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1841 W FAIRMOUNT Avenue
Phoenix AZ 85015 US

$1,400,000

Active Under Contract Listing ID 6942492
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$1,400,000

Active Under Contract Listing ID 6942492
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1841 W FAIRMOUNT Avenue 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. Appraisal completed Sept 2025 and available upon request. 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.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Floor Covering: Tile
  • Roof Type: Tile, Concrete
  • Heating Fuels: Forced Air

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1400000
  • unparsedaddress: 1841 W FAIRMOUNT Avenue
  • postalcity: Phoenix
  • stateorprovince: AZ
  • country: US
  • postalcode: 85015
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 33.49295
  • longitude: -112.09967
  • listagentfullname: Paul D Eide
  • listagentemail: paul@phoenixhomerealtor.com
  • listagentkey: 3yd-ARMLSAZ-pe072
  • listagentmlsid: pe072
  • listagentpreferredphone: 5202656841
  • listagentofficephone: 5202656841
  • listofficekey: 3yd-ARMLSAZ-dele002
  • listofficemlsid: dele002
  • disclaimer: Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: ARMLSAZ
  • yearbuilt: 1982
  • listingcontractdate: 2025-11-04
  • listagenturl: www.phoenixhomerealtor.com
  • countyorparish: Maricopa
  • parcelnumber: 110-07-001
  • elementaryschooldistrict: Osborn Elementary District
  • middleorjuniorschooldistrict: Phoenix Union High School District
  • highschooldistrict: Phoenix Union High School District
  • appliances: Refrigerator, Free-Standing Gas Oven
  • cooling: Central Air
  • constructionmaterials: Wood Frame, Painted
  • flooring: Tile
  • heating: Forced Air
  • numberofunitstotal: 10
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Off Street
  • roof: Tile, Concrete
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -112.09967, 33.49295
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"DeLex Realty, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"sales@delexrealty.com", "ListBrokerageCity":"Glendale", "ListBrokerageCountry":"US", "ListBrokerageEmail":"sales@delexrealty.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/ARMLSAZ/1f3d3a01314911e894d80242ac11000a/20210608180953864.png", "ListBrokerageName":"DeLex Realty, LLC", "ListBrokeragePhone":"(602) 910-3002", "ListBrokeragePostalCode":"85308", "ListBrokerageStateOrProvince":"AZ", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"17224 N 43rd AVE Ste 107", "ListBrokerageWebsiteUrl":"http://www.delexrealty.com", "ListOfficeAddress1":"10115 E Bell Rd #105 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"dele002", "ListOfficeCity":"Scottsdale", "ListOfficeCountry":"USA", "ListOfficeEmail":"stacismedstadbroker@gmail.com", "ListOfficePostalCode":"85260", "ListOfficeStateOrProvince":"AZ", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Phoenix, AZ", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1841-W-Fairmount-Ave_Phoenix_AZ_85015_M24610-71995?f=listhub&s=ARMLSAZ&m=6942492&c=rexren", "MLSModificationTimestamp":"2026-01-19 14:14:05", "Neighborhoods":[{"Description":null, "Name":"LONG ESTATES"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":3644, "TaxDescription":"LONG ESTATES LOT 1 BLK 1 EX W STRIP PER DKT 3611/216", "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/13/2026 11:38:21 AM GMT
Source Updated Date: 3/27/2026 7:14:45 AM GMT

Courtesy of: Paul D Eide, DeLex Realty, paul@phoenixhomerealtor.com

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.