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Browse All Northern Lanai Properties for Sale

$725,000
11 Beds ⋅ 4 Baths ⋅ 6989127 MLS ⋅ Northern Lanai Unit 1 SubDv. ⋅ ACTIVE Status
Turnkey cash-flowing fourplex in a prime Phoenix location! This fully renovated property is a low-maintenance gem with all major upgrades handled: brand-new roof, all HVAC units replaced under current ownership, new water heaters, and a freshly painted exterior. Excellent unit mix consisting of (1) 3BD/2BA unit, (2) 3BD/1BA units and (1) 2BD/1BA unit. Every unit is updated with modern finishes, including LVP or tile flooring (no carpet) and ceiling fans. Spacious layouts feature full appliance packages and private balconies/patios. Rare four-car garage provides dedicated tenant parking and storage. Ideally located near the I-17 for fast access to Downtown Phoenix, GCU, and Glendale events. Meticulously maintained with strong tenant demand. Perfect for a 1031 exchange or owner-occupant!

3302 W Northern Avenue, Phoenix
$815,000
6911002 MLS ⋅ Northern Lanai Unit 1 SubDv. ⋅ CLOSED Status
Turnkey Cash-Flowing Fourplex in Prime Phoenix Location! Fully leased and grossing over $6,500/month (not including RUBs). Excellent unit mix: (1) 3 bed / 2 bath + (3) 2 bed / 1 bath units. All units are garden-style with private garage parking—rare for the area. Well-maintained interiors and desirable layouts ensure low vacancy and strong tenant demand. Upside potential with RUBs and future rent increases. Ideal for investors seeking strong in-place cash flow with room to grow. This is arguably the best fourplex available in Phoenix today—don't miss it!

8108 N 33rd Drive, Phoenix
$600,000
6898966 MLS ⋅ Northern Lanai Unit 1 SubDv. ⋅ CLOSED Status
Rare opportunity to acquire two fourplexes in the same community. 3319 & 3364 W Harmont Drive. Near I-17, Grand Canyon University, and the rapidly revitalizing Metro center area. Each fourplex has one 3-bedroom/2-bath and three 2-bedroom/1-bath units, offering strong rental appeal and efficient operations. With all units individually metered and identical floorplans, property management is streamlined. Each fourplex has a four car garage. This package provides immediate upside through rental increases and benefits from consistent demand in a high-growth corridor.

3364 W Harmont Drive, Phoenix
$600,000
6898962 MLS ⋅ Northern Lanai Unit 1 SubDv. ⋅ CLOSED Status
Rare opportunity to acquire two fourplexes in the same community. 3319 & 3364 W Harmont Drive. Near I-17, Grand Canyon University, and the rapidly revitalizing Metro center area. Each fourplex has one 3-bedroom/2-bath and three 2-bedroom/1-bath units, offering strong rental appeal and efficient operations. With all units individually metered and identical floorplans, property management is streamlined. Each fourplex has a four car garage. This package provides immediate upside through rental increases and benefits from consistent demand in a high-growth corridor.

3319 W Harmont Drive, Phoenix
$759,000
6848265 MLS ⋅ Northern Lanai Unit 1 SubDv. ⋅ CLOSED Status
FANTASTIC 4-PLEX INVESTMENT OPPORTUNITY~ALL UNITS UPDATED~ALL HVAC's have been REPLACED in 2014 & 2025~ALL newer DUAL-PANED-WINDOWS~Building-exterior was FULLY-PAINTED in 2024 & hot-waters-heaters replaced in 2023~Property is FULLY-OCCUPIED as of list-date & some units w/LONG-TERM Tenants~2024 Q4 CAP RATE was over 6%~Building has been PROFESSIONALLY MANAGED for years~HOA is of value here at ONLY $130 per month & includes regular-yard-maintenance~EXCLUSIVE to this building is COIN-OPERATED, LAUNDRY-ROOM, which brings in monthly-other-income~OWNER through PM took PRIDE in the property w/VALUE-ADD, POTENTIAL for increased CASH-FLOW by taking advantage of this UNTAPPED, potential through improvements, monthly income could SURPASS $6k~ Front-facing, ground-floor unit is 3 bd/2 bath w/wood-look, vinyl-plank & tile flooring, wood-burning fireplace in living-room, open kitchen w/adjoining, formal dining or flex-space, slider-door leads to private, fenced, yard-area~Side-yard-facing, ground-floor unit is 2 bd/1 bath w/similar finishes & private, fenced, yard-area~Unit 3 is second-floor and is also, 2 bd/1 bath, similar finishes w/private-rear balcony & shared front-balcony~Unit 4 is second-floor and is also, 2 bd/1 bath w/similar-finishes~ALL units have storage-locker-cabinets in communal, shared, 4-car-garage & ea. unit has one-space in garage, plus there are two-additional, open-parking-spaces assigned to this building~On-site, coin-operated laundry room, provides Owner w/additional monthly-other-income~

