1945 W VAN BUREN Street, Phoenix, AZ, 85009
About This Home
EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability. CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential: To help showcase the property's possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset. Don't let this rare investment opportunity slip awayact quickly, as it won't last long!
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1952
Materials
- Roof: Tile
- Construction materials: Painted,Block
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: None
Bedrooms & Bathrooms
- Bathrooms: 2
Features
- Flooring: Vinyl,Concrete
Heating & Cooling
- Heating features: Other
- Cooling features: Other
Interior Area
- Total structure area: 6,500
- Total interior livable area: 6,500 sqft
Property
Details
- Parcel number: 10931103A
- Zoning: C3
Lot
- Lot size: 0.34 Acres
- Lot size dimensions: 91 x 161
Parking
- Total spaces: 13
- Parking features: Paved,On Street
- Covered spaces: 4
- Has uncovered spaces: Yes
- Uncovered spaces: 9
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Maricopa County and Arizona
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,550 | $54,600 |
| Home Insurance | $395 | $4,740 |
| Property Taxes | $329 | $3,948 |
| Electricity | $688 | $8,260 |
| Total | $5,962 | $71,544 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-06 | Price change | $1,049,000 |
| 2026-04-07 | Listed for sale | $1,099,900 |
| 2026-03-27 | Pending sale | $1,099,900 |
| 2026-02-07 | Price change | $1,099,900 |
| 2026-01-15 | Price change | $1,149,000 |
| 2025-12-02 | Price change | $1,199,900 |
| 2025-09-24 | Price change | $1,249,900 |
| 2025-08-09 | Listed for sale | $1,295,000 |
| 2025-06-27 | Listing removed | $1,295,000 |
| 2025-06-05 | Price change | $1,295,000 |
| 2025-05-19 | Pending sale | $1,350,000 |
| 2025-05-13 | Price change | $1,350,000 |
| 2025-05-07 | Price change | $1,295,000 |
| 2025-03-05 | Price change | $1,350,000 |
| 2025-01-24 | Price change | $1,395,000 |
| 2024-12-19 | Price change | $1,495,000 |
| 2024-11-19 | Listed for sale | $1,535,000 |
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