1623 W Missouri Avenue, Phoenix, AZ 85015

Phoenix
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
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

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

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
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

New listings near 1623 W Missouri Avenue