1802 W Sherman St Phoenix, AZ 85007
Central City NeighborhoodEstimated payment $3,269/month
Highlights
- RV or Boat Parking
- 8 Car Attached Garage
- Central Heating and Cooling System
- Phoenix Coding Academy Rated A
- Multiple cooling system units
- Carpet
About This Home
Investor Special! This duplex offers 2 bedrooms, 2 bathrooms, and a 2 car garage, conveniently located near the downtown area with easy access to I-17. The property has been recently updated and sits in a high-demand location experiencing significant growth. Enjoy proximity to all that downtown Phoenix has to offer, including top restaurants, shopping, entertainment, and stadiums. An added bonus includes RV parking with a separate electrical meter, creating potential for extra rental income. This is an excellent opportunity to add to your rental portfolio, flip, or buy and hold for long-term appreciation. Please note, the property is tenant occupied—do not disturb tenants.This home qualifies for a limited-time lender-paid 2-1 buydown— reduced monthly payments for the first 2 years years at no cost to the buyer or seller.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,458
Year Built
- Built in 2006
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Carpet
Parking
- 8 Car Attached Garage
- Over 1 Space Per Unit
- Free Parking
- RV or Boat Parking
Schools
- Ralph Waldo Emerson Elementary School
- Central High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Multiple Heating Units
- Heat Pump System
Listing and Financial Details
- Tax Lot 155
- Assessor Parcel Number 112-09-157
Community Details
Overview
- 2 Buildings
- 2 Units
- Building Dimensions are 50 x 136 6769sqft
- Wise Add Subdivision
Building Details
- Operating Expense $2,813
- Gross Income $40,800
- Net Operating Income $40,800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,549 | $10,903 | -- | -- |
| 2024 | $1,444 | $10,384 | -- | -- |
| 2023 | $1,444 | $44,770 | $8,950 | $35,820 |
| 2022 | $1,393 | $35,520 | $7,100 | $28,420 |
| 2021 | $1,382 | $30,950 | $6,190 | $24,760 |
| 2020 | $1,398 | $23,400 | $4,680 | $18,720 |
| 2019 | $1,396 | $18,750 | $3,750 | $15,000 |
| 2018 | $1,372 | $18,070 | $3,610 | $14,460 |
| 2017 | $1,340 | $17,260 | $3,450 | $13,810 |
| 2016 | $1,302 | $16,110 | $3,220 | $12,890 |
| 2015 | $1,205 | $14,730 | $2,940 | $11,790 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/11/2025 11/11/25 | Price Changed | $600,000 | -4.0% | -- |
| 10/07/2025 10/07/25 | Price Changed | $625,000 | -3.8% | -- |
| 08/18/2025 08/18/25 | For Sale | $650,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Cash Sale Deed | $105,000 | Chicago Title | |
| Trustee Deed | $227,239 | First American Title | |
| Warranty Deed | $265,000 | Capital Title Agency Inc | |
| Warranty Deed | $46,000 | -- | |
| Cash Sale Deed | $30,000 | Chicago Title Insurance Co | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $53,000 | Stand Alone Second | |
| Previous Owner | $212,000 | Purchase Money Mortgage | |
| Previous Owner | $100,000 | Construction |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6917397
APN: 112-09-157
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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