Browse All Fountain Hills AZ Multi-Family Properties for Sale

Fountain Hills fully rented duplex featuring a private pool and two spacious units—a 3BR/2BA and a 2BR/1.5BA. This well-maintained property offers strong rental income, desirable layouts, and excellent tenant stability. Located in a quiet, scenic neighborhood with easy access to local amenities, this duplex stands out with its larger floorplan and hard-to-find pool amenity. Perfect for investors seeking reliable cash flow or an owner-occupant looking to offset housing costs.

14048 N Cameo Drive, Fountain Hills

Listing courtesy of Listing Agent: William Scheidt (480-540-3812) from Listing Office: PMI East Valley.

$674,500

7033695 MLS

Discover a rare opportunity to own a duplex in the heart of Fountain Hills, Arizona - perfect for investors, multi-generational living, or owner-occupants looking to offset their mortgage with rental income. Each spacious unit offers approximately 1,250 square feet with 2 bedrooms, 2 bathrooms, and an oversized 1-car garage, providing functional layouts and comfortable everyday living. Inside, you'll find soaring vaulted ceilings, abundant natural light, and open living spaces that create a bright and welcoming atmosphere. Both units also feature covered patios, ideal for enjoying Arizona's beautiful weather and mountain-desert surroundings. Situated on a large lot with no HOA, this property offers flexibility and freedom rarely found in today's market. Whether you're looking for a long-term investment property, seasonal rental opportunity, or a setup ideal for extended family living, this duplex provides incredible versatility. Located within one mile of the world-famous Fountain Hills Fountain, residents can enjoy one of Arizona's most unique and scenic communities. Known for its stunning mountain views, golf courses, hiking trails, art festivals, restaurants, and small-town charm, Fountain Hills offers a lifestyle that attracts both full-time residents and seasonal visitors alike. The community is also conveniently located near Scottsdale, Mayo Clinic, Saguaro Lake, and endless outdoor recreation. Opportunities like this are hard to find in Fountain Hills--whether you're expanding your investment portfolio or looking for flexible living options, this property offers exceptional potential in one of Arizona's most desirable desert communities.

14243 N Ibsen Drive Unit 1 & 2, Fountain Hills

Listing courtesy of Listing Agent: Shae Montanez (480-518-4278) from Listing Office: Y Realty.

Selling Office: Keller Williams Realty Sonoran Living.

$3,100,000

7019569 MLS

NEW CONSTRUCTION!! 5 UNIT ATTACHED TOWNHOUSE COMPLEX IN FOUNTAIN HILLS! Estimated total completion date is June , with first units being 100% finished end of May. All units have 3 bedrooms, 2.5 baths, average 1875 sq ft, and have a 1 or 2 car garage. All 2 story units with outdoor patios and some have upstairs terraces. Main levels have an open floor plan kitchen and living room area with white soft close cabinets, quartz countertops, pantries, and stainless steel appliances. 3 large bedrooms, lots of storage space and in unit laundry rooms can all be found upstairs. Great, quiet neighborhood and only 1 mile from the Avenue of the Fountains, Fountain Park and the world Famous Fountain.

11430 N Saguaro Boulevard, Fountain Hills

Listing courtesy of Listing Agent: Angi Smith (480-815-3199) from Listing Office: Keller Williams, Professional Partners.

$450,000

6883802 MLS

Excellent opportunity to own a duplex in Fountain Hills. Rent one and live in the other or Rent 'em both out. Property needs some work but priced for it too. 3 br, 2 bath in one unit. 2 br, 2 bath in the other. New $33,000 roof. Each unit has it's own large storage room and it's own laundry room. The property sits on a large lot, front end loaded with the structure, so back yard is extra large for tenants.

16821 E Ibsen Drive, Fountain Hills

Listing courtesy of Listing Agent: Matt M. Borkowski (480-599-7764) from Listing Office: HomeSmart.

Selling Office: Jason Mitchell Real Estate.

