1945 W VAN BUREN Street, Phoenix, AZ 85009

$849,900

Virtual Tour

https://home.quickpictours.com/videos/019345bf-4620-70e1-83ea-cd142618e830

Property Type: Multiple Dwellings Bedrooms: 20 Baths: 20 Status: Pending

Current Price: $849,900 Last Modified: 10/08/2026

Overview

Description

EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability.

Supplements: CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chan ... (Read more)

Listing Details MLS# 6785949

Location, Tax & Legal

House Number: 1945
Compass: W
Street Name: VAN BUREN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 3805
Country: US
County Code: Maricopa
Subdivision: CAPITOL ADDITION
Assessor Number: 109-31-103-A
Tax Year: 2024

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 91 x 161
Year Built: 1952
Uncvrd Parking Spcs: 9
Total # of Units: 22
# of Buildings: 4
Zoning: C3
Flood Zone: TBD
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 19th Ave and Van Buren
Directions: West on Van Buren to the property on the SEC of 20th and Van Buren

Status Change Info

Off Market Date: 2026-10-08
Under Contract Date: 2026-10-08

Legal Info

Township: 1N
Range: 2E
Section: 12
Lot Number: 11

More Information

Efficiency Units

# Efficiency Units: 20
Avg SqFt: 325
# Baths: Yes

1 Bedroom Units

# Baths: Yes

Structure

Bedrooms Total: 20
Bathrooms Total: 20

Showing Notification Methods

Showing Service: Aligned Showings

Contact Info

List Agent Home Phn: 480-785-5612

Property Features

Project Type: 13 - 24 Units Other Type: House + Rental Units; Hotel/Motel Construction: Block Const - Finish: Painted Roofing: Tile Floors: Concrete; Vinyl Sale Includes: Land & Building; Personal Property; Laundry Equipment Community Features: No Pool Appliances Included: None Heating: Other Cooling: Other Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: On Street; Paved Road Surface Type: Asphalt Owner Pays: Water; Electric Tenant Pays: Other (See Remarks) Source of Fincl Data: Other (See Remarks) Special: REO Property Lockbox Type: Supra; Combo Existing 1st Loan: Treat as Free&Clear New Financing: Cash; No Carry; Other (See Remarks) Environmental: Other (See Remarks)

Listing Office: JM Realty

Office Phone: 480-785-5612

Office Email: joseph.mahoney@jmrealty.net

Last Updated: October - 08 - 2026