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1015 S 1st Ave
Multi-Family
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$714,900

1015 S 1st Ave, Phoenix

40% below median
0 bd·0 ba·0 sqft
Built 1936Central City South

1015 S 1st Ave, Phoenix, AZ

0 bd · 0 ba · 0 sqft Multi-Family listed at $714,900, built in 1936 in the Central City South neighborhood.

About this home

Exceptional 3-unit, garden-style investment opportunity offering a 9.23% gross CAP rate. The property features a thoughtfully reimagined front residence originally built in 1936 and fully renovated in 2024, along with a newly constructed rear ADU completed in 2024. The unit mix includes one (1) 3-bed/2-bath unit, (1) 2-bed/2bath unit, and (1) 2-bed/1-bath unit. Each residence offers fully upgraded interiors with white quartz countertops, luxury vinyl plank flooring, subway tile showers, stainless steel appliances, and in-unit washer and dryer. Recent exterior improvements include new stucco, dual-pane windows, new HVAC systems, a new roof, and ample on-site storage. Tenants also enjoy access to a spacious shared backyard area, creating a comfortable outdoor setting for residents. designed for shared outdoor living. Ideally situated in the Roosevelt Arts District, the property offers convenient access to Downtown Phoenix's thriving cultural venues, acclaimed dining, and premier entertainment destinations.

Property details

Price
$714,900
Bedrooms
0
Bathrooms
0
Year built
1936
Type
Multi-Family
Days on market
52
Est. property tax
$4,432/yr · $369/mo · 0.62% AZ avg
Last sold
$295,000 · Jun 2024

Estimated monthly payment

Down payment20% ($142,980)
Interest rate6.75%
Principal & Interest$3,709
Property Tax$655
Insurance$150
Total$4,515/mo

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Price history

$767K$509K$252K$295K on Jun 24 (Sold)$724K on Feb 26 (Initial list)$724K on Feb 26 (Price change)$724K on Feb 26 (Price change)$719K on Feb 26 (Price change)$719K on Feb 26 (Price change)$715K on Feb 26 (Price change)$715K on Mar 26 (Initial list)
$295K · Jun 24$715K · Mar 26
  1. Mar 4, 2026$714,900Initial list price
  2. Feb 28, 2026$714,900Price change
  3. Feb 20, 2026$718,900Price change
  4. Feb 17, 2026$719,000Price change
  5. Feb 13, 2026$723,700Price change
  6. Feb 9, 2026$723,800Price change
  7. Feb 5, 2026$723,900Initial list price
  8. Jun 17, 2024$295,000Sold

Location

This home is located in Phoenix, AZ, in the Phoenix / Scottsdale area. Browse more Phoenix listings on the Phoenix market page or explore the full Phoenix market report.

Location

Map of 1015 S 1st Ave, Phoenix
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Home Intelligence

Neighborhood (zip 85003)

This neighborhood is primarily renter-occupied (29% owner-occupied). Median age is 36.4; 31% hold a bachelor's degree; median household income is $49,607.

Median income
$49,607
Median age
36.4
Owner-occupied
28.7%
Bachelor's degree
31.2%
Census median home value
$536,800

Source: US Census Bureau American Community Survey 5-year estimates.

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