www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31459058
31459086

2142 E Taylor St, Phoenix, AZ 85006 For Sale

SW
AZ BR 64886600, FL BK 3595388
Grace CRE
GP
AZ SA687268000
Listed by Grace CRE
$450,000
109 days on market
Updated 96 days ago

Three on Taylor

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,880
Net Rentable (SqFt) 1,880
Units 3
Cap Rate 7.12%
NOI $32,048
Occupancy 100%
Price per SqFt $239
Class C
Year Built 1956
Investment Type Value Add

Multifamily | 3 Units | $150,000/unit

Marketing description

Located in the heart of the rapidly revitalizing Phoenix, this well-positioned triplex offers an exceptional opportunity for both investors and owner-occupants seeking strong rental demand and long-term appreciation. Situated in the desirable Garfield Historic District area, the property benefits from its proximity to downtown employment hubs, dining, arts, and entertainment.

The property features one 2 bedroom and two 1 bedroom units , providing diversified income potential in one of Phoenix’s most active rental corridors. Tenants enjoy convenient access to Arizona State University’s downtown campus, major medical centers including Banner – University Medical Center Phoenix, and cultural attractions such as the Phoenix Art Museum. Commuting is seamless with nearby access to the Valley Metro Light Rail, connecting residents throughout the metro area.

Currently rented below markets at $925, $950 & $795

Market rents are $1,050 to $1,250

Each unit offers functional layouts with comfortable living spaces, making the property attractive for long-term tenants or potential short-term rental strategies where permitted. The central location places residents minutes from downtown Phoenix restaurants, nightlife, and employment centers while maintaining the neighborhood charm of one of the city’s most established districts. Whether you're expanding a rental portfolio or seeking a property with strong income potential in a high-growth urban market, this triplex presents a compelling opportunity in one of Phoenix’s most desirable investment corridors.

All facts and figures are approximate buyer verify MLS information

Listing Contacts

SW
AZ BR 64886600, FL BK 3595388
Grace CRE
GP
AZ SA687268000
Listed by Grace CRE

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$32,048.00
$2,670.67/mo

Valuation Metrics

0
DSCR
7.12%
Cap Rate
7.12%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Sophia Willets
License
BR 64886600
Brokerage
GRACE CRE®
Brokerage Phone
6029755516
Title
Real Estate Broker
Brokerage Address
3200 East Camelback Road
Name
Garrett Pedicini
License
SA687268000
Brokerage
GRACE CRE
Title
VP
Brokerage Address
25 North Arizona Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591