2242 E Taylor St Phoenix, AZ 85006
Central City NeighborhoodEstimated payment $3,744/month
Highlights
- Ceramic Tile Flooring
- Two cooling system units
- Heating Available
- Phoenix Coding Academy Rated A
- Fenced
About This Home
A five-unit multifamily investment opportunity in the heart of Phoenix, Arizona. Originally constructed in 1944, the asset features a mix of 1, 2, and 3 bedroom floor plans. Each of the units have been updated within the last few years; however, future ownership will have the opportunity to capture additional upside through continued interior and exterior renovations. The asset is situated with convenient access to Downtown Phoenix, Sky Harbor International Airport, and major transportation corridors including Loop 202 and I-10. The current cap rate is 7.15% and the seller would be open to carrying with 40% down. An offering memorandum including additional photos is available upon request.
Listing Agent
Matthews Real Estate Investment Services License #SA692958000 Listed on: 02/18/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,093
Year Built
- Built in 1944
Lot Details
- Fenced
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- Blinds
- Ceramic Tile Flooring
Parking
- 10 Parking Spaces
- Free Parking
- Paved Parking
- 10 Open Parking Spaces
Schools
- Wilson Elementary School
- North High School
Utilities
- Two cooling system units
- Central Air
- Heating Available
- Separate Meters
- Natural Gas Not Available
Listing and Financial Details
- The owner pays for water, sewer, trash collection
- Legal Lot and Block 37 / 1
- Assessor Parcel Number 116-01-043
Community Details
Overview
- 5 Units
- Building Dimensions are 56.18 X 166.39 X 57.45
- Aviation Homesites Subdivision
Building Details
- Operating Expense $15,443
- Gross Income $72,840
- Net Operating Income $56,147
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 | $1,093 | $7,833 | -- | -- |
| 2024 | $1,026 | $7,460 | -- | -- |
| 2023 | $1,026 | $39,160 | $7,830 | $31,330 |
| 2022 | $967 | $27,620 | $5,520 | $22,100 |
| 2021 | $981 | $23,480 | $4,690 | $18,790 |
| 2020 | $977 | $19,200 | $3,840 | $15,360 |
| 2019 | $973 | $16,100 | $3,220 | $12,880 |
| 2018 | $961 | $12,930 | $2,580 | $10,350 |
| 2017 | $893 | $11,750 | $2,350 | $9,400 |
| 2016 | $915 | $8,800 | $1,760 | $7,040 |
| 2015 | $850 | $7,880 | $1,570 | $6,310 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/05/2026 05/05/26 | Price Changed | $675,000 | -14.0% | -- | |
| 02/18/2026 02/18/26 | For Sale | $785,000 | +1126.6% | -- | |
| 05/26/2014 05/26/14 | Sold | $64,000 | -39.6% | -- | View Prior Sale |
| 04/28/2014 04/28/14 | Pending | -- | -- | -- | |
| 12/03/2013 12/03/13 | For Sale | $105,900 | +34.9% | -- | |
| 09/06/2012 09/06/12 | Sold | $78,500 | -7.6% | -- | View Prior Sale |
| 05/15/2012 05/15/12 | Pending | -- | -- | -- | |
| 04/23/2012 04/23/12 | For Sale | $85,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6986273
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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Ask me questions while you tour the home.