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1015 S 1ST Avenue Phoenix, AZ $ 723,900
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1015 S 1ST Avenue
$ 723,900
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1015 S 1ST Avenue

Phoenix, AZ, 85003
$ 723,900
Baths0.0

Monthly Estimate*

$ 4,457

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $723,900. This home was built in 1936.

*Gross 9.23% CAP Rate*. 3 Units, Garden-Style Property, Built front building built in 1936/renovated 2024 and back ADU built in 2024. Unit Mix Consists of (1) 3-Bed / 2-Bath Units,(1) 2-Bed / 2-Bath & (1) 2-Bed / 1-Bath Units. Each Unit Features a Fully Upgraded Interior With White Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliances, & In-Suite Washer / Dryer. Exterior Upgrades Include Brand New Stucco, New Windows & AC Units, Ample Storage Space, & Large Common Backyard Area. New roof just installed. Located in the Roosevelt Arts District, Which Provides Easy Access to Downtown Phoenix's Vibrant Cultural Scene, Dining Hotspots, & Entertainment Options.

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Multi-Family Active

Price

$ 723,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 523

Style

Multiple Dwellings

Year Built

1936

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6979757
Features
General
Sewer Public Sewer
Heating Forced Air Central
Cooling Ceiling Fan(s) Electric
Roof Built-Up
Zoning R5
Construction Materials Stucco Block
Year Built 1936
Electric APS
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 66840.0
Community Features Other
County Maricopa
Net Operating Income 66840.0
Operating Expense 523.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name MONTGOMERY ADD BLKS 23-26 31-34 39-42 47-50
Garage Y/N N
Status Active
Directions From 7th Street - Turn West onto Buckeye Rd - Turn North onto 1st Street. 2nd House (3rd Lot) on Right.
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 5.0
Number Of Units Total 3
Carport Y/N N
Elementary School Lowell Elementary School
Tax Annual Amount 523.0
Middle/Junior High School Phoenix #1 iAcademy
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Phoenix Elementary District
Tax Lot 7
Cap Rate 9.23
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
New Financing: VA True
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Interior
Flooring Laminate
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features >1 Space Per Unit
Water Source City Franchise
Total Parking 5.0
Number of Buildings 2
Spa N
Lot Dimensions 134'x50'
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1015
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* Excluded Features
List By
Gentry Real Estate

Broker

fidelity.jy@gmail.com

Email

Affordability Calculator

$4,501
Per Month
99%
1%
0%
Monthly Principal & Interest
$4,457
Monthly Property Taxes
$44
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4900930 Elementary School
4905108 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/5/2026$723,900 Listed Price

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1015 S 1ST Avenue, Phoenix, AZ, 85003 is a Multi-Family Home for sale at $723,900. 1015 S 1ST Avenue is a studio with 0.0 baths and was built in 1936. The property's zip code is 85003 which is in Phoenix, AZ

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