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Sold on 08/15/2026
  • Exterior
  • Other
  • Entry Way
  • Living
  • Bath
  • Bedroom

1015 S 1st Ave, Phoenix, AZ 85003

$650,000

Last sold 08/15/2026 after 164 Days

  • 7

    bed

  • 6

    bath

Multi-family not for sale
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About 1015 S 1st Ave

Property type Multi-family
Neighborhood
Year built 1936
HOA fee $0/month
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.
Listed by
Listing Agent - Robert Babineau
Listing Office - Jason Mitchell Real Estate
Source: ARMLS mls logo
MLS#6992945 • last updated 1 month ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Electric
Heating Forced Air, Central
MLS # 6992945
Type Multiple Dwellings
Status Closed
Property Tax 523
Year Built 1936
Interior
Flooring Ceramic Tile, Vinyl
Appliances Disposal, Dishwasher, Refrigerator, Free-Standing Gas Oven, Microwave, Washer/Dryer
Exterior
Roof Built-Up
Construction Stucco, Block
Parking >1 Space Per Unit
# of Open Parking Spaces 5
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision MONTGOMERY
Community Features Other
Elementary School Lowell Elementary School
Elementary School District Phoenix Elementary District
Middle School Phoenix #1 IAcademy
High School District Phoenix Union High School District
APN 112-24-105
Zoning R5
Directions From 7th Street - Turn West Onto Buckeye Rd - Turn North Onto 1st Street. 2nd House (3rd Lot) On Right.
Multifamily Details
Total # of Units 3
Expense: Operating 523
Financial Data Source Owner
Net Operating Income 66840
Gross Income 66840
Gross Scheduled Income 66840
Lot/ Land Details
Road Surface Asphalt
We are not permitted to show value estimates for this property.
  • Aug 2026
    mls logo MLS # 6992945
  • Aug 15, 2026 Sold
    —
  • Aug 1, 2026 Active
    —
  • Aug 1, 2026 Sold
    $650,000 (-7.1%)
  • Jul 21, 2026 Active
    —
  • May 6, 2026 Price Change
    $699,900 (-2.1%)
  • Mar 4, 2026 Listed
    $714,900
  • Feb 2026
    mls logo MLS # 6979757
  • Feb 28, 2026 Price Change
    $714,900 (-0.6%)
  • Feb 20, 2026 Price Change
    $718,900
  • Feb 17, 2026 Price Change
    $719,000 (-0.6%)
  • Feb 13, 2026 Price Change
    $723,700
  • Feb 9, 2026 Price Change
    $723,800
  • Feb 4, 2026 Listed
    $723,900 (+145.4%)
  • Jun 2024
    mls logo MLS # 6690897
  • Jun 18, 2024 Sold
    $295,000
  • Apr 29, 2024 Pending
    —
  • Apr 22, 2024 Active
    —
  • Apr 12, 2024 Listed
    $324,900
  • Jun 2024
    Public Records
  • Jun 17, 2024 Sold
    $295,000 (-9.2%)
  • Year Property taxes Tax assessment
  • 2024
    $491 +5.0%
    $24,300 +17.62%
  • 2022
    $467 -0.1%
    $20,660 +33.98%
  • 2021
    $468 -1.4%
    $15,420 +25.37%
  • 2020
    $475
    $12,300 +13.26%
  • 2019
    $475 +1.8%
    $10,860 +28.37%
  • 2018
    $466 +3.7%
    $8,460 -4.41%
  • 2017
    $450 +2.9%
    $8,850 +33.89%
  • 2016
    $437 +9.8%
    $6,610
  • 2015
    $398
    —
  • 1015 S 1st Ave
    $650K
  • Central City South
    $312K +10% y/y
  • 85003
    $739K +16% y/y
  • Phoenix
    $464K 0% y/y
No chart available
Statistics calculated by Movoto

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3/10
Lowell School
public Grades PK, K-8
Phoenix Elementary District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
3/10
Central High School
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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