1018 S 4th Avenue Phoenix, AZ 85003

Two Homes on One Lot.
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.