$625,000

6878494 MLS

Great opportunity for an investor to purchase this duplex. Both sides are rented and the tenants would like to continue renting there. Unit 1 features an open floorplan with tile flooring in traffic areas, carpet in the 3 bedrooms. Huge laundry room, 1 car garage, lg covered patio, fenced in backyard. 1406sq. ft. Unit 2 features 2 bedrooms & 2 bath. Open living room, kitchen and dining room, corian counters, tile flooring throughout, lg master suite, walk-in shower w/ granite counters, lg laundry room, covered patio, partially fenced in backyard. No HOA. Both units being sold together. They each have their own assessor number. Exterior was recently painted. Buyer to pay the one time buyer admin/transfer fee of $775.00 at COE.

12029 N Fountain Hills Boulevard Unit 1&2, Fountain Hills

Listing courtesy of Listing Agent: Susan Dawson (602-550-1330) from Listing Office: MCO Realty.

Selling Office: RE/MAX Fine Properties.

$609,000

6862495 MLS

This well-maintained duplex offers strong rental potential or multi-generational living. Each unit features 2 bedrooms, 2 bathrooms, its own laundry room, a dedicated 1-car garage, 1 extra driveway space per unit, all appliances included, a spacious living room, & an eat-in kitchen. Unit A is move-in ready with tile & LVP flooring & modern shaker-style cabinets. Unit B includes an enclosed patio space and offers great potential with minor updates needed to make it move-in ready. Both units enjoy fenced yards and individual patio areas, perfect for outdoor relaxation. Don't miss this excellent opportunity to own a solid investment property in the heart of beautiful Fountain Hills!

16733 E Ashbrook Drive, Fountain Hills

Listing courtesy of Listing Agent: Elmon Krupnik (623-606-3089) from Listing Office: Venture REI, LLC.

Selling Office: ATLAS AZ, LLC.

$600,000

6819584 MLS

INVESTORS!! HUGE PRICE DROP!! Great Rental Opportunity! Duplex including 2 spacious units! Each unit has over 1300 sq ft, all on one level, no interior steps and features 3 bedrooms, 2 bathrooms & 2 car garages. Large dining/kitchen area, breakfast bar & Livingroom. Laundry is located in the garage. Both backyards are fully fenced with covered patios trees and a view of mountains & the fountain! This property sits on a 14,950 sq ft lot. NO HOA!! Being Sold in As-Is condition. Hurry, this opportunity wont last!

16827 E Alamosa Avenue, Fountain Hills

Listing courtesy of Listing Agent: Katie Painter () from Listing Office: Keller Williams, Professional Partners.

Selling Office: HomeSmart.

$785,000

6808986 MLS

Fabulous Fountain Hills duplex with (2) 1323 sq ft 2 bedroom, 2 bathroom, 2 car garage units! Single story units with fenced backyard on quiet street. Appliances stay with the units. Apt #1 is vacant and ready to show - granite kitchen countertops and remodeled bathrooms. Live in one and rent one OR buy as an investment home. Eat-in kitchen, breakfast bar, and family room with vaulted ceilings and fireplaces in both units. Separate driveways. Newer AC unit. Each unit has a covered patio. Built 1985. No steps. Great location in Fountain Hills.

17208 E Salida Drive Unit 1 & 2, Fountain Hills

Listing courtesy of Listing Agent: Robert Mattisinko (480-734-1617) from Listing Office: Berkshire Hathaway HomeServices Arizona Properties.

Selling Office: West USA Realty.

$655,000

6799401 MLS

Welcome to this beautifully maintained, single-level duplex nestled in the heart of the tranquil and picturesque Fountain Hills. This exceptional property features two separate 2 bed, 2 bath units, each with a 2 car garage, fenced-in backyard and patio, offering a perfect blend of comfort and outdoor living. Both units are equipped with newer Trane AC units and water heaters installed in 2023. The property also features all-new windows and sliders throughout, enhancing natural light and energy efficiency. Newer flooring in both units complements the modern design, with some new fixtures added for style and functionality. This duplex is an ideal opportunity for investors or those seeking a property with income potential, or simply as a versatile multi-generational living space

14236 N Saguaro Boulevard Unit 1 and 2, Fountain Hills

Listing courtesy of Listing Agent: David Goldberg (480-734-0203) from Listing Office: Realty ONE Group.

Selling Office: Arizona Sunset Realty.

