Unlike the sales of single family homes in Greater Phoenix small income properties have not experienced that same surge.  This is mainly due to the financing requirements.  A home can be purchased for 0 down-payment or 3% but an income property will require 20-25% minimum down-payment unless you’re purchasing it owner occupied which is rare.

In July 7 fourplexes (quads) sold.  That’s not alot but it you look at the chart below the pricing trend is holding steady.  

One other reason why sale are low is that while total supply of fourplexes is high the good quality stuff is not on the open market or for sale at all.  Except for a few exeptions the curent stock of fourplexes is a very low quality.  This means that an investor can purchase a property for as low as $25,000 per units but that property will require a lot of repair and then management input to make it a vaiable and sustainable business.

Looking for a fourplex in Greater Phoenix?  Take a look at our map based Phoenix fourplex search.  Simply select the "Advanced" followed by multi-family.

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