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For sale
  • Price cut: $50K (6/10)
    $999,000

    1945 W VAN BUREN Street, Phoenix, AZ 85009

    --beds
    2baths
    6,500sqft
    : 
    $6,016/mo
    Get pre-qualified
    Multi Family
    Built in 1952
    -- sqft lot
    $-- Zestimate®
    $154/sqft
    $-- HOA

    What's special

    EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability. CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential: To help showcase the property's possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset. Don't let this rare investment opportunity slip awayact quickly, as it won't last long!
    549 days
    |
    68
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Joseph P Mahoney 480-433-5792,

    JM Realty

    Source: ARMLS,MLS#: 6785949MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 2
      Heating
      • Other
      Cooling
      • Other
      Appliances
      • Included: None
      Features
      • Flooring: Vinyl, Concrete
      Interior area
      • Total structure area: 6,500
      • Total interior livable area: 6,500 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 13
      • Parking features: Paved, On Street
      • Covered spaces: 4
      • Uncovered spaces: 9
      Lot
      • Size: 0.34 Acres
      • Dimensions: 91 x 161
      Details
      • Parcel number: 10931103A
      • Zoning: C3

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Painted, Block
      • Roof: Tile
      Condition
      • Year built: 1952

      Utilities & green energy

      • Electric: APS
      • Sewer: Public Sewer
      • Water: City Franchise

      Community & HOA

      Community
      • Features: No Pool
      • Subdivision: CAPITOL ADDITION
      Location
      • Region: Phoenix

      Financial & listing details

      • Price per square foot: $154/sqft
      • Annual tax amount: $6,034
      • Date on market: 1/23/2025
      • Cumulative days on market: 549 days
      • Listing terms: Other (See Remarks),No Carry
      • Ownership: Fee Simple
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/10/2026Price change$999,000-4.8%$154/sqft
        Source: ARMLS #6785949 Report a problem
        5/6/2026Price change$1,049,000-4.6%$161/sqft
        Source: ARMLS #6785949 Report a problem
        4/7/2026Listed for sale$1,099,900$169/sqft
        Source: ARMLS #6785949 Report a problem
        3/27/2026Pending sale$1,099,900$169/sqft
        Source: ARMLS #6785949 Report a problem
        2/7/2026Price change$1,099,900-4.3%$169/sqft
        Source: ARMLS #6785949 Report a problem
        1/15/2026Price change$1,149,000-4.2%$177/sqft
        Source: ARMLS #6785949 Report a problem
        12/2/2025Price change$1,199,900-4%$185/sqft
        Source: ARMLS #6785949 Report a problem
        9/24/2025Price change$1,249,900-3.5%$192/sqft
        Source: ARMLS #6785949 Report a problem
        8/9/2025Listed for sale$1,295,000$199/sqft
        Source: ARMLS #6785949 Report a problem
        6/27/2025Listing removed$1,295,000$199/sqft
        Source: ARMLS #6785949 Report a problem
        6/5/2025Price change$1,295,000-4.1%$199/sqft
        Source: ARMLS #6785949 Report a problem
        5/19/2025Pending sale$1,350,000$208/sqft
        Source: ARMLS #6785949 Report a problem
        5/13/2025Price change$1,350,000+4.2%$208/sqft
        Source: ARMLS #6785949 Report a problem
        5/7/2025Price change$1,295,000-4.1%$199/sqft
        Source: ARMLS #6785949 Report a problem
        3/5/2025Price change$1,350,000-3.2%$208/sqft
        Source: ARMLS #6785949 Report a problem
        1/24/2025Price change$1,395,000-6.7%$215/sqft
        Source: ARMLS #6785949 Report a problem
        12/19/2024Price change$1,495,000-2.6%$230/sqft
        Source: ARMLS #6785949 Report a problem
        11/19/2024Listed for sale$1,535,000$236/sqft
        Source: ARMLS #6785949 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Central City

        Getting around

        63 / 100
        Somewhat Walkable
        49 / 100
        Some Transit
        62 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Phoenix Elementary District

        Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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