2242 E TAYLOR Street, Phoenix, AZ 85006

$639,000

Property Type: Multiple Dwellings Bedrooms: 11 Baths: 5 Status: Active

Current Price: $639,000 Last Modified: 10/15/2026

Overview

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.

Listing Details MLS# 7075484

Location, Tax & Legal

House Number: 2242
Compass: E
Street Name: TAYLOR
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3930
Country: US
County Code: Maricopa
Subdivision: AVIATION HOMESITES
Assessor Number: 116-01-043
Tax Year: 2025

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 56.18 X 166.39 X 57.45
Year Built: 1944
Uncvrd Parking Spcs: 10
Total # of Units: 5
# of Buildings: Yes
Zoning: R-4
Flood Zone: No
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

Remarks Misc

Cross Street: 24th St & Van Buren St

Legal Info

Township: 1N
Range: 3E
Section: 3
Block: Yes
Lot Number: 37

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg Rent: 1150
Avg SqFt: 480
# Baths: Yes

More Information

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1185
Avg SqFt: 520
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: 2
Avg Rent: 1275
Avg SqFt: 700
# Baths: Yes

Structure

Bedrooms Total: 11
Bathrooms Total: 5

Income Expenses

Gross Annual Sch Inc: 72840
Net Operating Income: 56147

Showing Notification Methods

Showing Service: No Showing Service Used

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

Office Phone: 310-388-0788

Office Email: david.harrington@matthews.com

Last Updated: October - 15 - 2026