Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,500,000
Last Modified:
2/26/2026
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2238 E TAYLOR Street, Phoenix, AZ 85006
$1,500,000
Description
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.
More Information MLS# 6989939
Contract Info
Ownership: Fee Simple
Current Price: $1,500,000
List Price: $1,500,000
Status: Active
List Date: 2026-02-26
Location, Tax & Legal
Assessor's Map #: 1
Legal Description (Abbrev): LOT 34 BLOCK 1 AVIATION HOMESITES MCR 003101
Assessor's Parcel #: 40
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113300
Taxes: 3655
Legal: Maricopa County
Marketing Name: EAST TAYLOR
House Number: 2238
Compass: E
Street Name: TAYLOR
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3936
County Code: Maricopa
Subdivision: AVIATION HOMESITES
Assessor Number: 116-01-040-A
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 3401 SF
Flood Zone: No
Total # of Units: 10
Elementary School District: Wilson Elementary District
High School District: Phoenix Union High School District
Jr. High School: Wilson Elementary School
Year Built: 1943
Zoning: M-H
Legal Info
Range: 3E
Section: 3
Township: 1N
Block: 1
Lot Number: 34
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Tile: 1
Floors
Vinyl: 1
Wood: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3655
Other Income: 4000
Vacancy Allowance: 4
Adjusted Gross Inc: 516000
Pmt & Rate Info
Cap Rate: 6.78
Equity: 1500000
Down Payment %: 35
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Exterior Amenities
Green Landscaping: 1
Fenced: 1
RV/Boat Parking: 1
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Tenant Pays
Water: 1
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Boat: 1
On Street: 1
1 Space/Unit: 1
>1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
RV Access/Parking: 1
Electric
APS: 1
City Electric: 1
Gas
City Gas: 1
Owner Pays
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 1400
1 Bedroom Units
# 1 Bedroom Units: 10
Avg Rent: 1400
Avg SqFt: 340
# Baths: 10
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Roosevelt St & 24th St
Directions: S on 24th st, From E Van Buren St, W on Taylor St.
Geo Lat: 33.454335
Geo Lon: -112.033087
Income Expenses
Gross Annual Sch Inc: 168000
Net Operating Income: 101658
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted
Roofing: Tile
Floors: Vinyl; Wood
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Green Landscaping; Fenced; RV/Boat Parking; Sidewalk(s)
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave
Heating: Natural Gas
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; City Electric
Gas: City Gas
Parking Features: Boat; On Street; 1 Space/Unit; >1 Space Per Unit; Add'l Parking Avail; RV Access/Parking; Paved
Road Access Type: City Street
Road Surface Type: Asphalt; Concrete
Owner Pays: Landscaping
Tenant Pays: Water; Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office:
My Home Group Real Estate
Last Updated: February - 26 - 2026
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