718 W FILLMORE Street, Phoenix, AZ 85007

$480,000
Property Type: Multiple Dwellings Status: Active
Current Price: $480,000 Last Modified: 4/27/2026

Overview

Description

This offering includes two fully renovated multifamily units in a prime infill location directly adjacent to Downtown Phoenix. The property has been extensively upgraded with a new AC system, dual pane windows, new kitchen and bathroom finishes, new LVP flooring in the back unit, and sealed concrete floors in the front unit. The adjacent property at 712 W Fillmore is available as well. That property includes a single-family home and a triplex that provide stable in-place income with additional upside through renovation and rent growth. The properties may be acquired together or separately, providing investors flexibility to tailor the acquisition to their strategy.

Listing Details MLS# 6996631

Location, Tax & Legal

House Number
718
Compass
W
Street Name
FILLMORE
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85007
Zip4
2330
Country
US
County Code
Maricopa
Subdivision
UNIVERSITY ADDITION
Assessor Number
111-29-144
Tax Year
2025
Assessor's Map #
29
Legal Description (Abbrev)
UNIVERSITY
Assessor's Parcel #
144
Add'l Parcels
Yes
Tax Municipality
Phoenix
Census Tract
112900
Taxes
681
Legal
UNIVERSITY
Marketing Name
718 W Fillmore

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
Regular
Year Built
1961
Uncvrd Parking Spcs
2
Total # of Units
2
# of Buildings
2
Zoning
R-5
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
7th Ave & Fillmore St

Legal Info

Township
1N
Range
3E
Section
6
Lot Number
17

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes
Phone Call
Yes

More Information

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
1500
Avg SqFt
515
# Baths
Yes

Project Type

Duplex
Yes

Construction

Block
Yes
Wood Frame
Yes
Brick
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Concrete
Yes
Vinyl
Yes
Sealed
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
681
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
0

Pmt & Rate Info

Equity
400000
Down Payment %
25
Monthly Payments
1250
Total Owed
0

Lockbox Type

Other
Yes

Community Features

No Pool
Yes

Heating

Central
Yes

Cooling

Central Air
Yes

Exterior Amenities

Desert Landscaping
Yes

Interior Features

Unfurnished
Yes
Other (See Remarks)
Yes

Tenant Pays

Gas
Yes
Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
1 Space/Unit
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

None
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
Owner May Carry
Yes
1031 Exchange
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

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Duplex Construction: Block; Wood Frame; Brick Const - Finish: Painted; Stucco Roofing: Composition Floors: Concrete; Vinyl; Sealed Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping Interior Features: Unfurnished; Other (See Remarks) Appliances Included: Free-Standing Range; Refrigerator Heating: Central Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: On Street; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Other Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; Owner May Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Orion Investment Real Estate
Last Updated: April - 27 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.