1119 W Fillmore St - Multi-Family FOR SALE


Phoenix, AZ 85007- Grand
$1,300,000 USD
602-714-1297
1119 W Fillmore St, Phoenix, AZ for Sale
$1,300,000 USD
Multi-Family - FOR SALE
1/20
null | Request Cap Rate

1119 W Fillmore St
Phoenix, AZ 85007
Grand


HIGHLIGHTS

  • 8 Units, Built in 1985, Garden-Style Property
  • Unit Mix Consists of All 2-Bed / 1-Bath Units
  • Value-Add Opportunity With Two Fully Remodeled Units & Six in Original Condition
  • Each Unit Individually Metered for Electricity, With Alleyway Parking Access & Shared Outdoor Space
  • Two Fourplexes Situated On Individual Parcels, Qualifying for Residential Financing Options
  • Closing To Occur No Earlier Than January 2nd, 2026. All Tenants Are Currently Month-To-Month

OVERVIEW

Two adjacent fourplexes located at 1119 & 1123 W Fillmore Ave, Phoenix, AZ 85007 (parcels 111-28-102 & 111-28-104) — must be sold together. Built in 1985, this 8-unit garden-style property features all 2-bed / 1-bath units, with two fully remodeled and six in original condition, creating a strong value-add opportunity. Solid block construction with individually metered electricity, alleyway parking access, and shared outdoor space. Two fourplexes on individual parcels qualify for residential financing. Prime central location near Downtown Phoenix, ASU Downtown Campus, Roosevelt Row, and major employers, with easy access to I-10, I-17, and Sky Harbor Airport. Closing to occur no earlier than January 2nd, 2026. All tenants on month-to-month leases, four units currently vacant, and no showings prior to accepted contract.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

8

PRICE/UNIT

$162,500

CAP RATE

Request Cap Rate

% LEASED

62%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1119 & 1123 West Fillmore Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R-5

APN/PARCEL ID

111-28-102,111-28-104

ASK ABOUT THIS PROPERTY

Tom PalestinaABI MultifamilyMore Info
602-714-1297

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tom PalestinaABI MultifamilyMore Info
602-714-1297

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.