$775,000

6771489 MLS

Investors special! A 6.34% cap rate can be yours! Do not miss this updated duplex in Fountain Hills! Enjoy two units with new roof, fresh paint, new flooring, and matured landscaping. These units live like single family homes. Each has a separate driveway, 3 bedrooms, 2 bathrooms, and two car garages! Built in 2002, this property is available to the public for the first time. Each unit is ground level and has NO STEPS, direct garage access, and 12''+ ceilings. Located in the heart of Fountain Hills within walking distance to the world famous fountain, park, Avenue, shopping and more!

14422 N Sherwood Drive, Fountain Hills

Listing courtesy of Listing Agent: Susan Pellegrini (480-315-1555) from Listing Office: MCO Realty.

Selling Office: HomeSmart.

$910,000

6764779 MLS

Explore the distinctive charm of Fountain Hills in this extraordinary duplex, situated on a 1/4 acre lot with a tempting pool. Two units, one with 2 beds and 2 baths, and the other with 3 beds and 2 baths, this property offers versatile living options. Experience the ease of small-town living with nearby shops and restaurants, enhanced by the absence of HOA restrictions, allowing you the freedom to shape your investment to your liking. Step inside each unit to discover well-designed living spaces adorned with modern amenities, providing a perfect blend of comfort and practicality. Whether you're considering an in-law suite or exploring rental opportunities, these units cater to diverse lifestyles.

16426 E Monaco Drive, Fountain Hills

Listing courtesy of Listing Agent: Karen J. DeGeorge (480-225-3766) from Listing Office: Russ Lyon Sotheby's International Realty.

Selling Office: Coldwell Banker Realty.

$755,000

6761911 MLS

Check out this Market Adjustment property!! Great investment opportunity or you can live in one unit and rent out the other. Both units are single-level, and each comes with its own two-car garage, driveway and private backyard. The charming front porches add a welcoming touch. Inside, both units feature spacious open layouts, complemented by fresh paint and stylish tile flooring. The updated kitchens are outfitted with built-in appliances, granite counters, white cabinetry, and breakfast bars, offering functionality and style. The well-appointed bedrooms provide privacy and comfort! Great location to the downtown area, restaurants, and the famous park. Come see the amazing opportunities in this fantastic duplex waiting for you!!

14214 N Edgeworth Drive Unit 1&2, Fountain Hills

Listing courtesy of Listing Agent: Kay Speake () from Listing Office: HomeSmart.

Selling Office: Kelleher Realty & Associates.

$828,000

6735156 MLS

16506 (left) unit boasts 2bed/2bath with a 1-car garage. Updated, SS appliances, Quartz counters, plank flooring, nice side patio and a back yard area too. Great views of Four Peaks Mountains. 16508 (right) unit is even more spacious & updated with 2bed/plus den/3bath & an oversized 2-car garage, with a private courtyard, a bigger backyard with fountain/mountain views and a covered patio area. This half boasts Quartz counters/SS appliances, hardwood & marble flooring. There is an automatic irrigation drip system for easy yard maintenance. No HOA fees, not part of the NPOA. Close to all that is Fountain Hills; enjoy dining, shopping, parks and the World Famous Fountain. This is a great long or short term rental opportunity, or in-law arrangement. The possibilities are endless.

16506 E Lost Arrow Drive Unit 506&508, Fountain Hills

Listing courtesy of Listing Agent: Laura Reiser (630-926-5248) from Listing Office: Fountain Hills Property Management & Real Estate.

Selling Office: Russ Lyon Sotheby's International Realty.

$670,000

6729804 MLS

16437 E Ashbrook Drive, Fountain Hills

Listing courtesy of Listing Agent: Chris Lewis (602-625-5384) from Listing Office: Realty ONE Group.

Selling Office: West USA Realty.

$975,000

6671724 MLS

Investors special! A 6.54% cap rate can be yours! Do not miss this FULLY RENTED TRIPLEX in Fountain Hills! Enjoy three units that live like single family homes, two with their own driveway, 3 bedrooms, 2 bathrooms, and two car garages and a third unit with 2 bedrooms, 1 bath, and 1 car garage. Built in 1995, this property is available to the public for the first time. Each unit is ground level and has NO STEPS, direct garage access, and 12'+ ceilings. Located in the heart of Fountain Hills within walking distance to the world famous fountain, park, Avenue, shopping and more! Also being sold, the adjacent duplex, provides a rare chance to own a total of 5 units!

