Triplex with Mixed Unit
2142 E Taylor St Phoenix, AZ 85006
For Sale
Contact for pricing
Triplex for sale featuring one 2-bedroom and two 1-bedroom units, currently rented.
Property Size1,880 SF
Price / SF$252.66
Days on Market118
Property Features for 2142 E Taylor St
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Multifamily
Building Details
Year Built
1956
Listing Agency:
Grace CRE
(602) 975-5516
Listed By:
Sophia Willets · License #BR 64886600
Source:
Crexi
Added: Apr 2
Changed: Jul 21
Last Checked: Jul 27 at 4:35AM
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 Grace CRE
Investment Insights
Based on property information with market context.
This triplex offers three residential units with a unit mix of one 2-bedroom and two 1-bedroom layouts. The property is currently rented, providing an income-producing configuration with functional, livable space in each unit.
Located at 2142 E Taylor St in Phoenix, the home is positioned in the Garfield Historic District area and is described as being near downtown employment, dining, arts, and entertainment. The remarks also note convenient access to Arizona State University’s downtown campus, Banner–University Medical Center Phoenix, and the Phoenix Art Museum.
The property is further described as having commuting access via the Valley Metro Light Rail, connecting residents throughout the metro area. All figures and claims in the public remarks are approximate, and buyers are advised to verify details through MLS and due diligence.
Located at 2142 E Taylor St in Phoenix, the home is positioned in the Garfield Historic District area and is described as being near downtown employment, dining, arts, and entertainment. The remarks also note convenient access to Arizona State University’s downtown campus, Banner–University Medical Center Phoenix, and the Phoenix Art Museum.
The property is further described as having commuting access via the Valley Metro Light Rail, connecting residents throughout the metro area. All figures and claims in the public remarks are approximate, and buyers are advised to verify details through MLS and due diligence.
Key Highlights
- Triplex built in 1956 with 1 two‑bedroom unit and 2 one‑bedroom units
- Currently rented at $925, $950, and $795 (market rents cited as $1,050 to $1,250, buyer to verify)
- Diversified unit mix: one 2BR plus two 1BR units within the same property
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.2k | $19.80 |
| − Vacancy | −$2.0k | −$1.09 |
| EGI | $35.2k | $18.71 |
| − OpEx | −$10.6k | −$5.61 |
| NOI | $24.6k | $13.10 |
1,880 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$351.8K
$307.8K – $410.4K
NOI $24,624 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$313.2K
$274.1K – $365.5K
NOI $21,927 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$569.5K
$498.3K – $664.4K
NOI $39,863 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex for sale featuring one 2-bedroom and two 1-bedroom units, currently rented.
Where is this triplex located?
The property is located at 2142 E Taylor St Phoenix, AZ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Triplex built in 1956 with 1 two‑bedroom unit and 2 one‑bedroom units; Currently rented at $925, $950, and $795 (market rents cited as $1,050 to $1,250, buyer to verify); Diversified unit mix: one 2BR plus two 1BR units within the same property