8124 N 33rd Drive, Phoenix
$858,500
6802584 MLS ⋅ Northern Lanai Unit 1 SubDv. ⋅ CLOSED Status
Looking for a solid cash-flowing asset in Phoenix? This 4-plex is a must-see! Currently generating $4,000 per month in gross rental income from three fully-occupied units, this property offers a fantastic opportunity for investors looking to maximize returns. But that's not all - there's huge potential for value-add! The fourth unit is available for house hacking, either by living in it yourself or renting it out for even more income. With the possibility of grossing $5,700 per month once the fourth unit is rented, this property is primed for cash flow expansion.

3301 W Harmont Drive, Phoenix
$799,000
6773705 MLS ⋅ Northern Lanai Unit 1 SubDv. ⋅ CLOSED Status
Discover a fantastic investment opportunity with this unique four-plex, featuring a versatile unit mix that includes one spacious 3-bedroom, 2-bath unit and three 2-bedroom, 1-bath units. Perfectly situated in a growing area of Phoenix, this property offers tremendous potential for value appreciation. This four-plex is not just an investment; it's a blank canvas for creative minds to enhance and maximize its potential. With its strategic location and numerous opportunities for improvement, this property stands out as the best investment opportunity in the Phoenix area.

3307 W Harmont Drive, Phoenix
$805,000
6708373 MLS ⋅ Northern Lanai Unit 1 SubDv. ⋅ CLOSED Status
Welcome to a rarity in the market these days! A well maintained and appointed 4-plex within the Northern Lanai community. A mixture of one 3 bed 2 bath unit and 3 2 bed 1 bath units. Coin operated laundry creates additional revenue opportunity. Many upgrades throughout and priced attractively for an investment opportunity.

3307 W Loma Lane, Phoenix
$760,000
6666026 MLS ⋅ Northern Lanai Unit One SubDv. ⋅ CLOSED Status
The Northern Lanai fourplex offers a 7.1% Cap Rate. The unit mix consists of one 3-bedroom/2-bathroom (fully remodeled) and three 2-bedroom/1-bathroom units. The building has a four car garage + more uncovered parking spaces and on-site laundry. Each unit has it's own private patio and is separately metered for electric. Total estimated annual gross income: $71,507.76. Drive-by Only, Do Not Disturb Tenants.

8108 N 33rd Avenue, Phoenix
$750,000
6638923 MLS ⋅ Northern Lanai SubDv. ⋅ CLOSED Status
Welcome to this 4-plex located in the highly desirable Northern Lanai community. This building features expansive floorplans, convenient garage parking. Offering ample parking space, generously sized apartment homes, and beautifully landscaped surroundings, this property has consistently delivered reliable rental income. Don't miss out on this excellent investment opportunity—call today to explore your next venture!

3331 W Harmont Drive, Phoenix
$860,000
6620025 MLS ⋅ Northern Lanai Unit 1 SubDv. ⋅ CLOSED Status

3302 W Loma Lane, Phoenix
$730,000
6619662 MLS ⋅ Northern Lanai Unit 1 SubDv. ⋅ CLOSED Status
The Northern Ave fourplex is a great investment opportunity with an impressive 6.9% Cap Rate. The property has frontage on Northern Avenue, providing convenient access to multiple retail centers, restaurants, and nearby freeways. The property consists of three 2-bedroom, 1-bathroom units and a spacious 3-bedroom, 2-bathroom unit. Two units have received complete renovations within the past two years. There are two shared garages and on-site laundry facilities. The property currently has below-market rates, with the potential to increase the value of two units within the next two months.

3320 W Northern Avenue, Phoenix
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