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● For sale

$4,450,000

1623 W MISSOURI Avenue, Phoenix, AZ 85015

DENTON TRACT · Maricopa County

Built 1964 No HOA

5 days on market

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

Property details

Interior

Bathrooms

Total Bathrooms: 0

Appliances

Built-In Range
Free-Standing Range
Refrigerator
Dishwasher
Disposal
Microwave
Washer/Dryer

Heating and Cooling

Cooling Features: Varies by Unit, Ceiling Fan(s)
Heating Features: Other

Exterior

Exterior and Lot Features

Sidewalk(s)

Land Info

Lot Size Dimensions: 266x264x128x120x120x144

Garage and Parking

Attached Garage: No
Parking Features: Open, 1 Space/Unit, Paved, Carport

Community

Neighborhood

Subdivision: DENTON TRACT

Listing

Other Property Info

Annual Tax Amount: $4,064
Source Listing Status: Active
County: Maricopa
Parcel Number: 156-39-007-D
Zoning: R4
Postal City: Phoenix
Listing Date: 5/26/2026
MLS#: 7033404

Features

Building and Construction

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

Utilities

Water Source: Master Meter

Contact Us

Ask a question or schedule a showing

Listed by Bradley Skenderian Matthews Real Estate Investment Services

Listing updated: May 26, 2026

MLS#: 7033404

Data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.