Browse All Bumbalow Heights Properties for Sale

6 Beds ⋅ 4 Baths ⋅ 7069832 MLS ⋅ Bumbalow Heights Blk 1 SubDv. ⋅ ACTIVE Status

Extremely rare newer vintage duplex on over 0.5 acre parcel with the opportunity of adding additional units, McKinley II presents a unique value-add multifamily offering. Built in 2004 and consisting of 2 oversized 3-bed, 1-bath floorplans averaging 1,100 SF, future ownership will have the opportunity to complete a renovation program to capture rent premiums already achieved in the the market and build additional unit(s) on the parcel. Alternatively, the property is well positioned for an owner-occupied investment approach. ***PROPERTY IS CURRENTLY VACANT. LEASING WILL COMMENCE BY MID-SEPTEMBER.

2142 E Mckinley Street, Phoenix

$700,000

7 Beds ⋅ 6 Baths ⋅ 7038723 MLS ⋅ Bumbalow Heights Blk 1 SubDv. ⋅ ACTIVE Status

Welcome to Three at Bumbalow - A Rare Triplex Investment in the Heart of Central Phoenix! Three at Bumbalow presents a unique opportunity to own a recently upgraded triplex in one of Phoenix's most sought-after and rapidly developing neighborhoods. Ideally located near downtown, major freeways, and light rail access, this property is perfect for investors seeking strong rental income or owner-occupants looking to live in one unit while renting out the others. This well-maintained property was renovated in 2023 and features three individual units: Two units with 2 bedrooms and 1 bathroom each, and One larger unit with 3 bedrooms and 2 bathrooms. Each unit has its own private entrance and offers a functional floor plan designed for comfortable living. A nice side yard adds outdoor space and potential for further enhancements, such as communal gathering areas or added amenities. Each unit is equipped with washer and dryer hookups. All the washers, dryers, and refrigerators are included in the sale and convey. The property is currently self-managed, which keeps operating costs low. This triplex is perfect for both seasoned investors and first-time multifamily buyers looking to enter the market with a well-located, income-producing asset. The units are currently rented at $2,863, $1,550, and $1,985 per month, respectively. Whether you're looking to expand your real estate portfolio, complete a 1031 exchange, or live in one unit while earning passive income from the others, Three at Bumbalow offers flexibility, stability, and upside in a prime Central Phoenix location.

2223 E Roosevelt Street, Phoenix

$309,000

2 Beds ⋅ 1 Baths ⋅ 6895785 MLS ⋅ Bumbalow Heights SubDv. ⋅ CLOSED Status

Welcome to 2151 E Garfield Street, a beautifully fully remodeled brick home in the heart of Phoenix's vibrant and historic Garfield neighborhood. This 2-bedroom, 1-bathroom bungalow offers 826 square feet of thoughtfully updated living space on a spacious 6,298 square foot lot. Originally built in 1950, the home has been completely transformed to reflect modern style while preserving its original charm. Step inside to find an open and inviting layout featuring new flooring, fresh interior and exterior paint, updated lighting, and stylish fixtures throughout. The remodeled kitchen includes sleek cabinetry, new countertops, and stainless steel appliances. The bathroom has been tastefully upgraded with a modern vanity and tile surround. The oversized lot is a blank canvas, perfect as it is for a great lock-and-leave property or ready for you to add your dream pool. A private carport provides convenient off-street parking, and there's an exterior storage and laundry room offering added functionality and convenience. Located just minutes from Roosevelt Row, downtown Phoenix, local coffee shops, restaurants, and the light rail, this home is ideal for anyone seeking city living with comfort and character. Whether you're a first-time buyer, investor, or someone who values a stylish and low-maintenance home, 2151 E Garfield Street checks all the boxes.

