2242 E TAYLOR St, Phoenix, AZ 85006

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Listed byMatthews Real Estate Investment Services
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Year built
1944

Utilities

Heating
Electric
Cooling
Multi-split AC, Central Air
Sewer
Public Sewer
Water
Public Water

Estimated monthly costs

Insurance
$125

Taxes

Tax Annual Amount (2025)
$1,093

Public schools

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Sourced from: Arizona Regional Multiple Listing Service (ARMLS) MLS®#: 6986273 Last checked:

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.