1625 W FILLMORE Street, Phoenix, AZ 85007

$642,500
Property Type: Multiple Dwellings Bedrooms: 4 Baths: 4 Status: Active
Current Price: $642,500 Last Modified: 8/17/2026

Overview

Description

1625 W Fillmore St is a 4-unit property being sold together with the parcel next door at 1629 W Fillmore St, for a combined 8-unit transaction. All units are 1-bed/1-bath, individually metered for electric, and 100% occupied. 1625 was rebuilt in 2023 with permits, including new roof, HVACs, electrical panels, and sewer line. 1629 features three units with updated kitchens and appliances plus two new HVAC systems. Value-add opportunity to increase rents to market rate on the next turn of leases. Laundry facility on-site & covered parking for each unit. Centrally located near Downtown Phoenix, ASU's Downtown campus, and the Roosevelt Row Arts District, with easy access to I-10 and I-17 and minutes from Sky Harbor Airport.

Listing Details MLS# 7067660

Location, Tax & Legal

House Number
1625
Compass
W
Street Name
FILLMORE
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85007
Zip4
2247
Country
US
County Code
Maricopa
Subdivision
EAST OAKLAND
Assessor Number
111-26-052
Tax Year
2025
Assessor's Map #
26
Legal Description (Abbrev)
LOT 5 1 EAST OAKLAND MCR 001529
Assessor's Parcel #
52
Add'l Parcels
Yes
Tax Municipality
Maricopa - COUNTY
Census Tract
112900
Taxes
1114
Legal
LOT 5 1 EAST OAKLAND MCR 001529
Marketing Name
1625 W Fillmore St

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
6,250
Year Built
1959
Total # of Units
4
# of Buildings
Yes
Zoning
R-5
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District
Uncvrd Parking Spcs
0

Legal Info

Township
1N
Range
3E
Section
6
Lot Number
5 1

1 Bedroom Units

# 1 Bedroom Units
4
Avg Rent
979
Avg SqFt
544
# Baths
Yes

More Information

Structure

Bedrooms Total
4
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
47418
Net Operating Income
32577

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Phone Call
Yes

Project Type

Four Plex
Yes
5 - 12 Units
Yes

Efficiency Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1114
Other Income
0
Vacancy Allowance
0.5
Adjusted Gross Inc
23709

Pmt & Rate Info

Cap Rate
5.07
Equity
642500
Down Payment %
30
Monthly Payments
2917
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Exterior Amenities

Fenced
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Built-In Electric Oven
Yes
Refrigerator
Yes

Road Surface Type

Asphalt
Yes
Concrete
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
1 Space/Unit
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes
No Carry
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Project Type: Four Plex; 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Fenced Appliances Included: Built-In Electric Oven; Refrigerator Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Carport; 1 Space/Unit Road Surface Type: Asphalt; Concrete Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Phone Call Lockbox Type: None New Financing: Cash; Conventional; No Carry Environmental: None
IDX
Listing Office: ABI Multifamily
Last Updated: August - 17 - 2026
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