$4,295,000
$455K PRICE DROP

845 N 2nd Ave Phoenix, AZ 85003

Downtown Phoenix Neighborhood

Estimated payment $24,716/month

Total Views 7,536
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Wood Flooring
  • 4-minute walk to Roosevelt/Central Ave
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Cooling Available
  • 2-minute walk to Roosevelt Mini Park

About This Home

Set to the backdrop of Downtown Phoenix's sky-reachingoffice infrastructure, among the bustling economic andentertainment prospects of the area's expanding urban culture,stands Westminster (the ''Property''), a 16-unit multifamilyasset offering in the city's all-inclusive, live-work-learn-playcapital. The Property's blend of redone interiors showcasing itshistoric charm is enhanced by a geographically central locationoffering irreplaceable walkability to all downtown has to offer.

Listing Agent

Adam Saylor

Marcus & Millichap License #SA659585000 Listed on: 04/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,956

Year Built

  • Built in 1916

Lot Details

  • Additional Parcels

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Vinyl

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 111-40-090

Community Details

Overview

  • 16 Units
  • Building Dimensions are 7,000 sq ft.

Building Details

  • Operating Expense $86,286
  • Gross Income $339,983
  • Net Operating Income $269,091

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,956

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: DTC
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1916
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Professional Management Expense: 16873.0
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Wood
  • Appliances: Refrigerator, Built-In Gas Oven
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Built-In Gas Oven: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Brick
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: On Street
  • Attached Garage: No
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Lot Info

  • Lot Size: 7,000 sq ft.
  • Additional Parcels: Yes
  • Parcel #: 111-40-090

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 16
  • Electric Expense: 13857.0
  • Annual Gross Income: 339983.15
  • Insurance Expense: 8000.0
  • Maintenance Expense: 16000.0
  • Property Net Operating Income: 269091.0
  • Annual Operating Expense: 86286.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 11956.0
  • Tax Book Number: 111.00
  • Tax Lot: 25

Map

Range of Values:

Collateral Analytics

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 Price Changed $4,295,000 -9.6% --
04/01/2025 04/01/25 For Sale $4,750,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6844417

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85003 Downtown Phoenix

845 N 2nd Ave, Phoenix, AZ

This home is located at 845 N 2nd Ave, Phoenix, AZ 85003 and is currently priced at $4,295,000. This property was built in 1916. 845 N 2nd Ave is a home located in Maricopa County with nearby schools including Kenilworth Elementary School, Phoenix Coding Academy, and Central High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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Adam Saylor
Listing Agent
Adam Saylor
Section Image
Marcus & Millichap
(480) 418-2628