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$785,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 6 days ago
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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.

Full Property Details for 2242 E Taylor St

General

  • Price: $785,000
  • HOA FEE: $2,500
  • Taxes: $1,093 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6986273
  • Updated: 2/18/2026
  • Added to Site: 6 day(s) ago

Interior

  • Appliances: Built-In Range, Disposal, Refrigerator
  • Flooring: Ceramic Tile, Vinyl

Exterior

  • Exterior Features: Sidewalk(s)

Parking

  • Parking Features: Paved, Free, <1 Space Per Unit

Location

  • County: Maricopa
  • Township: 1N
  • Subdivision: AVIATION HOMESITES
  • Cross Streets: 24th St & Van Buren St

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, 2 or More Units
  • Heating Type: Electric

Utilities

  • Water: City Franchise

Structural Information

  • # Buildings: 1
  • Exterior Const.: Wood Frame, Painted, Stucco
  • Roof: Composition
  • Year Built: 1944

Lot Features

  • Lot Dimensions: 56.18 x 166.39 x 57.45
  • Frontage: Asphalt
  • Zoning: R-4

Financial Considerations

  • Maint. Fee/Month: $2,500
  • Tax Amount: $1,093
  • Tax Year: 2025
  • Terms: Owner May Carry, Conventional, 1031 Exchange
  • Owner Pays: Trash Collection, Water, Sewer

Disclosures and Reports

  • Legal Description: AVIATION HOMESITES
  • Property ID: 116-01-043
  • Range: 3E
  • Section: 3
  • Block: 1
  • Lot Number: 37

Listed by Matthews Real Estate Investment Services

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Listing agent

— 2242 E Taylor St —

  • Matthews Real Estate Investment Services

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2242 E Taylor St

School Districts:Wilson Elementary District, Phoenix Union High School District
NameGradesDistance
Wilson Elementary School, Phoenix, AZ
2929 East Fillmore Street, Phoenix, AZ 85008
4-80.8 mi
Wilson Primary School
415 North 30th Street, Phoenix, AZ 85008
PK-30.9 mi
North High School
1101 East Thomas Road, Phoenix, AZ 85014
9-122.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2242 E Taylor St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/18/2026
Listed
$785,000
23.14%
MLS
6/07/2023
Sold
$637,500
—
Public Record
Get Price Alerts and Save Property
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 for 2242 E Taylor St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,093
7%
$72,260
9%
2024
$1,022
—
$66,230
5%
2023
$1,026
6%
$63,310
62%
2022
$967
—
$39,160
42%
2022
$967
-1%
$27,620
18%
2021
$981
—
$23,480
22%
2020
$977
—
$19,200
19%
2019
$973
1%
$16,100
25%
2018
$961
8%
$12,930
10%
2017
$893
-2%
$11,750
34%
2016
$915
8%
$8,800
12%
2015
$850
-6%
$7,880
11%
2014
$902
43%
$7,130
91%
2013
$630
—
$3,730
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Matthews Real Estate Investment Services

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2242 E Taylor Street, Phoenix, AZ 85006 (MLS# 6986273) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 2242 E Taylor Street is currently listed for $785,000 and was received on February 18, 2026. Want to learn more about 2242 E Taylor Street? Do you have questions about finding other Multi-Family real estate for sale in Central City? You can browse all Central City real estate or contact a Coldwell Banker agent to request more information.

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