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● For sale

$1,950,000

1021 E FAIRMOUNT Avenue, Phoenix, AZ 85014

WEST IDLEWILDE · Maricopa County

Built 1964 No HOA

90 days on market

Description

1017 -1031 E Fairmount is an 8-unit apartment community located in the highly desirable Midtown Phoenix submarket. Built in 1966, The unit mix consists of (3) 1x1 units, (3) 2x1 units, and (2) 2x1.5 units, with an average rent of $1,528. 6 of the 8 units have been fully renovated with thoughtful, durable improvements including luxury vinyl plank flooring, quartz countertops, workstation-style extra-wide sinks, mini range hoods, updated light fixtures, and refreshed bathrooms featuring new tubs, tile backsplash, and modern vanities. All units offering in-suite washer/dryer or dedicated W/D access. The property also features large private front and backyards, 3 private garages, 2 covered carport spaces, and lush landscaping. 6.03% cap rate on current financials.

Property details

Interior

Bathrooms

Total Bathrooms: 0

Appliances

Built-In Range
Refrigerator
Dishwasher
Disposal
Microwave
Washer/Dryer

Heating and Cooling

Cooling Features: Electric
Heating Features: Natural Gas

Exterior

Exterior and Lot Features

Sidewalk(s)

Land Info

Lot Size Dimensions: 19533

Garage and Parking

Attached Garage: No
Parking Features: Carport, On Street

Community

Neighborhood

Subdivision: WEST IDLEWILDE

Listing

Other Property Info

Annual Tax Amount: $4,003
Source Listing Status: Active
County: Maricopa
Parcel Number: 118-06-017-B
Zoning: R-3
Postal City: Phoenix
Listing Date: 3/12/2026
MLS#: 6997176

Features

Building and Construction

Year Built: 1964
Property Age: 62
Construction Materials: Block, Wood Frame, Painted
Roof: Composition

Utilities

Sewer: Sewer-In & Connected
Water Source: City Franchise

Contact Us

Ask a question or schedule a showing

Listed by Bradley Skenderian& Kyle Inman Matthews Real Estate Investment Services

Listing updated: April 27, 2026

MLS#: 6997176

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