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$1,049,000
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Property Description
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!
Full Property Details
Full Property Details for 1945 W Van Buren St
General
- Price: $1,049,000
- Taxes: $6,034 (2024)
- Status: Active
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6785949
- Updated: 5/6/2026
- Added to Site: 553 day(s) ago
Interior
- Appliances: None
- Flooring: Vinyl, Concrete
Parking
- Parking Features: Paved, On Street
Location
- County: Maricopa
- Township: 1N
- Subdivision: CAPITOL ADDITION
- Cross Streets: 19th Ave and Van Buren
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Other
- Heating Type: Other
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 4
- Exterior Const.: Painted, Block
- Roof: Tile
- Year Built: 1952
Lot Features
- Lot Dimensions: 91 x 161
- Frontage: Asphalt
- Zoning: C3
Financial Considerations
- Tax Amount: $6,034
- Tax Year: 2024
- Terms: Other (See Remarks), No Carry
- Owner Pays: Electricity, Water
Disclosures and Reports
- Legal Description: CAPITOL MCR 2-13 LOTS 12 13 & LOT 11 EX E 30F BLK 53 & PT VAN BUREN ST VAC LY N & ADJ TO SD LOTS & A
- Property ID: 109-31-103-A
- Range: 2E
- Section: 12
- Lot Number: 11
Listed by JM Realty
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Schools
Schools serving 1945 W Van Buren St
School Districts:Phoenix Union High School District, Phoenix Elementary District
| Name | Grades | Distance |
|---|---|---|
Mary Mcleod Bethune School 1310 South 15th Avenue, Phoenix, AZ 85007 | PK-8 | 1.3 mi |
Central High School 4525 North Central Avenue, Phoenix, AZ 85012 | 9-12 | 3.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1945 W Van Buren St
Date
Details
Price
Change
Source
5/06/2026
Price Reduced
$1,049,000
-4.63%
MLS
2/06/2026
Price Reduced
$1,099,900
-4.27%
MLS
1/15/2026
Price Reduced
$1,149,000
-4.24%
MLS
12/02/2025
Price Reduced
$1,199,900
-4%
MLS
9/24/2025
Price Reduced
$1,249,900
-3.48%
MLS
6/05/2025
Price Reduced
$1,295,000
-4.07%
MLS
5/13/2025
Price Increased
$1,350,000
4.25%
MLS
5/07/2025
Price Reduced
$1,295,000
-4.07%
MLS
3/05/2025
Price Reduced
$1,350,000
-3.23%
MLS
1/24/2025
Price Reduced
$1,395,000
-6.69%
MLS
12/19/2024
Price Reduced
$1,495,000
-2.61%
MLS
11/19/2024
Listed
$1,535,000
60.73%
MLS
1/04/2021
Sold
$955,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1945 W Van Buren St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,409
6%
$88,000
-1%
2024
$6,034
1%
$89,150
-20%
2023
$5,975
158%
$110,780
100%
2022
$2,318
—
-100%
2022
$2,318
-44%
$78,804
2%
2021
$4,142
-1%
$77,526
4%
2020
$4,189
—
$74,304
25%
2019
$4,183
22%
$59,454
117%
2018
$3,426
2%
$27,405
—
2017
$3,346
3%
$27,390
56%
2016
$3,250
-54%
$17,550
-57%
2015
$7,137
—
$40,640
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1945 W Van Buren St
1945 W Van Buren Street, Phoenix, AZ 85009 (MLS# 6785949) is a Multi-Family property with 22 units containing 0 bedrooms and 0 full bathrooms. 1945 W Van Buren Street is currently listed for $1,049,000 and was received on November 19, 2024. Want to learn more about 1945 W Van Buren Street? Do you have questions about finding other Multi-Family real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

