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    1123 W Fillmore St Phoenix, AZ 85007

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    For Sale
    $625,000

    Two fourplexes near Downtown Phoenix, value-add opportunity.

    Property Features for 1123 W Fillmore St

    General Information

    Exterior features
    exterior_features, : ["Composition"]
    Interior features
    Interior Feature 1, : "Electric", "Interior Feature 2": "Built-In Range", "Interior Feature 3": "Refrigerator"

    Building Details

    Year built
    1985

    Source: ABI Multifamily Agent ABI Multifamily

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Phoenix Multifamily Investment Opportunity

    Two adjacent fourplexes, located at 1119 & 1123 W Fillmore Ave, Phoenix, AZ 85007, must be sold together. Constructed in 1985, this 8-unit garden-style property features all 2-bed / 1-bath units. Two units are fully remodeled, and six are in original condition, creating a value-add opportunity. The property features solid block construction with individually metered electricity, alleyway parking access, and shared outdoor space. The two fourplexes are on individual parcels and qualify for residential financing. The property is in a prime central location near Downtown Phoenix, ASU Downtown Campus, Roosevelt Row, and major employers, with easy access to I-10, I-17, and Sky Harbor Airport.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Clothing Store Building Supply Daycare Center 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
    -112.0881287
    Latitude
    33.4548606

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    FAQs

    What type of property is this?
    Quadplex - Two fourplexes near Downtown Phoenix, value-add opportunity.
    Where is this quadplex located?
    The property is located at 1123 W Fillmore St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Prime central Phoenix location, near Downtown, ASU Downtown Campus, Roosevelt Row, major employers, and the airport with easy freeway access.; - Two adjacent fourplexes (8 units total) on separate parcels, allowing for residential financing.; - Value-add opportunity with six units in original condition and **two fully remodeled**.
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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
    1123 W Fillmore St Phoenix, AZ 85007
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