1021 E TAYLOR Street, Phoenix, AZ 85006, Phoenix, 85006 - 3 bed, 1 bath
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Phoenix, AZ 85006
This property presents a High-Potential Investment Opportunity with a List Price of $300,000—positioned above the $196,643 Fair Market Value. While the current structure carries a Condition Rating of 6, the true value lies in the [R-5] Multiple Family Residence zoning and the potential for land assembly. With a 6,875 sq ft lot near the ASU Downtown campus, this asset is designed for high-density development. This is a strategic acquisition ideal for Multi-Family Developers or Land Assemblers seeking urban growth.
Property is land value only, full reconstruction required.
Built in 1930 (94 years old) with no recorded renovations, the listing explicitly states 'value in the land' and 'investors only,' indicating the structure is likely unlivable and the property is being sold for its R-5 zoned lot.
The property is ideally situated near the ASU Downtown campus, Sky Harbor Airport, and major freeway access (I-10, I-17, SR-51), making it a prime spot for urban development.
With [R-5] Multiple Family Residence zoning, the lot is perfectly positioned for the construction of high-density apartments or condos in a high-demand area.
The opportunity to assemble this lot with four adjacent parcels allows for a significant project footprint of nearly 0.8 acres, offering substantial economy of scale for developers.
The value is strictly in the land and the property is sold 'As-Is,' implying the existing 1930s structure is likely a tear-down and provides no residential utility in its current state.
Marketed exclusively for investors, this property excludes traditional residential buyers and likely requires cash or specialized construction financing due to its condition.
1021 E Taylor St, Phoenix AZ 85006 - investors only, value in the land, 6,875 sq ft lot, Lot #11, perfect downtown location for apartments or condos, close to ASU Downtown campus, Sky Harbor and access to freeways I-10, I-17, SR-51. Adjacent lots 12 through 15 are also available under separate contract to assemble a total project of possibly 34,375 square feet or roughly .789 acre. Current Zoning is [R-5] Multiple Family Residence. AS IS sale.
No exterior & parking available.
Grades PK-8 • 0.5 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 40% |
| Square foot | 770 | 1,360 | 5% |
| Lot Size | 6,875 | 6,875 | 50% |
| Price | $300.0K | $432.5K | 30% |
| Price per sq ft | $390 | $334 | 69% |
| Built year | 1930 | 1945 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 1172 | 1% |
May 24, 2026
$300,000
Initial Listing