For sale

Price cut: $55K (8/10)

$1,895,000

1021 E FAIRMOUNT Avenue, Phoenix, AZ 85014

13beds

8baths

6,545sqft

$10,794/mo

Get pre-qualified

Multi Family

Built in 1964

-- sqft lot

$-- Zestimate^®

$290/sqft

$-- HOA

What's special

Modern vanitiesLush landscapingUpdated light fixturesTile backsplashMini range hoodsQuartz countertopsNew tubs

1017 -1031 E Fairmount is an 8-unit apartment community located in the highly desirable Midtown Phoenix submarket. Built in 1966, The unit mix consists of (3) 1x1 units, (3) 2x1 units, and (2) 2x1.5 units, with an average rent of $1,528. 6 of the 8 units have been fully renovated with thoughtful, durable improvements including luxury vinyl plank flooring, quartz countertops, workstation-style extra-wide sinks, mini range hoods, updated light fixtures, and refreshed bathrooms featuring new tubs, tile backsplash, and modern vanities. All units offering in-suite washer/dryer or dedicated W/D access. The property also features large private front and backyards, 3 private garages, 2 covered carport spaces, and lush landscaping. 6.03% cap rate on current financials.

172 days
132
5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 13
Bathrooms: 8

Heating

Natural Gas

Cooling

Electric

Appliances

Included: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer

Features

Flooring: Vinyl

Interior area

Total structure area: 6,545
Total interior livable area: 6,545 sqft

Property

Parking

Total spaces: 5
Parking features: On Street, Carport
Has carport: Yes
Covered spaces: 4
Uncovered spaces: 1

Features

Exterior features: Sidewalk(s)

Lot

Size: 0.45 Acres
Dimensions: 19533

Details

Parcel number: 11806017B
Zoning: R-3

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Frame, Painted, Block
Roof: Composition

Condition

Year built: 1964

Utilities & green energy

Electric: APS, Individual Meter
Sewer: Public Sewer
Water: City Franchise
Utilities for property: Sewer Connected

Community & HOA

Community

Features: No Pool
Subdivision: WEST IDLEWILDE

Location

Region: Phoenix

Financial & listing details

Price per square foot: $290/sqft
Tax assessed value: $1,352,000
Annual tax amount: $4,003
Date on market: 3/12/2026
Cumulative days on market: 172 days
Listing terms: Other (See Remarks),Conventional,1031 Exchange
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/10/2026	Price change	$1,895,000-2.8%$290/sqft
Source: ARMLS #6997176 Report a problem
4/27/2026	Price change	$1,950,000-7.1%$298/sqft
Source: ARMLS #6997176 Report a problem
3/12/2026	Listed for sale	$2,100,000+64.1%$321/sqft
Source: ARMLS #6997176 Report a problem
4/16/2021	Sold	$1,280,000+40.7%$196/sqft
Source: Public Record Report a problem
5/4/2018	Sold	$910,000+82%$139/sqft
Source: Public Record Report a problem
5/26/2017	Listing removed	$965
Source: Zillow Rental Network Report a problem
5/3/2017	Price change	$965-3%
Source: Zillow Rental Network Report a problem
4/23/2017	Listed for rent	$995
Source: Zillow Rental Network Report a problem
8/31/2015	Sold	$500,000$76/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,003 +3.5%	$135,200 -19.8%
2024	$3,869 +3.5%	$168,600 +503%
2023	$3,737 +3.6%	$27,961 -69.9%
2022	$3,607 +0.7%	$92,860 +15.2%
2021	$3,583 +4.6%	$80,610 +16.5%
2020	$3,425 +3.5%	$69,170 +16.5%
2019	$3,310	$59,370 +15.1%
2018	$3,310 +9.1%	$51,580 +22.3%
2017	$3,033 +11.5%	$42,160 +28.7%
2016	$2,720 -3.6%	$32,770 +7.6%
2015	$2,820	$30,460 +83.9%
2013	--	$16,560 -63.1%
2011	--	$44,837 -18.9%
2009	--	$55,285 +12.3%
2007	--	$49,209 +337.4%
2006	--	$11,250
2005	--	$11,250 +27.8%
2004	--	$8,800
2003	--	$8,800 +22.2%
2002	--	$7,200