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Listing provided courtesy of Matthews Real Estate Investment Services- MLS# 6986273MLS Provider

2242 E TAYLOR StreetPhoenix, AZ 85006

Multi-Family
$675,000 Active

2242 E TAYLOR Street Overview

Time on Site:
132 days
Visits:
0

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.

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2242 E TAYLOR Street Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: Phoenix Union High School District
  • Elementary School: Wilson Elementary School
  • Middle Or Junior School: Wilson Elementary School
  • High School: North High School

Income/Expenses

  • Gardener Expense: 1500.0
  • Gross Income: 72840.0
  • Gross Scheduled Income: 72840.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 2500.0
  • Net Operating Income: 56147.0
  • Operating Expense: 15443.0
  • Water Sewer Expense: 3480.0

Building Information

  • Year Built: 1944

Location/Region

  • Country: US
  • County Or Parish: Maricopa
  • Postal City: Phoenix
  • Subdivision Name: AVIATION HOMESITES
  • Township: 1N

Community/Development

  • Community Features: No Pool

Tax Information

  • Tax Annual Amount: $1,093.00
  • Tax Year: 2025

General Information

  • Disclosures: None
  • Listing Terms: Owner May Carry,Conventional,1031 Exchange
  • Ownership: Fee Simple
  • Parcel Number: 116-01-043
  • Property Type: Multiple Dwellings
  • Zoning: R-4

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Electric: APS,Individual Meter
  • Flooring: Ceramic Tile,Vinyl

Exterior

Parking Information

  • Open Parking Spaces: 10.0
  • Parking Features: Paved,Free,\u003c1 Space Per Unit

Lot Information

  • Additional Parcels: false
  • Lot Size Dimensions: 56.18 X 166.39 X 57.45
  • Number Of Buildings: 1
  • Road Surface Type: Asphalt
  • Water Source: City Franchise

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Wood Frame,Painted,Stucco
  • Roof: Composition

General Information

  • Exterior Features: Sidewalk(s)
  • Number Of Units Total: 5
  • Sewer: Public Sewer

2242 E TAYLOR Street Neighborhood

Community

85006 (PHOENIX) Demographics

31
Median Age
6,833
Population Density (per sq. mile)
28%
College Educated
$43,567
Estimated Median Income
3,664
Estimated Total Home Owners
5,807
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2242 E TAYLOR Street Monthly Cost

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$ %
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$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2242 E TAYLOR Street Market Data

Based on the last 30 days in this zip code

$558,069
Average List Price
$346
Average Price per Square Foot
16
Properties Sold
88
Average Days on Market
69
Properties for Sale
Calculations provided by Reliance Network

2242 E TAYLOR Street History

Date Event Value Agent
5/5/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$675,000 -14.0%
4/23/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
April 23, 2026
2/18/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
February 18, 2026