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$4,450,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 7 hours ago
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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

Full Property Details for 1623 W Missouri Ave

General

  • Price: $4,450,000
  • Taxes: $4,064 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7033404
  • Updated: 5/26/2026
  • Added to Site: Today

Interior

  • Appliances: Built-In Range, Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Flooring: Vinyl

Exterior

  • Exterior Features: Sidewalk(s)

Parking

  • Parking Features: Paved, Free, 1 Space/Unit, Carport

Location

  • County: Maricopa
  • Township: 2N
  • Subdivision: DENTON TRACT

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Individual
  • Heating Type: Other

Utilities

  • Water: Master Meter

Structural Information

  • # Buildings: 8
  • Exterior Const.: Painted, Block
  • Roof: Composition
  • Year Built: 1964

Unit Information

  • Vacancy %: .05

Lot Features

  • Lot Dimensions: 266 x 264 x 128 x 120 x 120 x 144
  • Frontage: Concrete
  • Zoning: R4

Financial Considerations

  • Tax Amount: $4,064
  • Tax Year: 2025
  • Terms: No Carry, Conventional, 1031 Exchange
  • Owner Pays: Pool Maintenance, Landscaping

Disclosures and Reports

  • Legal Description: DENTON TRACT LOT 7 N 123'
  • Property ID: 156-39-007-D
  • Range: 3E
  • Section: 18
  • Lot Number: 7

Listed by Matthews Real Estate Investment Services

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— 1623 W Missouri Ave —

  • Matthews Real Estate Investment Services

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1623 W Missouri Ave

School Districts:Osborn Elementary District, Phoenix Union High School District
NameGradesDistance
Solano School
1526 West Missouri Avenue, Phoenix, AZ 85015
K-60.2 mi
Osborn Middle School
1102 West Highland Avenue, Phoenix, AZ 85013
7-80.7 mi
Central High School
4525 North Central Avenue, Phoenix, AZ 85012
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1623 W Missouri Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/26/2026
Listed
$4,450,000
71.15%
MLS
4/30/2019
Sold
$2,600,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1623 W Missouri Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,064
3%
$122,790
8%
2024
$3,928
4%
$113,740
-15%
2023
$3,794
1%
$133,630
68%
2022
$3,773
—
$79,410
-11%
2022
$3,773
-2%
$89,100
20%
2021
$3,837
3%
$74,080
43%
2020
$3,740
5%
$51,780
24%
2019
$3,578
3%
$41,780
32%
2018
$3,460
9%
$31,690
9%
2017
$3,176
4%
$29,080
34%
2016
$3,064
8%
$21,760
13%
2015
$2,848
10%
$19,260
5%
2014
$2,584
7%
$18,300
9%
2013
$2,417
—
$16,770
—
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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1623 W Missouri Avenue, Phoenix, AZ 85015 (MLS# 7033404) is a Multi-Family property with 29 units containing 0 bedrooms and 0 full bathrooms. 1623 W Missouri Avenue is currently listed for $4,450,000 and was received on May 26, 2026. Want to learn more about 1623 W Missouri Avenue? Do you have questions about finding other Multi-Family real estate for sale in Alhambra? You can browse all Alhambra real estate or contact a Coldwell Banker agent to request more information.

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