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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$600,000

Est. payment - /mo

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Capitol Blk 43, 44, 35-38, 29, 30

MLS Listing ID 7048471

Year Built 1931

Annual Tax Amount $1,299

Tax Year 2025

Lot Dimensions 14,000

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Exceptional value-add opportunity in the heart of Phoenix. Situated on an expansive 14,000 SF lot, this 5-unit multifamily property offers tremendous potential for investors, developers, and owner-operators seeking their next repositioning project.
The property requires substantial renovation, creating a true blank canvas for value-add improvements, redevelopment, or adaptive reuse potential. Whether your strategy is long-term hold, multifamily investment, workforce housing, or reimagining the site for its highest and best use, this asset offers exceptional flexibility. Ideally located just minutes from Downtown Phoenix and the Arizona State Capitol, with convenient access to I-10, I-17, Sky Harbor International Airport, the Phoenix Bioscience Core, ASU's Downtown Campus, and the city's major sports and entertainment venues. Positioned within an evolving urban corridor experiencing continued public and private investment, this rare large-lot property combines location, density, and long-term upside. Investment opportunities with this combination of size, proximity to the urban core, and repositioning potential are becoming increasingly difficult to find. Bring your vision and unlock the possibilities.

Location

State AZ

County Maricopa

Community Capitol Blk 43, 44, 35-38, 29, 30

Area Maricopa

Zoning R-3

Direction West on Washington to property on south side of street.

Interior

Heating None

Cooling None

Flooring Ceramic Tile

Appliance None

Exterior

Parking Features 1 Space/Unit

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Capitol Elementary School

High Schools Central High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 109-49-101-A

Acceptable Financing Conventional

Disclosures None

Listing Terms Conventional

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Listed by SERHANT. • Stephanie Bray

NEARBY SCHOOL & BUSINESS

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2021 W WASHINGTON Street Phoenix, AZ 85009