Cass Stephens CCIM, J.D.,MBA
Cass Stephens CCIM, J.D.,MBA
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1625-29 W. Fillmore St. Phoenix, AZ 85021

Just Listed - $1,285,000

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Property Details

Total Units: 8 (two 4-unit properties)

Unit Mix: All 1BR / 1BA (544 +/- SF each)

Total Size: 4,352 SF combined

Lot:  12,500 SF - Two separate parcels with a shared courtyard

Zoning: R-5

Parking:  8 spaces (covered + on-site) 

Amenities: Private fenced patios, BBQ area with pergola, and landscaped grounds

Sale Condition: To be sold together only (two residential loans possible) No seller financing

Finances

Rents: $995 – $1,195 per unit

Price: $160,625 per unit

Status: The sale includes two 4's on two separate lots with a shared courtyard.

Play: Operational value-add with strong rental upside

Recent Upgrades

1625 W Fillmore: Taken down to the studs and fully rebuilt a few years ago

1629 W Fillmore: Extensively renovated with builder/owner quality work

Both properties offer excellent curb appeal with lush landscaping

Units feature modern layouts and finishes

Parking & Utilities

Ample paved lot in rear for tenant parking 

All units separately metered

All-electric, no gas – tenants pay their own electric

Location & Neighborhood

About 1 mile to Roosevelt Row  

Minutes from Downtown Phoenix

Just blocks from the thriving Grand Ave Retail District

Walkable, infill location with strong tenant demand

Investment Highlights

Rare side-by-side 8-unit package in a prime Downtown Phoenix corridor
 

Fully renovated with builder/owner quality
 

Strong rent base with upside through operations and stabilization
 

Excellent layouts and amenities drive tenant appeal
 

Offered at $160K/unit – fully upgraded, top-to-bottom

CAll or Message meEmailComing soon - View Property on CrexiCurrent Listings

Cass Stephens Commercial Broker

cstephens@ccim.net

602-672-3526

Copyright © 2025 Cass Stephens Commercial Broker - All Rights Reserved.

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