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    1940 W Amelia Ave Phoenix, AZ 85015

    New
    Pending
    For Sale
    $599,000

    MULTI_FAMILY - Phoenix, AZ

    Days on Market:
    3
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 1940 W Amelia Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R4
    Rooms
    Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 4
    Bedrooms
    4
    APN
    110-06-012
    Parking features
    Carport
    Appliances
    Free-Standing Range, Refrigerator, Microwave, Washer/Dryer

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1956
    Number of units
    4
    Flooring type
    Vinyl
    Building materials
    Painted, Brick
    Roof type
    Composition

    P. J. Hussey & Associates Inc. (623) 930-7700 [email protected]

    Listing agent Andrew L Thruston (623) 628-5513

    Listing date Dec 4, 2025

    MLS# 6928574 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 listing is for a 4-plex located in the heart of Central Phoenix. The property is a red brick building offering strong investment potential. Four of the units have been remodeled. The property boasts excellent curb appeal, updated interiors, and a solid history of long-term tenants. Turnover is rare, and units are consistently easy to rent thanks to the unbeatable location just minutes from downtown Phoenix. It has walkable access to shopping, dining, and public transportation, with the light rail less than a mile away, the VA Hospital just one mile out, and a bus line right at the property. Each unit is separately metered for gas and electric. The neighborhood is quiet, established, and highly desirable. This is a prime opportunity to own a low-maintenance, high-demand rental property in one of Phoenix's most connected and growing areas. The property is zoned R4.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -112.101675
    Latitude
    33.494329

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained 4-plex in central Phoenix, excellent investment potential.
    Where is this quadplex located?
    The property is located at 1940 W Amelia Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Combined 7 units (4-plex and 3-plex) on two parcels offering strong investment potential and flexibility.; - Prime Central Phoenix location with walkable access to shopping, dining, and public transportation; close to downtown, light rail, and the VA Hospital.; - **Four of the seven units are already remodeled, increasing immediate rental appeal.**
    (623) 628-5513
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    Phoenix, AZ 85015
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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
    1940 W Amelia Ave Phoenix, AZ 85015
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