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Courtesy of RE/MAX Excalibur, Dean Selvey Listing Contact: 480-254-6444 
4 Beds
4 Baths

$416,900

1947 E RAYMOND Street, Phoenix AZ, 85040

Built in2020
Property typeMulti-family

Overview

Under contract

Ucb (under Contract-backups)

Listed Sep 2, 2026

Updated 20h ago

*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.

$2,774/mo

Est. mortgage payment based on a $416,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7074366

Interior Features

Bedrooms
4
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$3,491
Tax Frequency
Annually
Garage
Yes

Courtesy of RE/MAX Excalibur, Dean Selvey

Listing Contact: 480-254-6444 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor ROCO Luxury Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Not representative of the licensee’s transaction history. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

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Data Last Updated: 4:52 AM UTC, 9/20/2026.

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