$699,900

1015 S 1ST Avenue, Phoenix, AZ 85003

MONTGOMERY · Maricopa County

Built 1936 No HOA

88 days on market

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.

Property details

Interior

Bathrooms

Total Bathrooms: 0

Interior Features

Flooring: Ceramic Tile

Appliances

Refrigerator
Dishwasher
Disposal
Microwave
Washer/Dryer
Free-Standing Gas Oven

Heating and Cooling

Cooling Features: Electric, Ceiling Fan(s)
Heating Features: Central, Forced Air

Exterior

Land Info

Lot Size Dimensions: 134'x50'

Garage and Parking

Attached Garage: No
Parking Features: >1 Space Per Unit

Community

Neighborhood

Subdivision: MONTGOMERY

Listing

Other Property Info

Annual Tax Amount: $523
Source Listing Status: Active
County: Maricopa
Directions: From 7th Street - Turn West onto Buckeye Rd - Turn North onto 1st Street. 2nd House (3rd Lot) on Right.
Parcel Number: 112-24-105
Zoning: R5
Postal City: Phoenix
Listing Date: 3/4/2026
MLS#: 6992945

Features

Building and Construction

Year Built: 1936
Property Age: 90
Construction Materials: Block, Stucco
Roof: Built-Up

Utilities

Water Source: City Franchise

Contact Us

Ask a question or schedule a showing

Listed by Robert Babineau& Alexandra Endaya Jason Mitchell Real Estate

Listing updated: May 6, 2026

MLS#: 6992945

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