Refine Search
Sort by
$639,000
11 Beds 5 Baths 7075484 MLS
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.

2242 E Taylor Street, Phoenix

Courtesy of Matthews Real Estate Investment Services. 310-388-0788

$195,000
7033415 MLS
510 N 23rd St offers a prime opportunity to build in Phoenix's rapidly growing Edison-Eastlake revitalization area. Situated minutes from the PHX Biomedical Campus and major freeways, this high-demand infill location provides exceptional access to urban employment hubs, downtown dining, and recreational spaces. GROWTH MARKET: Surrounded by high-density redevelopment driving rental demand. UNRIVALED ACCESS: Minutes from I-10 and SR-51 for rapid commutes. CULTURE & OUTDOORS: Near Chase Field, Papago Park, and Camelback Mountain. INVESTMENT POTENTIAL: Capitalize on sustained, strong appreciation in the 85006 ZIP Code. FLEXIBLE TERMS: This is a lender-owned property priced strictly as-is. The owner is also open to contributing the land to a joint venture project.

510 N 23rd Street Unit 35, Phoenix

Courtesy of ABI Multifamily. 602-714-1400

$1,385,000
10 Beds 100 Baths 6989939 MLS
East Taylor is a 10-unit, garden-style multifamily community located in the urban core of Phoenix. Built in 1943, the property consists entirely of one-bedroom/one-bath units with durable tile or vinyl flooring and has benefited from ongoing capital improvements. The asset offers clear value-add potential through interior modernization, addition of private yard spaces, and covered parking to support rent growth. Amenities include gated access, on-site laundry, and off-street parking. Positioned near Phoenix Sky Harbor International Airport, Valley Metro Rail, and Valleywise Health Medical Center, the property benefits from strong workforce housing demand. Located within a designated Opportunity Zone, it presents both income growth and long-term tax advantages.

2238 E Taylor Street, Phoenix

Courtesy of My Home Group Real Estate. 480-685-2760

$685,000
6597018 MLS
This upgraded 5-unit property offers day one cash-flow and nearly a 7% cap rate on actuals! Major upgrades have been done to the bones of the property, including a recent replacement of the main sewer line. Cosmetic upgrades include but are not limited to new flooring, interior & exterior paint, kitchen cabinets & countertops, and bathroom tiles & vanities. The property is well managed with government-assisted tenants on annual leases at market rates. Individually metered for electric. Located in an Opportunity Zone near Phoenix Sky Harbor Airport, downtown Phoenix, and I-10 & Loop 202 freeways. To learn more about City of Phoenix Opportunity Zones go to https://www.phoenix.gov/econdev/opportunity-zones. Drive-by only. Please do not disturb tenants.

2231 E Taylor Street, Phoenix

Courtesy of ABI Multifamily. 602-714-1400 Selling Office: HomeSmart.

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively 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. Listings provided by brokerages other than Loving Phoenix Team | Real Broker are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.