$714,900

1015 S 1ST Avenue, Phoenix, AZ 85003

Multi-Family Home
Built in 1936
—— sqft lot
—— car garage
$——/sqft
Listed 28 days ago

Property Description

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 entertainment destinations.

Listing Status:: Active
Date Added:: March 4, 2026
Data Last Updated:: April 2, 2026 at 4:06AM
Listing Office:: Jason Mitchell Real Estate : 480-522-1030
Listing Agent:: Robert Babineau : 708-268-8125
MLS ID:: 6992945

Flooring: Ceramic TileVinyl
A/C: Ceiling Fan(s)Electric
Heating: Forced AirCentral

Parking: >1 Space Per UnitParking spaces: 5

Roofing: Built-Up
General: StuccoBlock

Road/Access: Asphalt
Originating MLS: Arizona Regional Multiple Listing Service 2
School District: Phoenix Elementary District
County: Maricopa

Zoning: R511224105

Water: City Franchise
Sewer: Public Sewer

Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Robert Babineau , Jason Mitchell Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Lowell School

1121 S 3rd Ave, Phoenix, AZ, 85003

Grades PK-8

0.14 miles away

Lowell School

1121 S 3rd Ave, Phoenix, AZ, 85003

Grades PK-8

0.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.