2002 W JEFFERSON Street, Phoenix, AZ 85009

$539,000
Property Type: Multiple Dwellings Status: Active
Current Price: $539,000 Last Modified: 6/09/2026

Overview

Description

Rare opportunity to acquire a fully occupied 5 Unit income-producing property consisting of three separate freestanding buildings on one parcel in the rapidly improving Central Phoenix corridor. This property features a diverse unit mix, extensive recent renovations, and long-term tenants paying premium rents. Current Gross Income: $76,560 ($6,380/Mo) Cap Rate: 11+% 2023 Renovations: New flooring, Updated plumbing, Sewer improvements, Interior paint, Exterior paint, Bathroom remodels, Kitchen upgrades. 2025 Improvements: New electrical wiring, New electrical panels with green tags, new addition/extension.

Listing Details MLS# 7039118

Location, Tax & Legal

House Number
2002
Compass
W
Street Name
JEFFERSON
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85009
Zip4
5221
Country
US
County Code
Maricopa
Subdivision
CAPITOL ADDITION
Assessor Number
109-49-120
Tax Year
2025
Assessor's Map #
49
Legal Description (Abbrev)
CAPITOL
Assessor's Parcel #
120
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
114402
Taxes
906
Legal
CAPITOL
Marketing Name
Five on Jefferson

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
7000
Year Built
1935
Uncvrd Parking Spcs
5
Total # of Units
5
# of Buildings
3
Zoning
R-3
Flood Zone
Yes
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
20th Avenue & Jefferson Street

Legal Info

Township
1N
Range
2E
Section
12
Lot Number
24

Income Expenses

Gross Annual Sch Inc
76560
Net Operating Income
59495.6

More Information

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes
Phone Call
Yes

Project Type

5 - 12 Units
Yes

Construction

See Remarks
Yes

Const - Finish

Other (See Remarks)
Yes

Roofing

Other
Yes

Floors

Other
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Ins Exp
4596
Annual Maint Exp
4000
Annual Wtr/Swr Exp
4500
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
14002
Other Income
0
Vacancy Allowance
0.04
Adjusted Gross Inc
73497.6

Pmt & Rate Info

Cap Rate
11.04
Equity
539000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

See Remarks
Yes

Cooling

See Remarks
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

See Remarks
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
Add'l Parking Avail
Yes

Electric

Other (See Remarks)
Yes

Gas

Other (See Remarks)
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes
No Carry
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 5 - 12 Units Construction: See Remarks Const - Finish: Other (See Remarks) Roofing: Other Floors: Other Sale Includes: Land & Building Community Features: No Pool Appliances Included: See Remarks Heating: See Remarks Cooling: See Remarks Water Source: City Franchise Sewer: Sewer - Public Electric: Other (See Remarks) Gas: Other (See Remarks) Parking Features: On Street; Add'l Parking Avail Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Compass
Last Updated: June - 09 - 2026
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