2021 W Washington Street, Phoenix, AZ 85009
Local realty services provided by:CENTURY 21 Arizona West
2021 W Washington Street,Phoenix, AZ 85009
$500,000
- 14 Beds
- 7 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: stephanie bray
Office: serhant.
MLS#:7048471
Source:ARMLS
Price summary
- Price:$500,000
About this home
Exceptional value-add opportunity in the heart of Phoenix. Situated on an expansive 14,000 SF lot, this 5-unit multifamily property offers tremendous potential for investors, developers, and owner-operators seeking their next repositioning project.
The property requires substantial renovation, creating a true blank canvas for value-add improvements, redevelopment, or adaptive reuse potential. Whether your strategy is long-term hold, multifamily investment, workforce housing, or reimagining the site for its highest and best use, this asset offers exceptional flexibility. Ideally located just minutes from Downtown Phoenix and the Arizona State Capitol, with convenient access to I-10, I-17, Sky Harbor International Airport, the Phoenix Bioscience Core, ASU's Downtown Campus, and the city's major sports and entertainment venues. Positioned within an evolving urban corridor experiencing continued public and private investment, this rare large-lot property combines location, density, and long-term upside. Investment opportunities with this combination of size, proximity to the urban core, and repositioning potential are becoming increasingly difficult to find. Bring your vision and unlock the possibilities....
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Home facts
- Year built:1931
- Subdivision & Development:CAPITOL BLK 43, 44, 35-38, 29, 30
- Listing ID #:7048471
- Updated:October 30, 2026 at 04:42 PM
Rooms and interior
- Bedrooms:14
- Total bathrooms:7
- Flooring:Ceramic Tile, Vinyl
Structure and exterior
- Year built:1931
- Construction Materials:Painted, Stucco
Schools
- High school:Central High School
- Elementary school:Capitol Elementary School
Utilities
- Water:City Franchise
Finances and disclosures
- Price:$500,000
- Tax amount:$1,299 (2025)
Parking
- Parking description:1 Parking Space/Unit
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