1015 S 1ST Avenue Phoenix, AZ 85003

Building Details

Year Built

1936

Listing agency Jason Mitchell Real Estate Show Phone

Listed by Robert Babineau · License #SA692921000 Show Phone

Source Exitrealty

Added: May 7 Updated: Jul 20 at 8:46PM Checked: Jul 21 at 5:00AM

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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.

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

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FAQs

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 Avenue 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