14439 N Fountain Hills Boulevard, Fountain Hills

Listing courtesy of Listing Agent: Susan Pellegrini () from Listing Office: Russ Lyon Sotheby's International Realty.

Selling Office: Russ Lyon Sotheby's International Realty.

$695,000

6628661 MLS

Rare DUPLEX coming up for sale. Awesome home one side is 4/2 with 2 Car Garage and large Arizona room. Other side is 2/1 with 1 Car Garage. Home has been in the family since originally built. High level construction and insulated throughout. Home ready for a facelift. Would make an excellent cash flow rental or great for multi generational families or live in one side lease out the other side. Culdesac location large lot Mountain views surrounding. NO HOA

16607 E Cotswold Court Unit A, Fountain Hills

Listing courtesy of Listing Agent: Carol A. Royse (480-576-4555) from Listing Office: Your Home Sold Guaranteed Realty.

Selling Office: Coldwell Banker Realty.

$550,000

6611558 MLS

Own both sides of this well maintained duplex for income property or multi generational living! Each unit has vaulted ceilings, open floor plan, 1 car garage +pad parking and large back yards. One bedroom +den (originally considered a 2nd bedroom, but has no fire egress) and two full bathrooms. Newer roof, AC units, exterior paint and some appliances. Great tenants in both sides.

14428 N Saguaro Boulevard, Fountain Hills

Listing courtesy of Listing Agent: Jana Palmer (623-556-3741) from Listing Office: ERA-Young Realty & Investment.

Selling Office: NextHome Modern Market.

$1,375,000

6606413 MLS

Wow! Located in the heart of coveted Fountain Hills, this 5-plex is a rare find and investors dream. The investment opportunity includes four 2 bed/2bath units, and an additional 3 bedroom 2 bath. Updated for the 21st century, the property has been remodeled extensively. Location, location, location! Walk to the center of town for the best restaurants, shopping, grocery stores, and the world famous lake. Obtain premium pricing with a fantastic pool and large lot. Each unit enjoys private laundry, patio, and covered parking space. Mountain views are a fantastic bonus feature designed to make any tenant choose this property.

16720 E Westby Drive, Fountain Hills

Listing courtesy of Listing Agent: Susan Pellegrini () from Listing Office: Russ Lyon Sotheby's International Realty.

Selling Office: HUNT Real Estate ERA.

$1,406,000

6554384 MLS

Saguaro Hills is a rare and unique 4-unit property located in the heart of Fountain Hills. All four units are roughly 1,776 SF in size, featuring 3 bedrooms, 2 and a half bathrooms, 2 fireplaces (one of which is in the master bedroom), a private balcony, private patio, 2-car garage, and individual laundry hookups. Along with the trash, the units are individually metered for electricity and water and paid for by the tenant while the landlord is responsible for sewer and landscaping.The property is well-maintained and three of the units have been upgraded. Units 101 and 104 have been more extensively renovated than unit 102, and unit 103 has some new flooring, and in good overall condition. An investor could add value through interior renovations / updates to units 102 and 103, as well as raising rents on all units. Constructed in 1985, with high quality finishes at the time, these units feel more like four individual houses or townhomes than a typical fourplex. Saguaro Hills is located near downtown Fountain Hills, enjoys beautiful mountain views, and is in close proximity to Fountain Park & Desert Canyon Golf Course. Given its location, and the fact that many out-of-state visitors flock to Fountain Hills, an owner could potentially operate some or all of the units as vacation rentals or live in one of the units and manage the property themselves from on-site. In addition, the property is located on the side of a city-owned wash, providing residents with even more privacy. The property has many excellent attributes, and with very few existing 4-unit properties in the Fountain Hills submarket, Saguaro Hills is a very attractive and rare opportunity for an investor.

11244 N Saguaro Boulevard, Fountain Hills

Listing courtesy of Listing Agent: John Klocek (602-639-0088) from Listing Office: ABI Multifamily.

Selling Office: ATLAS AZ, LLC.

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