Renovated Townhome Apartment
For Sale
$5,895,000
1503 West Missouri Avenue, Phoenix, AZ 85015
R-3-zoned property with updated residences, a townhome-heavy mix, and refreshed roof and pool improvements.
Property SizeContact for details
Days on Market209
Property Features for 1503 West Missouri Avenue
General Information
Standard status
Active
Property subtype
Multiple Dwellings
Zoning
R-3
Net Operating Income
$296,047
Units
Unit Mix
8 x 1BR, 18 x 2BR townhome
Multifamily Units
26
Taxes and HOA fees
Annual Taxes
$11,078
Amenities
pool
in-unit washer/dryer
Individual
Tile, Vinyl
Yes
0.0
Foam
Pool
2
26
Painted, Block
Building Details
Year Built
1967
Listing Agency:
Marcus & Millichap
Listed By:
Christopher Paul Bay · License #SA671037000
(602) 320-8126
Source:
Compass
Added: Feb 7
Changed: Sep 2
Last Checked: Aug 30 at 5:18PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This 26-unit apartment community, completed in 1967, is composed of 8 one-bedroom homes and 18 two-bedroom townhomes, with an average unit size of approximately 823 square feet. Each residence has been renovated with new countertops, cabinetry, stainless steel appliances, upgraded electrical panels, and an in-unit washer and dryer. The property also includes a recently updated roof and pool.
Located at the southwest corner of 15th Avenue and Missouri Avenue in Phoenix, the community is immediately north of Central Phoenix’s major employment corridor. The property is near the North Mountain Preserve, schools, retail, and the I-17 Employment Corridor, which includes approximately 1,200 businesses and more than 43,000 employees.
R-3 zoning supports the existing apartment use. The majority-townhome configuration provides a distinct physical layout, while the updated residences and recent exterior improvements establish a substantial renovation base for continued ownership.
Located at the southwest corner of 15th Avenue and Missouri Avenue in Phoenix, the community is immediately north of Central Phoenix’s major employment corridor. The property is near the North Mountain Preserve, schools, retail, and the I-17 Employment Corridor, which includes approximately 1,200 businesses and more than 43,000 employees.
R-3 zoning supports the existing apartment use. The majority-townhome configuration provides a distinct physical layout, while the updated residences and recent exterior improvements establish a substantial renovation base for continued ownership.
Key Highlights
- 26‑unit apartment community with 18 two‑bedroom townhomes and 8 one‑bedroom units
- Average unit size of approximately 823 square feet
- All units renovated with new countertops, cabinets, stainless steel appliances, upgraded electrical panels, and in‑unit washer/dryers
Property Analytics
Property Profile
Current Use
Lease Details
26
Residential units
Location Intelligence
Trade Area within ½ mile
1,611
Businesses Nearby
Explore this area
Business Placement
Demographics for 85015, AZ
41,436
Population
17,889
Households
2.3
Avg Household Size
33
Median Age
25%
College-Educated
78%
High-School Grad
4.9 sq mi
ZIP Area
8,456
Density / Sq Mi
$52,585
Median Household Income
$36,456
Median Earnings
$1,227
Median Rent
$312,600
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 - R-3-zoned property with updated residences, a townhome-heavy mix, and refreshed roof and pool improvements.
Where is this apartment building located?
The property is located at 1503 West Missouri Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $5,895,000.
What are key features of this property?
This property features: 26‑unit apartment community with 18 two‑bedroom townhomes and 8 one‑bedroom units; Average unit size of approximately 823 square feet; All units renovated with new countertops, cabinets, stainless steel appliances, upgraded electrical panels, and in‑unit washer/dryers
