2045 W WASHINGTON Street, Phoenix, AZ 85009 (MLS# 7008464)

2045 W WASHINGTON Street, Phoenix, AZ 85009

$599,900

Property Type: Multiple Dwellings Status: Active

Current Price: $599,900 Last Modified: 4/03/2026

Description

Great opportunity in a central Phoenix location! This property is fully rented out and offers strong potential for investors or buyers looking to add value. Situated on a generously sized lot with easy access to downtown, freeways, and employment hubs. With the right vision, this property can be transformed into a solid income-producing asset or primary residence. Perfect for Section 8. There can be a 4th unit which is a studio but currently down to the studs. Phoenix allows ADU's for a great added value. Priced to sell--don't miss this opportunity! See Private Remarks.

More Information MLS# 7008464

Contract Info

Ownership: Fee Simple Current Price: $599,900 List Price: $599,900 Status: Active List Date: 2026-04-03

Location, Tax & Legal

Assessor's Map #: 49 Legal Description (Abbrev): CAPITOL Assessor's Parcel #: 108 Add'l Parcels: No Tax Municipality: Maricopa - COUNTY Census Tract: 114402 Taxes: 1577.48 Legal: LOT 12 43 CAPITOL ADDITION MCR 000213 Marketing Name: CAPITOL ADDITION House Number: 2045 Compass: W Street Name: WASHINGTON St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85009 Zip4: 5256 County Code: Maricopa Subdivision: CAPITOL ADDITION Assessor Number: 109-49-108 Tax Year: 2025

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 0 Lot Size Dimensions: 50 x 140, Corner lot Flood Zone: No Total # of Units: 3 Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District Elementary School: Mary Mcleod Bethune School Jr. High School: Mary Mcleod Bethune School High School: Central High School Year Built: 1948 Zoning: Multiple

Legal Info

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

Project Type

Tri-Plex: 1 Four Plex: 1

Construction

Block: 1 Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Built-Up: 1

Floors

Ceramic Tile: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Elec Exp: 0 Annual Wtr/Swr Exp: 3600 Owner Association: No Annual Ownr Asoc Fee: 0 Annual Other Expense: 1500 Operating Exp: 6677.48 Other Income: 0 Vacancy Allowance: 0.05 Adjusted Gross Inc: 47880 Total Monthly Rental Income: 4200

Pmt & Rate Info

Cap Rate: 7 Equity: 599900 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Electric: 1 Central: 1

Cooling

Central Air: 1 Electric: 1

Exterior Amenities

Partially Fenced: 1 Patio/Balcony: 1

Interior Features

Unfurnished: 1 Fire/Smoke Alarm(s): 1 Vertical Blinds: 1 Mini Blinds: 1

Tenant Pays

Electricity: 1 Cable TV: 1

Appliances Included

Microwave: 1 Refrigerator: 1 Free-Standing Range: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1 Master Meter: 1

Sewer

Sewer - Public: 1

Parking Features

On Street: 1

Electric

APS: 1

Gas

None: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1

New Financing

Cash: 1 Conventional: 1

Existing 1st Loan

Conventional: 1

Existing 1st Loan Type

Fixed: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Environmental

None: 1

Efficiency Units

# Efficiency Units: 1 Avg Rent: 900 Avg SqFt: 600 # Baths: 1

1 Bedroom Units

# 1 Bedroom Units: 1 Avg Rent: 1100 Avg SqFt: 700 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 1 Avg Rent: 1500 Avg SqFt: 900 # Baths: 2

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 1900 Avg SqFt: 1000 # Baths: 2

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: 19th Avenue & Washington Street Directions: From the i17 head east on Jefferson. Turn left on 21st and the property is on the right. Geo Lat: 33.447738 Geo Lon: -112.104235

Income Expenses

Gross Annual Sch Inc: 50400 Net Operating Income: 42000

Property Features

Project Type: Tri-Plex; Four Plex Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Partially Fenced; Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Microwave Heating: Central Cooling: Electric; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS Gas: None Parking Features: On Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed New Financing: Cash; Conventional Environmental: None

Listing Office: Fathom Realty Elite

Last Updated: April - 03 - 2026