Despite the significant development and extensive application of phthalocyanine and related azaporphyrins, little attention has been paid to meso‐N‐substituted azaporphyrinoids. Here, we report new derivatives of 5,10,20‐triaryl‐5,15‐diazaporphyrinoids (Ar3DAP), which are reversibly redox‐switchable between the 18π‐ and 19π‐electron state. Four kinds of metal(II) complexes and free bases of Ar3DAP were prepared by metal‐templated cyclization of metal(II) complexes of 5,10,15‐triaryl‐10‐azabiladiene‐ac with sodium azide or copper‐catalyzed N‐phenylation of 10,20‐diaryl‐5,15‐diazaporphyrins (Ar2DAP) with diphenyliodonium hexafluorophosphate. In particular, regioselective N‐phenylation of covalently linked Ar2DAP dimer afforded two kinds of dimers bearing one or two meso‐N‐phenyl groups. Cyclic voltammetry revealed that attaching one aryl group onto the meso‐nitrogen atom markedly changed the redox potentials of the DAP ring. The aromaticity and optical properties of the new Ar3DAP π‐electron systems were assessed using various spectroscopic measurements and density functional theory calculations. The distribution pattern of an electron spin in the neutral Ar2DAP–Ar3DAP radical revealed that the meso‐N‐phenyl group had a remarkable effect on spin delocalization of DAP π‐radical. The present study provides valuable information for understanding the effects of the number of meso‐N‐substituents on azaporphyrin‐based π‐electron systems.