Search
29-Unit Apartment Building
For Sale
Contact for pricing

1623 W Missouri Ave, Phoenix, AZ 85015

Eight-building community with multiple floor plans, gated access, a pool, fitness center, and covered parking.

Property SizeContact for details
Days on Market147

Property Features for 1623 W Missouri Ave

General Information

Standard status Active
Net Rentable 22,700 SF
Property subtype Multifamily

Additional Details

Multifamily Units 29

Amenities

gated access
in unit washer and dryers
security doors
pool
fitness center
attractive common areas
covered parking

Building Details

Year Built 1963
Buildings 8
Listing Agency: ORION Investment Real Estate
Listed By: William Xander · License #SA695728000
Source: Crexi
Added: Apr 11 Changed: Sep 4 Last Checked: Aug 30 at 9:54AM

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 ORION Investment Real Estate

Investment Insights

Based on property information with market context.

This 29-unit apartment community comprises eight buildings and 22,700 rentable square feet at 1623 W Missouri Ave in Phoenix. The property was built in 1963 and includes one-bedroom, two-bedroom/one-and-a-half-bathroom, two-bedroom/two-bathroom, and three-bedroom/two-bathroom layouts. Unit and property features include in-unit washers and dryers, security doors, gated access, a swimming pool, fitness center, covered parking, and maintained common areas.

The property is located in the Midtown Phoenix Submarket, near a YMCA facility and Solano Elementary School. Thirty-four percent of the units are below market rent, providing a documented rent-positioning consideration for prospective owners. The combination of varied floor plans, shared amenities, and proximity to local educational and recreational facilities supports a broad residential offering.

Key Highlights

  • 29‑unit multifamily community with 22,700 rentable square feet
  • Eight buildings with one‑bedroom through three‑bedroom floor plans
  • Built in 1963 with in‑unit washers and dryers

Property Analytics

Current Use

The Gem Apartment Complex

Suggested Use

Top Pick Grocery & Convenience Store Electrical Service Garden Center (Bike/Boat/Book/etc) Store Acupuncture Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

29
Residential units

Location Intelligence

Trade Area within ½ mile

1,611
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Eight-building community with multiple floor plans, gated access, a pool, fitness center, and covered parking.
Where is this apartment building located?
The property is located at 1623 W Missouri Ave Phoenix, AZ.
What are key features of this property?
This property features: 29‑unit multifamily community with 22,700 rentable square feet; Eight buildings with one‑bedroom through three‑bedroom floor plans; Built in 1963 with in‑unit washers and dryers
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message