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1015 S 1st Avenue, Phoenix, AZ 85003

Phoenix
Local realty services provided by:CENTURY 21 Northwest Realty
1015 S 1st Avenue,Phoenix, AZ 85003
$650,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: robert babineau, alexandra endaya
Office: jason mitchell real estate
MLS#:6992945
Source:ARMLS

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Price summary

  • Price:$650,000

About this home

Exceptional 3-unit, garden-style investment opportunity offering a 9.23% gross CAP rate. The property features a thoughtfully reimagined front residence originally built in 1936 and fully renovated in 2024, along with a newly constructed rear ADU completed in 2024. The unit mix includes one (1) 3-bed/2-bath unit, (1) 2-bed/2bath unit, and (1) 2-bed/1-bath unit. Each residence offers fully upgraded interiors with white quartz countertops, luxury vinyl plank flooring, subway tile showers, stainless steel appliances, and in-unit washer and dryer. Recent exterior improvements include new stucco, dual-pane windows, new HVAC systems, a new roof, and ample on-site storage. Tenants also enjoy access to a spacious shared backyard area, creating a comfortable outdoor setting for residents. designed for shared outdoor living. Ideally situated in the Roosevelt Arts District, the property offers convenient access to Downtown Phoenix's thriving cultural venues, acclaimed dining, and premier...

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Home facts

  • Year built:1936
  • Subdivision & Development:MONTGOMERY
  • Listing ID #:6992945
  • Updated:September 15, 2026 at 06:23 AM

Rooms and interior

  • Flooring:Ceramic Tile, Vinyl

Heating and cooling

  • Cooling:Ceiling Fan(s), Electric
  • Heating:Central

Structure and exterior

  • Year built:1936
  • Construction Materials:Block, Stucco

Schools

  • Middle school:Phoenix #1 iAcademy
  • Elementary school:Lowell Elementary School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$650,000
  • Tax amount:$523 (2025)

Parking

  • Total parking spaces:5
  • Parking description:More Than 1 Parking Space/Unit
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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