Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Capitol Blk 43, 44, 35-38, 29, 30
MLS Listing ID 7048471
Year Built 1931
Annual Tax Amount $1,299
Tax Year 2025
Lot Dimensions 14,000
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
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.
Location
State AZ
County Maricopa
Community Capitol Blk 43, 44, 35-38, 29, 30
Area Maricopa
Zoning R-3
Direction West on Washington to property on south side of street.
Interior
Heating None
Cooling None
Flooring Ceramic Tile
Appliance None
Exterior
Parking Features 1 Space/Unit
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Capitol Elementary School
High Schools Central High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 109-49-101-A
Acceptable Financing Conventional
Disclosures None
Listing Terms Conventional
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