1623 W Missouri Avenue, Phoenix, AZ 85015

Phoenix
Local realty services provided by:ERA Brokers Consolidated
1623 W Missouri Avenue,Phoenix, AZ 85015
$4,450,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: bradley skenderian
Office: matthews real estate investment services
MLS#:7033404
Source:ARMLS

Price summary

  • Price:$4,450,000

About this home

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

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Home facts

  • Year built:1964
  • Listing ID #:7033404
  • Updated:May 27, 2026 at 01:28 AM

Rooms and interior

  • Flooring:Vinyl

Heating and cooling

  • Cooling:Ceiling Fan(s), Individual Cooling

Structure and exterior

  • Year built:1964
  • Construction Materials:Block, Painted

Schools

  • Elementary school:Solano School

Utilities

  • Water:Master Meter

Finances and disclosures

  • Price:$4,450,000
  • Tax amount:$4,064 (2025)

Parking

  • Total parking spaces:39
  • Parking description:1 Parking Space/Unit, Carport, Free Parking, Paved
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