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!
For sale
Price cut: $49.1K (2/7)
$1,099,900
1945 W VAN BUREN Street, Phoenix, AZ 85009
--beds
2baths
6,500sqft
Est.:
Multi Family
Built in 1952
-- sqft lot
$-- Zestimate®
$169/sqft
$-- HOA
What's special
- 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#: 6785949

Tour with a local agent
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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/7/2026 | Price change | $1,099,900-4.3%$169/sqft |
Source: | ||
| 1/15/2026 | Price change | $1,149,000-4.2%$177/sqft |
Source: | ||
| 12/2/2025 | Price change | $1,199,900-4%$185/sqft |
Source: | ||
| 9/24/2025 | Price change | $1,249,900-3.5%$192/sqft |
Source: | ||
| 8/9/2025 | Listed for sale | $1,295,000$199/sqft |
Source: | ||
| 6/27/2025 | Listing removed | $1,295,000$199/sqft |
Source: | ||
| 6/5/2025 | Price change | $1,295,000-4.1%$199/sqft |
Source: | ||
| 5/19/2025 | Pending sale | $1,350,000$208/sqft |
Source: | ||
| 5/13/2025 | Price change | $1,350,000+4.2%$208/sqft |
Source: | ||
| 5/7/2025 | Price change | $1,295,000-4.1%$199/sqft |
Source: | ||
| 3/5/2025 | Price change | $1,350,000-3.2%$208/sqft |
Source: | ||
| 1/24/2025 | Price change | $1,395,000-6.7%$215/sqft |
Source: | ||
| 12/19/2024 | Price change | $1,495,000-2.6%$230/sqft |
Source: | ||
| 11/19/2024 | Listed for sale | $1,535,000$236/sqft |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$6,048/mo
Principal & interest
$5672
Property taxes
$376
More affordability tools
Climate risks
Neighborhood: Central City
Nearby schools
GreatSchools rating
- 5/10Mary McLeod Bethune SchoolGrades: PK-8Distance: 1.3 mi
- 3/10Central High SchoolGrades: 9-12Distance: 3.9 mi
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.
Local experts in 85009
- Arizona
- Maricopa County
- Phoenix
- 85009
- Central City
- 1945 W VAN BUREN Street






