2002 W Jefferson St Phoenix, AZ 85009
Central City NeighborhoodEstimated payment $5,264/month
Highlights
- Cooling Available
- Vinyl Flooring
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
Prime Downtown Phoenix 7-Units
7.5% Cap Rate. Offered at $139,928 per unit, this investment generates an estimated annual gross income of $99,600. Tenants are all month to month. Strong in-place returns in a high-demand rental market. Seller may carry the note with half down, IO Payments for 5 years.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $853
Year Built
- Built in 1935
Home Design
- Composition Roof
Flooring
- Vinyl Flooring
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
- Over 1 Space Per Unit
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 24
- Assessor Parcel Number 109-49-120
Community Details
Overview
- 3 Buildings
- 7 Units
- Building Dimensions are 7,000
- Capitol Addition Subdivision
Building Details
- Operating Expense $22,733
- Gross Income $96,612
- Net Operating Income $73,879
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 | $853 | $6,379 | -- | -- |
| 2024 | $845 | $6,076 | -- | -- |
| 2023 | $845 | $31,960 | $6,390 | $25,570 |
| 2022 | $815 | $21,210 | $4,240 | $16,970 |
| 2021 | $809 | $18,500 | $3,700 | $14,800 |
| 2020 | $818 | $15,050 | $3,010 | $12,040 |
| 2019 | $817 | $13,230 | $2,640 | $10,590 |
| 2018 | $803 | $10,900 | $2,180 | $8,720 |
| 2017 | $784 | $9,820 | $1,960 | $7,860 |
| 2016 | $762 | $7,080 | $1,410 | $5,670 |
| 2015 | $705 | $6,300 | $1,260 | $5,040 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/29/2025 09/29/25 | Price Changed | $915,000 | -6.6% | -- |
| 08/19/2025 08/19/25 | Price Changed | $979,500 | -3.9% | -- |
| 07/17/2025 07/17/25 | For Sale | $1,019,000 | +101.8% | -- |
| 10/19/2023 10/19/23 | Sold | $505,000 | -8.2% | $721 / Sq Ft |
| 09/27/2023 09/27/23 | Pending | -- | -- | -- |
| 08/31/2023 08/31/23 | For Sale | $550,000 | +107.5% | $786 / Sq Ft |
| 10/18/2019 10/18/19 | Sold | $265,000 | -3.6% | $379 / Sq Ft |
| 10/08/2019 10/08/19 | Pending | -- | -- | -- |
| 10/03/2019 10/03/19 | For Sale | $275,000 | 0.0% | $393 / Sq Ft |
| 09/27/2019 09/27/19 | Pending | -- | -- | -- |
| 09/26/2019 09/26/19 | For Sale | $275,000 | 0.0% | $393 / Sq Ft |
| 09/26/2019 09/26/19 | Price Changed | $275,000 | -5.1% | $393 / Sq Ft |
| 08/26/2019 08/26/19 | Pending | -- | -- | -- |
| 08/14/2019 08/14/19 | Price Changed | $289,900 | -3.3% | $414 / Sq Ft |
| 08/13/2019 08/13/19 | For Sale | $299,900 | 0.0% | $428 / Sq Ft |
| 07/29/2019 07/29/19 | Pending | -- | -- | -- |
| 06/25/2019 06/25/19 | For Sale | $299,900 | 0.0% | $428 / Sq Ft |
| 06/20/2019 06/20/19 | Pending | -- | -- | -- |
| 06/14/2019 06/14/19 | For Sale | $299,900 | -- | $428 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $505,000 | Pioneer Title Services | |
| Warranty Deed | $268,762 | Magnus Title Agency | |
| Warranty Deed | $265,000 | Equity Title Agency Inc | |
| Warranty Deed | $150,000 | Stewart Title & Trust Of Pho |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $382,500 | New Conventional | |
| Previous Owner | $120,000 | Purchase Money Mortgage | |
| Closed | $15,000 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6893837
APN: 109-49-120
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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