2045 W WASHINGTON Street, Phoenix, AZ 85009 (MLS# 7008464)

2045 W WASHINGTON Street, Phoenix, AZ 85009

$564,900

Property Type: Multiple Dwellings Status: Active

Current Price: $564,900 Last Modified: 5/07/2026

Overview

Description

Great opportunity in a central Phoenix location! This property is fully rented out and offers strong potential for investors or buyers looking to add value. Situated on a generously sized lot with easy access to downtown, freeways, and employment hubs. With the right vision, this property can be transformed into a solid income-producing asset or primary residence. Perfect for Section 8. There can be a 4th unit which is a studio but currently down to the studs. Phoenix allows ADU's for a great added value. Priced to sell--don't miss this opportunity! See Private Remarks.

Listing Details MLS# 7008464

Location, Tax & Legal

House Number: 2045
Compass: W
Street Name: WASHINGTON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 5256
Country: US
County Code: Maricopa
Subdivision: CAPITOL ADDITION
Assessor Number: 109-49-108
Tax Year: 2025
Assessor's Map #: 49
Legal Description (Abbrev): CAPITOL
Assessor's Parcel #: 108
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 114402
Taxes: 1577.48
Legal: LOT 12 43 CAPITOL ADDITION MCR 000213
Marketing Name: CAPITOL ADDITION

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 50 x 140, Corner lot
Year Built: 1948
Total # of Units: 3
# of Buildings: Yes
Zoning: Multiple
Flood Zone: No
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Mary Mcleod Bethune School
Jr. High School: Mary Mcleod Bethune School
High School: Central High School
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: 19th Avenue & Washington Street
Directions: From the i17 head east on Jefferson. Turn left on 21st and the property is on the right.

Legal Info

Township: 1N
Range: 2E
Section: 12
Block: 43
Lot Number: 12

Income Expenses

Gross Annual Sch Inc: 50400
Net Operating Income: 42000

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

Efficiency Units

# Efficiency Units: Yes
Avg Rent: 900
Avg SqFt: 600
# Baths: Yes

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg Rent: 1100
Avg SqFt: 700
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg Rent: 1500
Avg SqFt: 900
# Baths: 2

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1900
Avg SqFt: 1000
# Baths: 2

Project Type

Tri-Plex: Yes
Four Plex: Yes

Construction

Block: Yes
Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Built-Up: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Wtr/Swr Exp: 3600
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 1500
Operating Exp: 6677.48
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 47880
Total Monthly Rental Income: 4200

Pmt & Rate Info

Cap Rate: 7
Equity: 599900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Central: Yes

Cooling

Central Air: Yes
Electric: Yes

Exterior Amenities

Partially Fenced: Yes
Patio/Balcony: Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Vertical Blinds: Yes
Mini Blinds: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes

Electric

APS: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
Conventional: Yes

Existing 1st Loan

Conventional: Yes

Existing 1st Loan Type

Fixed: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Tri-Plex; Four Plex Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Partially Fenced; Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Microwave Heating: Central Cooling: Electric; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS Gas: None Parking Features: On Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed New Financing: Cash; Conventional Environmental: None

Listing Office: Fathom Realty Elite

Last Updated: May - 07 - 2026