2021 W WASHINGTON Street, Phoenix, AZ 85009

Property Description

Exceptional value-add opportunity in the heart of Phoenix. Situated on an expansive 14,000 SF lot, this 5-unit multifamily property offers tremendous potential for investors, developers, and owner-operators seeking their next repositioning project. 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.

Listing Status:

Active

Date Added:

July 3, 2026

Data Last Updated:

July 5, 2026 at 1:08AM

Listing Office:

SERHANT. : 602-525-3992

Listing Agent:

Stephanie Bray : 602-989-6057

MLS ID:

7048471

Interior

• Flooring: Ceramic TileVinyl
• A/C: None
• Heating: None

Exterior

• Parking: 1 Space/UnitParking spaces: 0

Construction

• Roofing: Composition
• General: Wood FramePaintedStucco

Location

• Road/Access: Gravel
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Phoenix Elementary District
• County: Maricopa

Lot

• Zoning: R-310949101A

Utilities

• Water: City Franchise
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2