801 S 1ST Avenue, Phoenix, AZ 85003 (MLS# 6691116)

801 S 1ST Avenue, Phoenix, AZ 85003

$550,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $550,000 Last Modified: 5/07/2026

Overview

Description

801 S 1st Ave is a triplex situated on a corner lot in Downtown Phoenix. The mix consists of (2) 1bed/1bath and (1) 3bed/1bath units, all separate buildings that are individually metered for electricity and fenced with private yards. Plenty of parking and residents have quick access to attractions like Footprint Center, Chase Field, Roosevelt Row and all of the vibrant restaurants, bars and entertainment spaces Downtown Phoenix has to offer. This triplex presents a great opportunity for investors looking for a value add opportunity or a short erm rental. Units were recently renovated/modernized by the seller (roof/kitchens/bedrooms/exterior/etc) but a new owner can expand on these to further optimize rents. Drive by only. Do not disturb tenants.

Listing Details MLS# 6691116

Location, Tax & Legal

House Number: 801
Compass: S
Street Name: 1ST
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 2503
Country: US
County Code: Maricopa
Subdivision: GERIGS SUB.
Assessor Number: 112-24-001-C
Tax Year: 2023
Assessor's Map #: 24
Legal Description (Abbrev): LOT 1 GERIGS SUB. MCR 000320
Assessor's Parcel #: 1
Assessor Parcel Ltr: C
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114200
Taxes: 554
Legal: LOT 1 GERIGS SUB. MCR 000320
Marketing Name: 1st Avenue Triplex

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 7,250
Year Built: 1909
Uncvrd Parking Spcs: 6
Total # of Units: 3
# of Buildings: 3
Zoning: R-5
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: BUCKEYE/1ST AVE
Directions: North to Sherman, corner of 1st Ave and Sherman. 2 units face north to Sherman and one faces west to 1st Ave

Status Change Info

Off Market Date: 2024-06-10
Under Contract Date: 2024-06-10
Close of Escrow Date: 2024-06-26

Legal Info

Township: 1N
Range: 3E
Section: 8
Lot Number: Yes

More Information

Showing Notification Methods

Showing Service: Non-MLS Showing Service - See Private Remarks

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 1310
Avg SqFt: 460
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1437
Avg SqFt: 996
# Baths: Yes

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Tri-Plex: Yes

Construction

Block: Yes
Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes
Siding: Yes

Roofing

Composition: Yes

Floors

Other: Yes

Sale Includes

Land & Building: Yes
Personal Property: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 554
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Pmt & Rate Info

Equity: 605000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Other: Yes

Heating

Electric: Yes
Natural Gas: Yes

Cooling

Electric: Yes
Window/Wall Unit: Yes

Exterior Amenities

Fenced: Yes
RV/Boat Parking: Yes
Patio/Balcony: Yes

Interior Features

Other (See Remarks): Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Appliances Included

Other: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Other (See Remarks): Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
On Street: Yes
>1 Space Per Unit: Yes
Add'l Parking Avail: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

See Remarks: Yes

New Financing

Other (See Remarks): Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Tri-Plex Construction: Block; Wood Frame Const - Finish: Painted; Stucco; Siding Roofing: Composition Floors: Other Sale Includes: Land & Building; Personal Property Community Features: Other Exterior Amenities: Fenced; RV/Boat Parking; Patio/Balcony Interior Features: Other (See Remarks) Appliances Included: Other Heating: Natural Gas Cooling: Electric; Window/Wall Unit Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: On Street; >1 Space Per Unit; Add'l Parking Avail; Free Road Surface Type: Asphalt Owner Pays: See Remarks Tenant Pays: Electricity; Gas Source of Fincl Data: Other (See Remarks) Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Other (See Remarks) Environmental: None

Listing Office: Orion Investment Real Estate

Last Updated: May - 07 - 2026