Renovated Apartment
For Sale
$1,895,000
1021 East Fairmount Avenue, Phoenix, AZ 85014
Eight-unit apartment property with updated interiors, private outdoor areas, garages, and covered parking.
Property SizeContact for details
Days on Market177
Property Features for 1021 East Fairmount Avenue
General Information
Standard status
Active
Total Parking Spaces
5
Property subtype
Multiple Dwellings
Zoning
R-3
Net Operating Income
$126,747
Financials
Cap Rate
6.03%
Average Monthly Rent
$1,528
Units
Unit Mix
3 x 1x1, 3 x 2x1, 2 x 2x1.5
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$4,003
Amenities
private front and backyards
in-suite washer/dryer or dedicated W/D access
Electric
Natural Gas
Vinyl
Yes
13
8
Composition
Sidewalk(s)
No Pool
3
Wood Frame, Painted, Block
Building Details
Year Built
1964
Listing Agency:
Matthews Real Estate Investment Services
(949) 533-5594
Listed By:
Bradley Skenderian · License #SA692958000
(949) 533-5594
Source:
Compass
Added: Mar 7
Changed: Aug 31
Last Checked: Aug 31 at 12:42AM
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 Matthews Real Estate Investment Services
Investment Insights
Based on property information with market context.
This R-3 apartment property contains 8 units with a mix of three 1x1 apartments, three 2x1 apartments, and two 2x1.5 apartments. Six residences have received renovations that include luxury vinyl plank flooring, quartz countertops, wide workstation sinks, mini range hoods, upgraded lighting, and refreshed bathrooms with new tubs, tile backsplashes, and contemporary vanities. Each unit has either an in-suite washer/dryer or dedicated washer/dryer access.
Outdoor and parking improvements include private front and rear yards, 3 private garages, 2 covered carport spaces, and landscaped grounds. The property is located in Phoenix, Arizona, and current financials reflect a 6.03% cap rate.
Outdoor and parking improvements include private front and rear yards, 3 private garages, 2 covered carport spaces, and landscaped grounds. The property is located in Phoenix, Arizona, and current financials reflect a 6.03% cap rate.
Key Highlights
- 8‑unit apartment property with a mix of 1x1, 2x1, and 2x1.5 units
- 6 units renovated with LVP flooring, quartz counters, updated lighting, and refreshed bathrooms
- In‑suite washer/dryer or dedicated W/D access available for every unit
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,707
Businesses Nearby
Explore this area
Business Placement
Demographics for 85014, AZ
26,381
Population
14,778
Households
1.8
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
4.0 sq mi
ZIP Area
6,595
Density / Sq Mi
$69,995
Median Household Income
$48,465
Median Earnings
$1,339
Median Rent
$447,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit apartment property with updated interiors, private outdoor areas, garages, and covered parking.
Where is this apartment building located?
The property is located at 1021 East Fairmount Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 8‑unit apartment property with a mix of 1x1, 2x1, and 2x1.5 units; 6 units renovated with LVP flooring, quartz counters, updated lighting, and refreshed bathrooms; In‑suite washer/dryer or dedicated W/D access available for every unit
