Listing Details:
Listing ID: 7033404
Updated: 5/26/2026 4:55pm
| Status | Active/For Sale |
| Days On Market | N/A |
| Taxes | $4,064.00 |
| HOA | N/A |
| Type | N/A |
| Open Parking | 10 |
| Year Built | 1964 |
| Lot Size | 0.00 |
| County | Maricopa |
| Listed By | Matthews Real Estate Investment Services |
Description:
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
Property Location:
Listed By: Matthews Real Estate Investment Services | Bradley Skenderian 949-533-5594
Source: ARMLS
All information should be verified by the recipient, and none is guaranteed as accurate by ARMLS.
