UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,629 sqft
Price per Sqft $191
Subdivision Montgomery Add Blks 23-26, 31-34, 39-42, 47-50
MLS Listing ID 6900104
Style Contemporary
Bedrooms 7
HOA Y/N No
Year Built 1986
Annual Tax Amount $889
Tax Year 2024
Lot Size 6,500 Sqft
Acres 0.15
Property Sub-Type Single Family Residence
Property Description
Welcome to 1018 S 4th Avenue, an Elegant, Rare opportunity. A Dual Home Oasis in the rapidly growing Central City South area of Phoenix. This unique R3 zoned property features two full-sized homes on one spacious lot, offering versatility, income potential, and proximity to everything the downtown core has to offer. As you step onto the property, you'll immediately appreciate the ample space, fresh renovations, and thoughtful interior and exterior layout that makes this dual residence ideal for owner-occupiers with rental income potential, multi-generational living, or investment purposes.
The remodeled front home features a bright, open layout with four beds and two baths, while the two story rear house offers three separate bedrooms and a second ful Nestled on a spacious newly steel fenced & gated lot in the Flossmore neighborhood, this rare offering combines modern comforts, excellent rental income potential, and walkable access to Phoenix's top dining, culture, and sports venues. Perfect for investors, extended families, or savvy buyers seeking versatility.
The Front House (Single-Story | ±1,829 SF)
Beautifully remodeled with a clean, contemporary finish, this 4-bedroom, 2-bathroom home is move-in ready. The open-concept living area flows effortlessly into a modern kitchen featuring updated cabinetry, sleek countertops, and a large central island perfect for entertaining or family meals. The bedrooms are generously sized with plenty of natural light and closet space, while both bathrooms have been updated with modern fixtures and finishes. New flooring and fresh paint throughout create a light, airy ambiance. New package rooftop AC unit. Laundry hookups are located conveniently inside, and the front entrance has private fencing for added security and charm.
The Rear House (Two-Story | ±1,800 SF)
Tucked away in the back, the two-story home provides an ideal setup for a second family, long-term tenants, or even short-term rental guests. With 3 spacious bedrooms and 2 bathrooms, plus an upstairs loft area, this home offers flexibility for office space, a kids' play area, or an extended lounge. A full kitchen, separate laundry hookups, new package rooftop AC unit and private access make this a fully independent residencerarely found in central Phoenix. Just minutes from Downtown Phoenix, this property is in a high-demand urban neighborhood poised for growth. Walk or bike to ASU Downtown, Chase Field, Footprint Center, and the Roosevelt Row arts district. Quick access to the I-10 and I-17 freeways makes commuting easy, and Sky Harbor Airport is less than 15 minutes away. Whether you're an investor looking to capitalize on Phoenix's hot rental market or a homeowner wanting to live in one unit while renting the other, this is a prime location with unbeatable upside.
Why 1018 S 4th Ave?
" Two complete homes on one lot - separately metered and self-sufficient " Updated interiors with modern finishes
" No HOA - complete freedom for how you use the space
" Projected income potential: Live in one, rent the other for ~$2,200-$2,500/ month
" Future flexibility: Airbnb, long-term rental, or multi-generational use
" Zoned R-3 - Multifamily opportunity
Nearby Amenities
" 2 minutes to Downtown Phoenix
" 3 blocks to public transportation
" 5 minutes to ASU, Valley Metro Rail
" Close to coffee shops, grocery stores, and schools
The Bottom Line
This is a rare finda multi-unit property in one of Phoenix's most strategic and fastest-developing areas. Whether you're a savvy investor or a homeowner who wants flexibility and rental income, 1018 S 4th Ave is a must-see.
Location
State AZ
County Maricopa
Community Montgomery Add Blks 23-26, 31-34, 39-42, 47-50
Direction Head east on W Buckeye Rd, Turn left onto S 4th Ave. Property will be on the left.
Rooms
Guest Accommodations 1800.0
Den/Bedroom Plus 7
Separate Den/Office N
Interior
Interior Features High Speed Internet, Double Vanity, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Kitchen Island, Pantry, 2 Master Baths, 3/4 Bath Master Bdrm
Heating Electric
Cooling Central Air
Flooring Linoleum, Tile
Fireplaces Type 1 Fireplace, Living Room
Fireplace Yes
Window Features Dual Pane
SPA None
Exterior
Parking Features Gated, RV Gate
Carport Spaces 1
Fence Wood
Community Features Near Bus Stop, Biking/Walking Path
Roof Type Composition
Porch Covered Patio(s)
Private Pool No
Building
Lot Description Gravel/Stone Front, Gravel/Stone Back
Story 1
Builder Name UNK
Sewer Public Sewer
Water City Water
Architectural Style Contemporary
New Construction No
Schools
Elementary Schools Lowell Elementary School
Middle Schools Lowell Elementary School
High Schools Central High School
School District Phoenix Union High School District
Others
HOA Fee Include No Fees
Senior Community No
Tax ID 112-17-114
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Horse Property N
Listing Terms Cash, Conventional
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