2021 W WASHINGTON Street

Property 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 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 becoming increasingly difficult to find. Bring your vision and unlock the possibilities.

Overview

Property Status

For Sale

MLS ID

7048471

Property Type

Multi-Family

Year Built

1931

Are you interested?

Schedule a Tour

Stephanie Bray

(602) 989-6057 [email protected]

Features & Amenities

Neighborhood

Phoenix

Water Source

City Franchise

Roof

Composition

Parking

1 Space/Unit

Heat Type

None

Air Conditioning

None

Appliances

None

Sewer

Public Sewer

Elementary School

Capitol Elementary School

High School

Central High School

School District

Phoenix Union High School District

Sales Price

$550,000

Real Estate Tax

$1,299/yr

Zoning

R-3

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour, submit an offer, and answer questions about the buying process.

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Thank you

for your interest in 2021 W WASHINGTON Street, Phoenix, AZ 85009

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