
Phoenix, AZ 85006
Analysis of 2142 E TAYLOR Street 1, Phoenix, AZ 85006 is currently available with a list price of $435,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
While built in 1956, the property is described as remodeled and the exterior images show significant updates including newer dual-pane windows, a well-maintained roof, and fresh paint. The presence of rooftop HVAC units and the 'move-in ready' status for tenants align with the Good criteria for a renovated older structure.
Situated near the Garfield Historic District and ASU Downtown, the property benefits from high tenant demand due to its proximity to major employment hubs, medical centers, and the Light Rail.
With current rents trailing market rates by approximately $100-$300 per unit, there is a clear opportunity for immediate value-add and increased cash flow upon lease renewals.
The units have been remodeled with functional layouts, reducing the need for immediate capital expenditures and making the property attractive for both long-term and short-term rental strategies.
Built in 1956, the property may require higher long-term maintenance reserves for aging infrastructure and systems compared to newer multi-family developments.
The presence of a vacant unit and existing below-market leases means the property will require active management to stabilize and achieve its full income potential.
hree at Taylor 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 acces to the Valley Metro Light Rail, connecting residents throughout the metro area. Currently rented below markets at $925, $950 & one vacant unit Market rents are $1,050 to $1,250 Each unit offers functional layouts with comfortable living spaces, remodeled 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
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | - | - |
| Lot Size | - | - |
| Price | $435.0K | $228.9K |
| Price per sq ft | $0 | $256 |
| Built year | 1956 | 0 |
| HOA | $0 | $0 |
| Days on market | 21 | 4774 |
Jul 25, 2026
$435,000
Initial Listing