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Five-Unit Apartment Building

2021 W WASHINGTON Street, Phoenix, AZ 85009

For Sale
$500,000
Pending

Multifamily property requiring substantial renovation on a large urban lot.

Property SizeContact for details
Lot Size0.32 Acres
Days on Market135

Property Features for 2021 W WASHINGTON Street

General Information

Standard status Pending
Lot size 0.32 Acres
Property subtype MULTI_FAMILY

Site & Location

Neighborhood Estrella
Highway Access Yes

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $1,299

Building Details

Year Built 1931
Listing Agency: SERHANT.
Listed By: Stephanie Bray
Source: Alexiabertsatos
Added: Jul 3 Changed: Nov 13 Last Checked: Nov 12 at 2:52PM

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.

Rey
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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

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

5
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

979
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Apartment buildings in Phoenix

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

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 $500,000.
What are key features of this property?
This property features: Five‑unit multifamily property; 14,000 SF lot; Built in 1931
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