2021 W WASHINGTON Street, Phoenix, AZ 85009 (MLS# 7048471)

2021 W WASHINGTON Street, Phoenix, AZ 85009

New Listing

$600,000

Property Type: Multiple Dwellings Status: Active

Current Price: $600,000 List Date: 7/03/2026 Last Modified: 7/03/2026

Overview

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

Supplements: 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 becom ... (Read more)

Listing Details MLS# 7048471

Location, Tax & Legal

House Number: 2021
Compass: W
Street Name: WASHINGTON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 5271
Country: US
County Code: Maricopa
Subdivision: CAPITOL BLK 43, 44, 35-38, 29, 30
Assessor Number: 109-49-101-A
Tax Year: 2025
Assessor's Map #: 49
Legal Description (Abbrev): LOT 5 BLOCK 43 CAPITOL BLK 43, 44, 35-38, 29, 30 MCR 000213
Assessor's Parcel #: 101
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114402
Taxes: 1299
Legal: LOTS 5 & 6 BLK 43 CAPITOL MCR 2-13 P/F 85-618588
Marketing Name: --

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 14,000
Year Built: 1931
Total # of Units: 5
# of Buildings: 4
Zoning: R-3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Capitol Elementary School
High School: Central High School
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: WASHINGTON ST AND 19TH AVE
Directions: West on Washington to property on south side of street.

Legal Info

Township: 1N
Range: 2E
Section: 12
Block: 43
Lot Number: 5

Showing Notification Methods

Showing Service: Aligned Showings

More Information

Efficiency Units

# Efficiency Units: 5
Avg Rent: 0

1 Bedroom Units

# 1 Bedroom Units: 2
Avg SqFt: 625
# Baths: Yes
Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 2
Avg SqFt: 750
# Baths: 2
Avg Rent: 0

3 Bedrooms Units

# 3 Bedroom Units: Yes
# Baths: Yes
Avg Rent: 0

4 Bedrooms Units

# Baths: Yes
Avg Rent: 0

Project Type

5 - 12 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 1299
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Pmt & Rate Info

Down Payment: 0
Equity: 600000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

None: Yes

Cooling

None: Yes

Exterior Amenities

Desert Landscaping: Yes
Partially Fenced: Yes

Tenant Pays

Other (See Remarks): Yes

Appliances Included

None: Yes

Road Surface Type

Gravel: Yes

Source of Fincl Data

Unknown: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

1 Space/Unit: Yes

Electric

APS: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Electric: Yes
Trash Collection: Yes

New Financing

Cash: Yes
Conventional: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Project Type: 5 - 12 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced Appliances Included: None Heating: None Cooling: None Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: 1 Space/Unit Road Surface Type: Gravel Owner Pays: Water; Electric; Trash Collection Tenant Pays: Other (See Remarks) Source of Fincl Data: Unknown Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Environmental: None

Listing Office: SERHANT.

Last Updated: July - 03 - 2026