776) and would love to sell them together, if possible, but it's not a deal breaker. This property has great potential. DRIVE BY ONLY.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $465,000
List Price: $465,000
Status: Active
List Date: 2026-04-20
Location, Tax & Legal
Assessor's Map #: 25
Assessor's Parcel #: 87
Add'l Parcels: No
Tax Municipality: Apache Junction
Taxes: 1085
Legal: LOT 1486 PALM SPRINGS UNIT FOURTEEN
Marketing Name: Palm Spirngs
House Number: 428
Compass: E
Street Name: Osage
St Suffix: Avenue
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85119
County Code: Pinal
Assessor Number: 102-25-087
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 91.93x1093.35x91.93x109.35
Flood Zone: No
Total # of Units: 3
Elementary School District: Apache Junction Unified District
High School District: Apache Junction Unified District
Elementary School: Desert Vista Elementary School
Jr. High School: Cactus Canyon Junior High
High School: Apache Junction High School
Year Built: 1980
Zoning: GR
Legal Info
Range: 08E
Section: 28
Township: 01N
Lot Number: 1486
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Const - Finish
Board & Batten Siding: 1
Roofing
Composition: 1
Floors
Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 1151
Annual Wtr/Swr Exp: 4070
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6306
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 26400
Pmt & Rate Info
Cap Rate: 3.58
Equity: 465000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Forced Air: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Fenced: 1
Cable TV Available: 1
Separate Storage: 1
Tenant Pays
Electricity: 1
Appliances Included
Free-Standing Electric Oven: 1
Refrigerator: 1
W/D Hookup: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Accountant: 1
Tax Return: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
Off Street: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 700
Avg SqFt: 680
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 800
Avg SqFt: 885
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Southern Ave & Winchester Road
Directions: From the US60, North on Idaho Road, Right onto Southern Ave, 1st left onto Winchester Road, Right onto Osage Rod, 2nd property on left.
Geo Lat: 33.39602
Geo Lon: -111.541168
Income Expenses
Gross Annual Sch Inc: 26400
Net Operating Income: 16653
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Board & Batten Siding
Roofing: Composition
Floors: Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced; Cable TV Available; Separate Storage
Appliances Included: Free-Standing Electric Oven; Refrigerator; W/D Hookup
Heating: Forced Air
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: On Street; Off Street
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Accountant; Tax Return
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; No Carry
Environmental: None
Listing Office: Good Oak Real Estate
Last Updated: April - 20 - 2026
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