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For sale
  • Price cut: $49.1K (2/7)
    $1,099,900

    1945 W VAN BUREN Street, Phoenix, AZ 85009

    --beds
    2baths
    6,500sqft
    : 
    Multi Family
    Built in 1952
    -- sqft lot
    $-- Zestimate®
    $169/sqft
    $-- HOA

    What's special

    EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability. CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential: To help showcase the property's possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset. Don't let this rare investment opportunity slip awayact quickly, as it won't last long!
    428 days
    |
    160
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 06, 2026 at 03:57pm

    Listed by:

    Joseph P Mahoney 480-433-5792,

    JM Realty

    Source: ARMLS,MLS#: 6785949MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 2
      Heating
      • Other
      Cooling
      • Other
      Appliances
      • Included: None
      Features
      • Flooring: Vinyl, Concrete
      Interior area
      • Total structure area: 6,500
      • Total interior livable area: 6,500 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 13
      • Parking features: Paved, On Street
      • Covered spaces: 4
      • Uncovered spaces: 9
      Lot
      • Size: 0.34 Acres
      • Dimensions: 91 x 161
      Details
      • Parcel number: 10931103A
      • Zoning: C3

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Painted, Block
      • Roof: Tile
      Condition
      • Year built: 1952

      Utilities & green energy

      • Electric: APS
      • Sewer: Public Sewer
      • Water: City Franchise

      Community & HOA

      Community
      • Features: No Pool
      • Subdivision: CAPITOL ADDITION
      Location
      • Region: Phoenix

      Financial & listing details

      • Price per square foot: $169/sqft
      • Annual tax amount: $6,034
      • Date on market: 1/14/2025
      • Cumulative days on market: 428 days
      • Listing terms: Other (See Remarks),No Carry
      • Ownership: Fee Simple
      • Electric utility on property: Yes
      • Road surface type: Asphalt
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        2/7/2026Price change$1,099,900-4.3%$169/sqft
        Source: ARMLS #6785949 Report a problem
        1/15/2026Price change$1,149,000-4.2%$177/sqft
        Source: ARMLS #6785949 Report a problem
        12/2/2025Price change$1,199,900-4%$185/sqft
        Source: ARMLS #6785949 Report a problem
        9/24/2025Price change$1,249,900-3.5%$192/sqft
        Source: ARMLS #6785949 Report a problem
        8/9/2025Listed for sale$1,295,000$199/sqft
        Source: ARMLS #6785949 Report a problem
        6/27/2025Listing removed$1,295,000$199/sqft
        Source: ARMLS #6785949 Report a problem
        6/5/2025Price change$1,295,000-4.1%$199/sqft
        Source: ARMLS #6785949 Report a problem
        5/19/2025Pending sale$1,350,000$208/sqft
        Source: ARMLS #6785949 Report a problem
        5/13/2025Price change$1,350,000+4.2%$208/sqft
        Source: ARMLS #6785949 Report a problem
        5/7/2025Price change$1,295,000-4.1%$199/sqft
        Source: ARMLS #6785949 Report a problem
        3/5/2025Price change$1,350,000-3.2%$208/sqft
        Source: ARMLS #6785949 Report a problem
        1/24/2025Price change$1,395,000-6.7%$215/sqft
        Source: ARMLS #6785949 Report a problem
        12/19/2024Price change$1,495,000-2.6%$230/sqft
        Source: ARMLS #6785949 Report a problem
        11/19/2024Listed for sale$1,535,000$236/sqft
        Source: ARMLS #6785949 Report a problem

        Public tax history

        Public tax history
        Tax history is unavailable.

        BuyAbility℠ payment

        Est. payment
        $6,048/mo
        Principal & interest
        $5672
        Property taxes
        $376
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          Climate risks

          Neighborhood: Central City

          Getting around

          63 / 100
          Somewhat Walkable
          49 / 100
          Some Transit
          62 / 100
          Bikeable

          Nearby schools

          GreatSchools rating
          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.

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