1623 W MISSOURI Avenue, Phoenix, AZ 85015

Property Description

The Gem on Missouri is a 29-unit multifamily community positioned in the highly desirable Midtown Phoenix submarket. Located at 1623 & 1625 W Missouri Ave, the property was originally constructed in 1963 and spans approximately ±22,400 square feet, with an average unit size of ±772 SF, offering efficient and functional floor plans that appeal to a broad renter base. The property is currently achieving average rents of approximately $1,074, below market comparables averaging $1,317, representing upside of approximately $243 per unit. The asset has already undergone comprehensive interior renovations, including upgraded finishes and in-unit washer and dryer across all units, positioning this as primarily operational value-add opportunity

Listing Status:

Active

Date Added:

May 26, 2026

Data Last Updated:

June 16, 2026 at 3:08AM

Listing Office:

Matthews Real Estate Investment Services : 310-388-0788

Listing Agent:

Bradley Skenderian :

MLS ID:

7033404

Interior

• Flooring: Vinyl
• A/C: Ceiling Fan(s)Individual
• Heating: Other

Exterior

• General: Sidewalk(s)
• Parking: PavedFree1 Space/UnitCarportParking spaces: 39

Construction

• Roofing: Composition
• General: PaintedBlock

Location

• Road/Access: Concrete
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Osborn Elementary District
• County: Maricopa

Lot

• Zoning: R415639007D

Utilities

• Water: Master Meter
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2