Garden-Style 3-Unit Income
For Sale
$699,900
Pending
1015 S 1st Ave, Phoenix, AZ 85003
Three residential units include newly renovated interiors and a 2024 rear ADU, with in-unit laundry and upgraded finishes throughout.
Property SizeContact for details
Days on Market207
Property Features for 1015 S 1st Ave
General Information
Standard status
Pending
Property subtype
Multi-Family
Additional Details
Cap Rate
9.23%
Multifamily Units
3
Building Details
Year Built
1936
Year Renovated
2024
Tenancy
Multi
Listing Agency:
Jason Mitchell Real Estate
Listed By:
Robert Babineau · License #SA692921000
(708) 268-8125
Source:
Phoenixhomehunter
Added: Feb 23
Changed: Sep 17
Last Checked: Sep 18 at 7:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jason Mitchell Real Estate
Investment Insights
Based on property information with market context.
This garden-style 3-unit property presents a fully updated front residence and a newly constructed rear ADU, completed in 2024. The unit mix includes one 3-bedroom/2-bath home, one 2-bedroom/2-bath home, and one 2-bedroom/1-bath home. Interiors feature white quartz countertops, luxury vinyl plank flooring, subway tile showers, stainless steel appliances, and in-unit washer and dryer.
Recent exterior and major system improvements include new stucco, dual-pane windows, new HVAC systems, and a new roof, along with ample on-site storage. Residents also share access to a spacious backyard area.
The property is positioned for convenient access to Downtown Phoenix, including local cultural venues, dining, and entertainment within the Roosevelt Arts District.
Recent exterior and major system improvements include new stucco, dual-pane windows, new HVAC systems, and a new roof, along with ample on-site storage. Residents also share access to a spacious backyard area.
The property is positioned for convenient access to Downtown Phoenix, including local cultural venues, dining, and entertainment within the Roosevelt Arts District.
Key Highlights
- 3‑unit garden‑style property with a 9.23% gross CAP rate
- Front residence built in 1936, fully renovated in 2024
- Newly constructed rear ADU completed in 2024
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Explore this area
Business Placement
Demographics for 85003, AZ
11,042
Population
6,117
Households
1.8
Avg Household Size
37
Median Age
45%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
5,812
Density / Sq Mi
$56,672
Median Household Income
$55,122
Median Earnings
$1,258
Median Rent
$577,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include newly renovated interiors and a 2024 rear ADU, with in-unit laundry and upgraded finishes throughout.
Where is this triplex located?
The property is located at 1015 S 1st Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3‑unit garden‑style property with a 9.23% gross CAP rate; Front residence built in 1936, fully renovated in 2024; Newly constructed rear ADU completed in 2024
