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

Price: $899,900
Units: 22
Status: Active
Year Built: 1952
Neighborhood: Capitol Addition
Days on Website: 589

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!

Open House

Property Details and Features

  • Property Access
  • Road Surface: Asphalt
  • Appliances & Equipment
  • None
  • Bathrooms
  • 20 total bathrooms
  • Bedrooms
  • 20 total bedrooms
  • Building
  • Built in 1952
  • 4 buildings
  • Construction Materials: Painted, Block
  • Community
  • No Pool
  • Disclosures
  • None
  • Expenses
  • Operating: $6,034
  • Floors
  • Vinyl
  • Concrete
  • Listing
  • Listing ID: 6785949
  • Standard Status: Active
  • MLS Status: Active
  • 590 days on market
  • Location
  • Subdivision: CAPITOL ADDITION
  • County/Parish: Maricopa
  • Lot
  • Dimensions: 91 x 161
  • Owner Pays
  • Electricity
  • Water
  • Parking
  • 4 covered spaces
  • 9 open parking spaces
  • 13 total parking spaces
  • Paved
  • On Street
  • Roof
  • Tile
  • Schools
  • Elementary School District: Phoenix Elementary District
  • High School District: Phoenix Union High School District
  • Sewer
  • Public Sewer
  • Taxes
  • Additional parcels description:
  • Parcel Number: 109-31-103-A
  • Public Survey Range: 2E
  • Public Survey Section: 12
  • Annual Amount: $6,034
  • Tax Book Number: 109.00
  • Legal Description: CAPITOL MCR 2-13 LOTS 12 13 & LOT 11 EX E 30F BLK 53 & PT VAN BUREN ST VAC LY N & ADJ TO SD LOTS & A
  • Lot: 11
  • Parcel Letter: A
  • Year: 2024
  • Zoning: C3
  • Utilities
  • Water Source: City Franchise
  • APS

Property Map

$899,900 – 1945 W Van Buren Street, Phoenix, AZ 85009

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This content last updated on September 5, 2026 2:38PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.