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    1841 W Fairmount Ave Phoenix, AZ 85015

    For Sale
    $1,595,000

    MULTI_FAMILY - Phoenix, AZ

    Days on Market:
    19
    Last Refresh:
    Dec 6 at 7:06 pm

    Property Features for 1841 W Fairmount Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Res Rental
    APN
    110-07-001
    Appliances
    Refrigerator, Free-Standing Gas Oven

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air

    Building Details

    Year built
    1982
    Number of units
    10
    Building materials
    Wood Frame, Painted
    Roof type
    Tile, Concrete

    DeLex Realty, LLC (602) 910-3002 [email protected]

    Listing agent Paul D Eide (520) 265-6841

    Listing date Nov 18, 2025

    MLS# 6942492 Listing URL

    Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Phoenix Multifamily Investment Opportunity

    This well-maintained 10-unit multifamily property in Phoenix presents an investment opportunity with consistent income and long-term upside. Constructed in 1971 and 1992, this garden-style community features nine one-bedroom/one-bath units and one two-bedroom/one-bath unit. Each unit includes individual electric meters, dedicated HVAC systems, and separate storage lockers. The property provides 12 off-street parking spaces and a shared community laundry room for resident convenience. The complex has been fully leased and professionally managed for many years under a state-run organization, with the current master lease expiring in March. Ownership currently receives a single monthly payment and is responsible only for property taxes. The property is zoned for residential rental use. Additionally, the adjacent property at 1829 W Fairmount Ave, a 3-bedroom, 3-bath home, is also available for purchase from the same owner, and a bundle opportunity may be considered for qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Reborn Assistance Association Medical Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.09967
    Latitude
    33.49295

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 10-unit apartment complex with value-add potential.
    Where is this apartment building located?
    The property is located at 1841 W Fairmount Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: - Strong value-add potential: opportunity to increase income after the master lease expires in March.; - Consistent income: property has been fully leased and professionally managed for many years.; - Ten units: includes nine 1-bedroom/1-bath units and one 2-bedroom/1-bath unit.
    (520) 265-6841
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1841 W Fairmount Ave Phoenix, AZ 85015
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