2021 W WASHINGTON Street, Phoenix, AZ 85009

$500,000

Property Type: Multiple Dwellings Bedrooms: 14 Baths: 7 Status: Active

Current Price: $500,000 List Date: 7/03/2026 Last Modified: 10/09/2026

Overview

Description

Exceptional value-add opportunity in the heart of Phoenix. Situated on an expansive 14,000 SF lot, this 5-unit multifamily property offers tremendous potential for investors, developers, and owner-operators seeking their next repositioning project. The property requires substantial renovation, creating a true blank canvas for value-add improvements, redevelopment, or adaptive reuse potential. Whether your strategy is long-term hold, multifamily investment, workforce housing, or reimagining the site for its highest and best use, this asset offers exceptional flexibility. Ideally located just minutes from Downtown Phoenix and the Arizona State Capitol, with convenient access to I-10, I-17, Sky Harbor International Airport, the Phoenix Bioscience Core, ASU's Downtown Campus, and

Supplements: the city's major sports and entertainment venues. Positioned within an evolving urban corridor experiencing continued public and private investment, this rare large-lot property combines location, density, and long-term upside. Investment opportunities with this combination of size, proximity to the urban core, and repositioning potential are becom ... (Read more)

Listing Details MLS# 7048471

Location, Tax & Legal

House Number: 2021
Compass: W
Street Name: WASHINGTON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 5271
Country: US
County Code: Maricopa
Subdivision: CAPITOL BLK 43, 44, 35-38, 29, 30
Assessor Number: 109-49-101-A
Tax Year: 2025

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 14,000
Year Built: 1931
Total # of Units: 5
# of Buildings: 4
Zoning: R-3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Capitol Elementary School
High School: Central High School

Remarks Misc

Cross Street: WASHINGTON ST AND 19TH AVE
Directions: West on Washington to property on south side of street.

Legal Info

Township: 1N
Range: 2E
Section: 12
Block: 43
Lot Number: 5

Efficiency Units

# Efficiency Units: 5

More Information

1 Bedroom Units

# 1 Bedroom Units: 2
Avg SqFt: 625
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg SqFt: 750
# Baths: 2

3 Bedrooms Units

# 3 Bedroom Units: Yes
# Baths: Yes

4 Bedrooms Units

# Baths: Yes

Structure

Bedrooms Total: 14
Bathrooms Total: 7

Showing Notification Methods

Showing Service: Aligned Showings

Property Features

Project Type: 5 - 12 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced Appliances Included: None Heating: None Cooling: None Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: 1 Space/Unit Road Surface Type: Gravel Owner Pays: Water; Electric; Trash Collection Tenant Pays: Other (See Remarks) Source of Fincl Data: Unknown Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Environmental: None

Listing Office: SERHANT.

Office Phone: 602-525-3992

Office Email: licenses@serhant.com

Last Updated: October - 09 - 2026