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Five-Unit Apartment Building
For Sale
$600,000

2021 W WASHINGTON Street, Phoenix, AZ 85009

Multifamily property requiring substantial renovation on a large urban lot.

Property SizeContact for details
Lot Size0.32 Acres
Days on Market41

Property Features for 2021 W WASHINGTON Street

General Information

Standard status Active
Lot size 0.32 Acres
Property subtype MULTI_FAMILY

Additional Details

Highway Access Yes
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $1,299

Building Details

Year Built 1931
Listing Agency: SERHANT.
Listed By: Stephanie Bray
Source: Jcluxuryresidential
Added: Jul 3 Changed: Aug 10 Last Checked: Aug 11 at 12:12PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SERHANT.

Investment Insights

Based on property information with market context.

This five-unit apartment property occupies a 14,000 SF lot and was built in 1931. The improvements require substantial renovation, offering a redevelopment-oriented project with existing multifamily scale and flexibility for a repositioning plan.

Located at 2021 W Washington Street in Phoenix, the property is near Downtown Phoenix and the Arizona State Capitol. Access to I-10 and I-17 connects the site with Sky Harbor International Airport, the Phoenix Bioscience Core, ASU’s Downtown Campus, and major sports and entertainment venues.

Key Highlights

  • Five‑unit multifamily property
  • 14,000 SF lot
  • Built in 1931

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Spa & Massage Center HVAC Service Skin Care Clinic Hair Salon Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

576
Businesses Nearby

Demographics for 85009, AZ

50,439
Population
14,873
Households
3.4
Avg Household Size
31
Median Age
7%
College-Educated
59%
High-School Grad
14.7 sq mi
ZIP Area
3,431
Density / Sq Mi
$51,615
Median Household Income
$29,674
Median Earnings
$1,128
Median Rent
$215,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property requiring substantial renovation on a large urban lot.
Where is this apartment building located?
The property is located at 2021 W WASHINGTON Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Five‑unit multifamily property; 14,000 SF lot; Built in 1931
More about this property
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