MLS# 6785949 – 1945 W Van Buren Street, Phoenix, AZ 85009

Price: $1,099,900
Units: 22
Property Type: Multiple Dwellings
Status: Active
Year Built: 1952
Neighborhood: Capitol Addition
Days on Website: 527

Courtesy of JM Realty

Property Description

EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager’s quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability. CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential: To help showcase the property’s possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset. Don’t let this rare investment opportunity slip awayact quickly, as it won’t last long!

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Property Details and Features

  • Taxes
  • Annual amount: $6,034
  • Lot: 11
  • Building
  • Built in 1952
  • Construction materials: “Painted”, “Block”
  • 22 total units
  • Floors
  • “Vinyl”
  • “Concrete”
  • Listing
  • Listing ID: 6785949
  • Standard status: Active
  • 461 days on market
  • Location
  • Subdivision name: CAPITOL ADDITION
  • Parking
  • “Paved”
  • “On Street”
  • 13 total parkings
  • Property
  • Zoning: C3
  • Roof
  • “Tile”
  • Schools
  • High school district: Phoenix Union High School District
  • Sewer
  • “Public Sewer”
  • Utilities
  • “APS”

Property Map

$1,099,900 – 1945 W Van Buren Street, Phoenix, AZ 85009

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This content last updated on April 30, 2026 2:23AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.