2151 E Garfield Street, Phoenix

$1,395,000

6688201 MLS ⋅ Bumbalow Heights SubDv. ⋅ CLOSED Status

**Investment Opportunity: Prime Real Estate with High Potential** *Hands-Off Investment on a Triple Net Lease*Introducing an exceptional investment opportunity in the heart of the Roosevelt Historical District, offering a fully renovated, hands-off investment property with an established tenant under a pure triple net lease (NNN). This 4-unit property, meticulously upgraded, is leased to a single tenant who covers 100% of all expenses, making this a hassle-free investment that promises consistent cash flow. With a cap rate of over 7.5%, this property offers an attractive income-generating opportunity. The Property will be occupied on 11/1/2024 with a three year lease and rental bumps year two and three. Buyer should read the additional information here. Buyer to verify all facts **Investment Opportunity: Prime Real Estate with High Potential** *Hands-Off Investment on a Triple Net Lease* Introducing an exceptional investment opportunity in the heart of the Roosevelt Historical District, offering a fully renovated, hands-off investment property with an established tenant under a pure triple net lease (NNN). This 4-unit property, meticulously upgraded, is leased to a single tenant who covers 100% of all expenses, making this a hassle-free investment that promises consistent cash flow. With a cap rate of over 7.5%, this property offers an attractive income-generating opportunity. The Property will be occupied on 11/1/2024 with a three year lease and rental bumps year two and three. **Property Overview:** - **Unit Mix**: - 1 x 3 Bedroom, 2 Bath - 2 x 2 Bedroom, 1 Bath - 1 x 1 Bedroom, 1 Bath - **Complete Renovation**: The property has undergone a full gut and remodel, presenting a contemporary and attractive living space for tenants. - **Key Upgrades**: - All-new plumbing, electric systems, and reinforced roof joists - New air conditioning units, flooring, and exterior stucco - Modern dual pane windows and new exterior doors for security and energy efficiency - Fresh concrete walkways and parking spaces, ensuring convenience for tenants - New ceiling fans in living rooms and all bedrooms for comfort - New landscaping to enhance curb appeal - Stylish new cabinets, bathrooms, stainless steel appliances, and quartz countertops **Investment Highlights:** 1. **Turnkey Investment**: With renovations completed and permits finalized, the property is ready to generate immediate rental income. 2. **Versatile Unit Mix**: A diverse selection of unit sizes to accommodate families, professionals, and individuals, enhancing occupancy rates. 3. **High-Quality Renovation**: Every detail of the renovation was completed with precision, offering durability and ensuring tenant satisfaction. 4. **Modern Amenities**: Tenants will enjoy the convenience of modern appliances, attractive finishes, and energy-efficient features. 5. **High Cap Rate**: With a cap rate of over 7.5%, this property provides a strong income stream and attractive investment potential. **Investment Strategy:** - **Immediate Income**: Rental income begins upon acquisition. - **Long-Term Growth**: Located in a thriving area, this property is positioned for future appreciation. - **Hassle-Free Management**: The NNN lease structure means the tenant handles all expenses, including maintenance, taxes, and insurance, while you enjoy passive income. Don't miss this opportunity to invest in a hands-off, income-generating property that's ready to deliver returns from day one.

2222 E Garfield Street, Phoenix

$479,000

3 Beds ⋅ 2 Baths ⋅ 6636701 MLS ⋅ Bumbalow Heights Blk 1 SubDv. ⋅ CLOSED Status

EASY TO SHOW, Owner has stopped taking STR reservations from 3/30 on. You don't want to miss on this immaculate property. Located in the heart of Phoenix you'll be close to downtown, minutes from the 51, 202, 143, I-10, & I-17. 3 Spacious bedrooms in a split floor plan and 2 baths. Carpet in the bedrooms and wood-like tile flooring everywhere else. The kitchen offers tile backsplash, contemporary light fixtures, island with breakfast bar, and stainless steel appliances. Spacious bedrooms and a large living room area. No maintenance landscaping in front & back yard. This beauty won't last long. Take advantage of the AirBNB peak season or live in this turn key centrally located home! Brand New AC with 10yr war. PAID OFF/ OWNED SOLAR Newer water heater. New sewer line.

2241 E Garfield Street, Phoenix

Start Your Search

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. 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 Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Bumbalow Heights Real Estate & Homes