Rare opportunity to acquire a fully occupied 5 Unit income-producing property consisting of three separate freestanding buildings on one parcel in the rapidly improving Central Phoenix corridor. This property features a diverse unit mix, extensive recent renovations, and long-term tenants paying premium rents.
Current Gross Income: $76,560 ($6,380/Mo)
Cap Rate: 11+%
2023 Renovations: New flooring, Updated plumbing, Sewer improvements, Interior paint, Exterior paint, Bathroom remodels, Kitchen upgrades.
2025 Improvements: New electrical wiring, New electrical panels with green tags, new addition/extension.
For sale
$539,000
2002 W JEFFERSON Street, Phoenix, AZ 85009
6beds
5baths
--sqft
Multi Family
Built in 1935
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Updated plumbingNew flooringInterior paintExterior paintKitchen upgradesBathroom remodels
- 340 days |
- 213 |
- 28 |
Zillow last checked:
Listing updated:
Listed by:
Zachary Coty 602-516-4767,
Compass
Source: ARMLS,MLS#: 7039118
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Heating
- See Remarks
Cooling
- See Remarks
Appliances
- Included: See Remarks
Features
- Flooring: Other
Property
Parking
- Total spaces: 5
- Parking features: Add'l Parking Avail, On Street
- Uncovered spaces: 5
Lot
- Size: 7,000 Square Feet
- Dimensions: 7000
Details
- Parcel number: 10949120
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- See Remarks
- Roof: Other
Condition
- Year built: 1935
Utilities & green energy
- Electric: Other (See Remarks)
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: No Pool
- Subdivision: CAPITOL ADDITION
Location
- Region: Phoenix
Financial & listing details
- Tax assessed value: $454,800
- Annual tax amount: $906
- Date on market: 7/30/2025
- Cumulative days on market: 340 days
- Listing terms: No Carry,Conventional,1031 Exchange
- 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
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Listed for sale | $539,000-11.5% |
Source:  ARMLS #7039118 Report a problem | ||
| 5/26/2026 | Listing removed | $609,000 |
Source: ARMLS #6893837 Report a problem | ||
| 4/28/2026 | Price change | $609,000-6.3% |
Source: ARMLS #6893837 Report a problem | ||
| 3/30/2026 | Price change | $650,000-18.6% |
Source: ARMLS #6893837 Report a problem | ||
| 11/3/2025 | Price change | $799,000-3.2% |
Source: ARMLS #6893837 Report a problem | ||
| 10/29/2025 | Price change | $825,000-9.8% |
Source: ARMLS #6893837 Report a problem | ||
| 9/29/2025 | Price change | $915,000-6.6% |
Source: ARMLS #6893837 Report a problem | ||
| 8/19/2025 | Price change | $979,500-3.9% |
Source: ARMLS #6893837 Report a problem | ||
| 7/17/2025 | Listed for sale | $1,019,000+101.8% |
Source: ARMLS #6893837 Report a problem | ||
| 10/19/2023 | Sold | $505,000-8.2% |
Source: ARMLS #6599122 Report a problem | ||
| 9/28/2023 | Pending sale | $550,000 |
Source: ARMLS #6599122 Report a problem | ||
| 8/31/2023 | Listed for sale | $550,000+104.6% |
Source: ARMLS #6599122 Report a problem | ||
| 7/1/2021 | Sold | $268,762+1.4% |
Source: Public Record Report a problem | ||
| 10/18/2019 | Sold | $265,000-3.6% |
Source: ARMLS #5939823 Report a problem | ||
| 10/12/2019 | Pending sale | $275,000 |
Source: Coldwell Banker Residential Brokerage - Biltmore-Paradise Valley #5939823 Report a problem | ||
| 10/3/2019 | Listed for sale | $275,000 |
Source: Coldwell Banker Residential Brokerage #5939823 Report a problem | ||
| 9/27/2019 | Pending sale | $275,000 |
Source: Coldwell Banker Residential Brokerage - Biltmore-Paradise Valley #5939823 Report a problem | ||
| 9/26/2019 | Price change | $275,000-5.1% |
Source: Coldwell Banker Residential Brokerage - Biltmore-Paradise Valley #5939823 Report a problem | ||
| 8/28/2019 | Pending sale | $289,900 |
Source: Coldwell Banker Residential Brokerage - Biltmore-Paradise Valley #5939823 Report a problem | ||
| 8/15/2019 | Price change | $289,900-3.3% |
Source: Coldwell Banker Residential Brokerage - Biltmore-Paradise Valley #5939823 Report a problem | ||
| 8/2/2019 | Pending sale | $299,900 |
Source: Coldwell Banker Residential Brokerage - Biltmore-Paradise Valley #5939823 Report a problem | ||
| 6/26/2019 | Listed for sale | $299,900 |
Source: Coldwell Banker Residential Brokerage #5939823 Report a problem | ||
| 6/21/2019 | Pending sale | $299,900 |
Source: Coldwell Banker Residential Brokerage - Biltmore-Paradise Valley #5939823 Report a problem | ||
| 6/14/2019 | Listed for sale | $299,900+99.9% |
Source: Coldwell Banker Residential Brokerage #5939823 Report a problem | ||
| 7/20/2005 | Sold | $150,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $906 +6.2% | $45,480 -1.2% |
| 2024 | $853 +1% | $46,020 +695.4% |
| 2023 | $845 +3.7% | $5,786 -72.7% |
| 2022 | $815 -0.4% | $21,210 +14.6% |
| 2021 | $818 +0.2% | $18,500 +22.9% |
| 2020 | $817 +1.7% | $15,050 +13.8% |
| 2019 | $803 | $13,230 +21.4% |
| 2018 | $803 +2.4% | $10,900 +11% |
| 2017 | $784 +11.2% | $9,820 +38.7% |
| 2016 | $705 -0.1% | $7,080 +12.4% |
| 2015 | $706 | $6,300 +24% |
| 2014 | -- | $5,080 +54.9% |
| 2013 | -- | $3,280 -18.4% |
| 2012 | -- | $4,020 -61.6% |
| 2011 | -- | $10,480 -25.5% |
| 2010 | -- | $14,063 +2.5% |
| 2009 | -- | $13,720 +28.2% |
| 2008 | -- | $10,702 +27.1% |
| 2007 | -- | $8,423 +13.5% |
| 2006 | -- | $7,420 +59.1% |
| 2004 | -- | $4,664 |
| 2003 | -- | $4,664 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
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Climate risks
Neighborhood: Central City
Nearby schools
GreatSchools rating
- 5/10Mary McLeod Bethune SchoolGrades: PK-8Distance: 1.1 mi
- 3/10Central High SchoolGrades: 9-12Distance: 4.1 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Arizona
- Maricopa County
- Phoenix
- 85009
- Central City
- 2002 W JEFFERSON Street
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