1841 W Fairmount Ave
Description
Discover an incredible opportunity to acquire a well-maintained 10-unit multifamily property offering consistent income and long-term upside. This garden-style community, originally constructed in 1971 and 1992, features nine one-bedroom/one-bath units and one two-bedroom/one-bath unit—each equipped with individual electric meters, dedicated HVAC systems, and separate storage lockers. The property provides...Exceptional Investment Opportunity - 10-Unit Apartment Complex with Strong Value-Add Potential
Discover an incredible opportunity to acquire a well-maintained 10-unit multifamily property offering consistent income and long-term upside. This garden-style community, originally constructed in 1971 and 1992, features nine one-bedroom/one-bath units and one two-bedroom/one-bath unit—each equipped with individual electric meters, dedicated HVAC systems, and separate storage lockers. The property provides 12 off-street parking spaces and a shared community laundry room for resident convenience. The complex has been fully leased and professionally managed for many years, with the current master lease expiring in March. Ownership currently receives a single monthly payment and is responsible only for property taxes. Showings are available by appointment only with a minimum of 24 hours' notice. Please do not disturb tenants. Additionally, the adjacent property at 1829 W Fairmount Avea 3-bedroom, 3-bath homeis also available for purchase from the same owner. A bundle opportunity may be considered for qualified buyers.
Property Details for 1841 West Fairmount Avenue
Property Details for 1841 West Fairmount Avenue
| Status | Active |
|---|---|
| MLS # | 6942492 |
| Days on Market | 49 |
| Taxes | $3,644 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multiple Dwellings |
| Year Built | 1982 |
| Lot Size | 0.43 AC / 18,688 SF |
| County | Maricopa County |
Location
Building Information for 1841 West Fairmount Avenue
Payment Calculator
$8,185 per month
30 year fixed, 6.28% Interest
$7,881
$304
$0
Property Information for 1841 West Fairmount Avenue
- Unparsed Address: 1841 W FAIRMOUNT Avenue, Phoenix, AZ 85015
- City: Phoenix
- Coordinates: -112.09967, 33.49295
- Country: US
- County Or Parish: Maricopa
- Latitude: 33.49295
- Longitude: -112.09967
- Postal City: Phoenix
- Postal Code: 85015
- Postal Code Plus4: 5205
- State Or Province: AZ
- Street Suffix: Avenue
- Year Built: 1,982
- Tax Annual Amount: $3,644.00
- Tax Book Number: 110.00
- Tax Legal Description: LONG ESTATES LOT 1 BLK 1 EX W STRIP PER DKT 3611/216
- Tax Lot: 1
- Tax Year: 2,024
- Covered Spaces: 0
- Garage YN: No
- Open Parking Spaces: 12
- Open Parking YN: Yes
- Parking Features: 1 Space/Unit
- Parking Total: 12
- Elementary School District: Osborn Elementary District
- High School District: Phoenix Union High School District
- Building Area Units: Square Feet
- Living Area Units: Square Feet
- Lot Size Dimensions: 128 x 146
- Disclosures: None
- Documents Count: 0
- Ownership: Fee Simple
- Parcel Number: 11007001
- Property Type: Multiple Dwellings
- Public Survey Range: 3E
- Public Survey Section: 30
- Public Survey Township: 2N
- Electric: APS
- Electric On Property YN: Yes
- Sewer: Public Sewer
- Water Source: City Franchise
- Community Features: No Pool
- Construction Materials: Wood Frame, Painted
- Number Of Buildings: 2
- Number Of Units Total: 10
- Roof: Tile, Concrete
- Bathrooms Total Decimal: 0.0
- Bathrooms Total Integer: 0
- Cooling: Central Air
- Cooling YN: Yes
- Heating YN: Yes
- Gross Income: $.00
- Gross Scheduled Income: $.00
- Net Operating Income: $.00
- Operating Expense: $3,644.00
Property History for 1841 West Fairmount Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Nov 18, 2025 | Price Change ARMLS #6942492 | $1,595,000 | — |
| Nov 4, 2025 | Listed (Active) ARMLS #6942492 | $1,695,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 11/18/2025 | Price Change ARMLS #6942492 | $1,595,000 |
| 11/04/2025 | Listed (Active) ARMLS #6942492 | $1,695,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1841 West Fairmount Avenue
Schools near 1841 West Fairmount Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | PK to 8 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Clarendon School PublicPK to 8 | ||
Encanto School PublicPK to 8 | ||
Osborn Middle School Public7 to 8 | ||
Central High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of DeLex Realty
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2025 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
