1940 W AMELIA Avenue, Phoenix, AZ 85015

Don’t miss this rare opportunity to own a beautifully maintained 7-unit income property in the heart of Central Phoenix. This listing is for 1940 W Amelia Ave, sold with 1944 W Amelia Ave (separate listing selling for $525,000 MLS# 6928581), this red brick gem features two separate buildings—a 4-plex and a 3-plex—on two parcels, offering flexibility and strong investment potential. With 4 of the 7 units already remodeled, the property boasts excellent curb appeal, updated interiors, and a solid history of long-term tenants. Turnover is rare, and units are consistently easy to rent thanks to the unbeatable location just minutes from downtown Phoenix. Tenants enjoy walkable access to shopping, dining, and public transportation, with the light rail less than a mile away, the VA Hospital just one mile out, and a bus line right at the property. Each unit is separately metered for gas and electric, and the neighborhood is quiet, established, and highly desirable. This is a prime opportunity to own a low-maintenance, high-demand rental property in one of Phoenix’s most connected and growing areas.