1623 W MISSOURI Avenue, Phoenix, AZ 85015
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1623 W MISSOURI Avenue, Phoenix, AZ 85015
1623 W MISSOURI Avenue, Phoenix, AZ 85015
1623 W MISSOURI Avenue, Phoenix, AZ 85015
1623 W MISSOURI Avenue, Phoenix, AZ 85015
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Heath Sullivan

Heath Sullivan

+1(480) 201-5555
$ 4,450,000
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1623 W MISSOURI Avenue Phoenix, AZ 85015

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Denton Tract

MLS Listing ID 7033404

Year Built 1964

Annual Tax Amount $4,064

Tax Year 2025

Lot Dimensions 266x264x128x120x120x144

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

The Gem on Missouri is a 29-unit multifamily community positioned in the highly desirable Midtown Phoenix submarket. Located at 1623 & 1625 W Missouri Ave, the property was originally constructed in 1963 and spans approximately ±22,400 square feet, with an average unit size of ±772 SF, offering efficient and functional floor plans that appeal to a broad renter base. The property is currently achieving average rents of approximately $1,074, below market comparables averaging $1,317, representing upside of approximately $243 per unit. The asset has already undergone comprehensive interior renovations, including upgraded finishes and in-unit washer and dryer across all units, positioning this as primarily
operational value-add opportunity

Location

State AZ

County Maricopa

Community Denton Tract

Area Maricopa

Zoning R4

Interior

Heating Other

Cooling Ceiling Fan(s), Individual

Flooring Vinyl

Equipment Satellite Dish

Appliance Built-In Range, Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer

Exterior

Exterior Feature Sidewalk(s)

Parking Features Paved, Free, 1 Space/Unit, Carport

Community Features Barbecue, Exercise Room, Pool

Roof Type Composition

Private Pool Yes

Building

Sewer Public Sewer

Water Master Meter

Structure Type Sidewalk(s)

New Construction No

Schools

Elementary Schools Solano School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 156-39-007-D

Acceptable Financing No Carry, Conventional, 1031 Exchange

Disclosures None

Listing Terms No Carry, Conventional, 1031 Exchange

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Matthews Real Estate Investment Services • Bradley Skenderian
Heath Sullivan

Heath Sullivan

Agent | License ID: SA702797000

+1(480) 201-5555

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