AZ
Maricopa
Phoenix
85015
1623 W MISSOURI Avenue
1623 W MISSOURI Avenue, Phoenix, AZ 85015
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Listing Type
Multi Family
Listing Status
Active
25
$4,450,000

Home Details for 1623 W MISSOURI Avenue

Price
$4,450,000
Type
Residential Income
Year built
1964
County
Maricopa
Listing #
7033404
Listing Courtesy: Matthews Real Estate Investment Services - 310-388-0788
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

Property Features
  • Parking
    • Paved
    • Carport
  • Cooling Information
    • Ceiling Fan(s)
  • Heating Information
    • Other
School Information
School Information for 1623 W MISSOURI Avenue, Phoenix, AZ 85015
Elementary School
Solano School
Middle School
N/A
High School
N/A
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Last Updated: 2026-07-06 15:50:30
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EXIT REALTY LIVING
64 E. Broadway Rd. Ste 200, Tempe, AZ 85282
Office
480 791 4604
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