1 E LEXINGTON Avenue 1004, Phoenix, AZ 85012, Phoenix, 85012 - 2 bed, 2 bath
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Phoenix, AZ 85012
This Premium NE Corner High-Rise Residence is an income-generating asset listed at $585,000. While priced above the $520,949 Fair Market Value, the property’s Condition Rating of 3 and rare northeast exposure with views of Piestewa Peak justify the premium. The interior features Bosch appliances and hardwood floors, while the building offers a saltwater pool and EV charging. Located near Osborn Middle School, the unit is tenant-occupied through March 2027, providing immediate cash flow and long-term appreciation potential. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 E LEXINGTON Avenue 1004 Subject | $585,000* List Price | 2 | 2 | 1,169 | $446 | - |
A 1 E LEXINGTON Avenue 902 Sold | $495,000 List Price | 2 | 2 | 1,089 | 0.0 mi | |
B 3131 N CENTRAL Avenue 6010 Sold | $435,000 | 2 | 2 | 1,109 | $392 | 0.1 mi |
C 3131 N Central Avenue 4007 Sold | $483,500 List Price | 2 | 2 | 1,374 | 0.1 mi | |
D 3131 N CENTRAL Avenue 4007 Sold | $605,000 List Price | 2 | 2 | 1,374 | 0.1 mi | |
E 3131 N CENTRAL Avenue 6011 Sold | $499,000 | 2 | 2 | 1,112 | $449 | 0.1 mi |
F 3131 N CENTRAL Avenue 7014 Sold | $637,900 List Price | 2 | 2 | 1,125 | 0.1 mi | |
G 1 E LEXINGTON Avenue 1302 Active | $499,900 List Price | 2 | 2 | 1,089 | $459 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008, this property fits the criteria for a 'good' rating as it is between 10 and 20 years old and remains move-in ready. The interior features high-end Bosch stainless steel appliances, granite countertops, and hardwood flooring that appear well-maintained. The modern industrial loft style, characterized by 11-foot concrete ceilings and floor-to-ceiling windows, remains stylistically relevant. The listing also notes the unit was recently painted and is impeccably maintained, suggesting no immediate need for major renovations.
As a rare Northeast corner unit, the residence provides unobstructed panoramic views of Camelback Mountain and Piestewa Peak while benefiting from reduced direct solar heat gain.
The interior features sophisticated 11-foot concrete loft-style ceilings, floor-to-ceiling windows with solar shades, and high-end Bosch appliances, offering a sleek urban aesthetic.
Residents enjoy an upscale lifestyle with 24/7 concierge, security, two side-by-side parking spaces with EV charging, and resort-style facilities including a heated saltwater pool and a large gym.
The property is currently tenant-occupied with a lease extending through March 2027, which limits the pool of buyers to investors rather than immediate owner-occupants.
At $820 per month, the association fees are relatively high, which may deter some buyers and requires a higher rental yield to offset the carrying costs.
Views, views, views! Premium NE Corner high-rise residence! Spectacular view rental, tenant occupied with 1 year Lease through March 2027. Endless views of the city, Camelback Mtn and Piestewa Peak! Iconic 1 Lexington, modern elegance, great location, and effortless lock-and-leave convenience. Sleek interior features, hardwood floors, granite counters, high end Stainless Steel Bosch appliances and more. 11 ft plus concrete loft style ceilings with exposed duct work, split floor plan, walk in master closet, in-unit Washer and Dryer and floor to ceiling windows with solar shades all the way around. Rarely available Northeast corner exposure, best views with minimum direct sun. Hip, sophisticated community conveniently located only steps from Light Rail station. All All the amenities you would expect in an upscale high-rise community--Concierge, full security, garage parking with 2 side by side spaces, EV charging, huge gym, resort like heated Saltwater Pool, Spa & Cabanas, BBQs and firepit. Private community dog walk. Walking distance to Creighton University, St. Joseph Medical Center. Ride the Light Rail to Suns, D'Backs, art museum, and Sky Harbor. Impeccably maintained and recently painted.
No exterior & parking available.
Grades PK-8 • 0.9 mi
Grades PK-8 • 1.0 mi
Grades 7-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,169 | 1,125 | 63% |
| Lot Size | - | 867 | 5% |
| Price | $585.0K | $340.0K | 95% |
| Price per sq ft | $500 | $370 | 95% |
| Built year | 2008 | 2008 | 50% |
| HOA | $820 | $533 | 84% |
| Days on market | 160 | 1104 | 21% |
Nov 17, 2025
$585,000
Initial Listing