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$1,100,000
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Property Description
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.
Full Property Details
Full Property Details for 1841 W Fairmount Ave
General
- Sold For: $1,100,000
- Taxes: $3,644 (2024)
- Status: Closed
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6942492
- Added to Site: 151 day(s) ago
Interior
- Appliances: Refrigerator, Free-Standing Gas Oven
- Flooring: Tile
Parking
- Parking Features: Off Street, 1 Space/Unit
Location
- County: Maricopa
- Township: 2N
- Subdivision: LONG ESTATES
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 2
- Exterior Const.: Wood Frame, Painted
- Roof: Tile, Concrete
- Year Built: 1982
Lot Features
- Lot Dimensions: 128 x 146
- Frontage: Asphalt
- Zoning: Res Rental
Financial Considerations
- Tax Amount: $3,644
- Tax Year: 2024
- Terms: No Carry, Conventional
- Owner Pays: See Remarks
Disclosures and Reports
- Legal Description: LONG ESTATES LOT 1 BLK 1 EX W STRIP PER DKT 3611/216
- Property ID: 110-07-001
- Range: 3E
- Section: 30
- Lot Number: 1
Listed by DeLex Realty
Sold by Gentry Real Estate
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Schools
Schools serving 1841 W Fairmount Ave
School Districts:Osborn Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Encanto School 1426 West Osborn Road, Phoenix, AZ 85013 | K-3 | 0.6 mi |
Clarendon School 1225 West Clarendon Avenue, Phoenix, AZ 85013 | 4-6 | 0.7 mi |
Osborn Middle School 1102 West Highland Avenue, Phoenix, AZ 85013 | 7-8 | 1.2 mi |
Central High School 4525 North Central Avenue, Phoenix, AZ 85012 | 9-12 | 1.7 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 1841 W Fairmount Ave
Date
Details
Price
Change
Source
3/31/2026
Sold
$1,100,000
-21.43%
MLS
1/10/2026
Price Reduced
$1,400,000
-12.23%
MLS
11/18/2025
Price Reduced
$1,595,000
-5.9%
MLS
11/04/2025
Listed
$1,695,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1841 W Fairmount Avenue, Phoenix, AZ 85015 (MLS# 6942492) is a Multi-Family property that was sold at $1,100,000 on March 31, 2026. Want to learn more about 1841 W Fairmount Avenue? Do you have questions about finding other Multi-Family real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

