2238 E TAYLOR Street, Phoenix, AZ 85006 (MLS# 6989939)

2238 E TAYLOR Street, Phoenix, AZ 85006

$1,450,000

Property Type: Multiple Dwellings Status: Active

Current Price: $1,450,000 Last Modified: 5/08/2026

Overview

Description

East Taylor is a 10-unit, garden-style multifamily community located in the urban core of Phoenix. Built in 1943, the property consists entirely of one-bedroom/one-bath units with durable tile or vinyl flooring and has benefited from ongoing capital improvements. The asset offers clear value-add potential through interior modernization, addition of private yard spaces, and covered parking to support rent growth. Amenities include gated access, on-site laundry, and off-street parking. Positioned near Phoenix Sky Harbor International Airport, Valley Metro Rail, and Valleywise Health Medical Center, the property benefits from strong workforce housing demand. Located within a designated Opportunity Zone, it presents both income growth and long-term tax advantages.

Listing Details MLS# 6989939

Location, Tax & Legal

House Number: 2238
Compass: E
Street Name: TAYLOR
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3936
Country: US
County Code: Maricopa
Subdivision: AVIATION HOMESITES
Assessor Number: 116-01-040-A
Tax Year: 2025
Assessor's Map #: 1
Legal Description (Abbrev): LOT 34 BLOCK 1 AVIATION HOMESITES MCR 003101
Assessor's Parcel #: 40
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113300
Taxes: 3655
Legal: Maricopa County
Marketing Name: EAST TAYLOR

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 3401 SF
Year Built: 1943
Uncvrd Parking Spcs: 10
Total # of Units: 10
# of Buildings: 2
Zoning: M-H
Flood Zone: No
Elementary School District: Wilson Elementary District
High School District: Phoenix Union High School District
Jr. High School: Wilson Elementary School

Remarks Misc

Cross Street: Roosevelt St & 24th St
Directions: S on 24th st, From E Van Buren St, W on Taylor St.

Legal Info

Township: 1N
Range: 3E
Section: 3
Block: Yes
Lot Number: 34

Income Expenses

Gross Annual Sch Inc: 124384.51
Net Operating Income: 84437.2

More Information

Showing Notification Methods

Showing Service: Non-MLS Showing Service - See Private Remarks
Text: Yes

Efficiency Units

Avg Rent: 1400

1 Bedroom Units

# 1 Bedroom Units: 10
Avg Rent: 1400
Avg SqFt: 340
# Baths: 10

Project Type

5 - 12 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes

Roofing

Tile: Yes

Floors

Vinyl: Yes
Wood: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3655
Other Income: 4000
Vacancy Allowance: 4

Pmt & Rate Info

Cap Rate: 5.82
Equity: 1450000
Down Payment %: 35
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Natural Gas: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Exterior Amenities

Green Landscaping: Yes
Fenced: Yes
RV/Boat Parking: Yes
Sidewalk(s): Yes

Interior Features

Unfurnished: Yes

Tenant Pays

Water: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

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

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes
Concrete: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Boat: Yes
On Street: Yes
1 Space/Unit: Yes
>1 Space Per Unit: Yes
Paved: Yes
Add'l Parking Avail: Yes
RV Access/Parking: Yes

Electric

APS: Yes
City Electric: Yes

Gas

City Gas: Yes

Owner Pays

Landscaping: Yes

New Financing

Cash: Yes
Conventional: Yes
No Carry: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

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: Wood Frame Const - Finish: Painted Roofing: Tile Floors: Vinyl; Wood Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Green Landscaping; Fenced; RV/Boat Parking; Sidewalk(s) Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave Heating: Natural Gas Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS; City Electric Gas: City Gas Parking Features: Boat; On Street; 1 Space/Unit; >1 Space Per Unit; Add'l Parking Avail; RV Access/Parking; Paved Road Access Type: City Street Road Surface Type: Asphalt; Concrete Owner Pays: Landscaping Tenant Pays: Water; Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; No Carry; 1031 Exchange Environmental: None

Listing Office: My Home Group Real Estate

Last Updated: May - 08 - 2026