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2242 E TAYLOR Street Phoenix, AZ $ 785,000
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2242 E TAYLOR Street
$ 785,000
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2242 E TAYLOR Street

Phoenix, AZ, 85006
$ 785,000
Baths0.0

Monthly Estimate*

$ 4,833

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $785,000. This home was built in 1944.

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.

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Multi-Family Active

Price

$ 785,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,093

Style

Multiple Dwellings

Year Built

1944

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6986273
Features
General
Sewer Public Sewer
Heating Electric
Cooling Central Air 2 or More Units
Roof Composition
Zoning R-4
Construction Materials Wood Frame Painted Stucco
Year Built 1944
Electric APS Individual Meter
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 72840.0
Community Features No Pool
County Maricopa
Net Operating Income 56147.0
Operating Expense 15443.0
Insurance Expense 1500.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 2500.0
Subdivision Name AVIATION HOMESITES
Garage Y/N N
Status Active
High School North High School
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 10.0
Number Of Units Total 5
Carport Y/N N
Elementary School Wilson Elementary School
Tax Annual Amount 1093.0
Middle/Junior High School Wilson Elementary School
Trash Expense 0.0
Water Sewer Expense 3480.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Elementary School District Wilson Elementary District
Tax Lot 37
Cap Rate 7.15
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Exterior
Exterior Amenities Sidewalk(s)
Parking Features Paved Free <1 Space Per Unit
Water Source City Franchise
Total Parking 10.0
Number of Buildings 1
Spa N
Lot Dimensions 56.18 X 166.39 X 57.45
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Flooring Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Internal Only
Street Number 1 2242
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* Excluded Features
List By
Matthews Real Estate Investment Services

Broker

brad.skenderian@matthews.com

Email

Affordability Calculator

$4,924
Per Month
98%
2%
0%
Monthly Principal & Interest
$4,833
Monthly Property Taxes
$91
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4897117 Elementary School
4897117 Middle School
North High School High School
See complete school information
Pricing History
Date Price Price Change Description
2/18/2026 $785,000 Listed Price

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2242 E TAYLOR Street, Phoenix, AZ, 85006 is a Multi-Family Home for sale at $785,000. 2242 E TAYLOR Street is a studio with 0.0 baths and was built in 1944. The property's zip code is 85006 which is in Phoenix, AZ

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