2242 E TAYLOR Street, Phoenix, AZ 85006
$785,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$785,000
Last Modified:
2/18/2026
Description
A five-unit multifamily investment opportunity in the heart of Phoenix, Arizona. Originally constructed in 1944, the asset features a mix of 1, 2, and 3 bedroom floor plans. Each of the units have been updated within the last few years; however, future ownership will have the opportunity to capture additional upside through continued interior and exterior renovations. The asset is situated with convenient access to Downtown Phoenix, Sky Harbor International Airport, and major transportation corridors including Loop 202 and I-10. The current cap rate is 7.15% and the seller would be open to carrying with 40% down. An offering memorandum including additional photos is available upon request.
More Information MLS# 6986273
Contract Info
Ownership: Fee Simple
Current Price: $785,000
List Price: $785,000
Status: Active
List Date: 2026-02-18
Location, Tax & Legal
Assessor's Map #: 1
Legal Description (Abbrev): AVIATION HOMESITES
Assessor's Parcel #: 43
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113300
Taxes: 1093
Legal: AVIATION HOMESITES
Marketing Name: 2242 E Taylor St
House Number: 2242
Compass: E
Street Name: TAYLOR
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3930
County Code: Maricopa
Subdivision: AVIATION HOMESITES
Assessor Number: 116-01-043
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 56.18 X 166.39 X 57.45
Flood Zone: No
Total # of Units: 5
Elementary School District: Wilson Elementary District
High School District: Phoenix Union High School District
Elementary School: Wilson Elementary School
Jr. High School: Wilson Elementary School
High School: North High School
Year Built: 1944
Zoning: R-4
Legal Info
Range: 3E
Section: 3
Township: 1N
Block: 1
Lot Number: 37
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 1500
Annual Landscape Exp: 1500
Annual Legal & Acctg: 1000
Annual Maint Exp: 2500
Annual Mgmt Exp: 4370
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 3480
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 15443
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 72840
Total Monthly Rental Income: 6070
Pmt & Rate Info
Cap Rate: 7.15
Down Payment: 0
Equity: 785000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
2 or More Units: 1
Exterior Amenities
Fenced: 1
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Disposal: 1
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Unknown: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
<1 Space Per Unit: 1
Paved: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
Owner May Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1150
Avg SqFt: 480
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1185
Avg SqFt: 520
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1275
Avg SqFt: 700
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 24th St & Van Buren St
Geo Lat: 33.454343
Geo Lon: -112.03284
Income Expenses
Gross Annual Sch Inc: 72840
Net Operating Income: 56147
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: Fenced; Sidewalk(s)
Interior Features: Unfurnished; Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Disposal
Cooling: Central Air; 2 or More Units
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: <1 Space Per Unit; Free; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Unknown
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional; Owner May Carry; 1031 Exchange
Environmental: None
Listing Office:
Matthews Real Estate Investment Services
Last Updated: February - 18 - 2026
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