1945 W VAN BUREN Street, Phoenix, AZ 85009, Phoenix AZ 85009
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 Va
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is grouped with the current five-or-more-bedroom homes in Phoenix. Its asking price falls near the 51st percentile of that active group. The comparison uses 698 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $338,000, and the median is $270 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 317 N 20TH Avenue, Phoenix, AZ 85009 | Aug 10, 2026 | 3 bd · 1,048 sqft | $346,000 | 0.1 mi |
| 2032 W ADAMS Street, Phoenix, AZ 85009 | Jul 15, 2026 | 5 bd | $493,000 | 0.1 mi |
| 429 N 20TH Avenue, Phoenix, AZ 85009 | Jul 22, 2026 | 3 bd · 873 sqft | $250,000 | 0.2 mi |
| 421 N 18TH Drive, Phoenix, AZ 85007 | Apr 13, 2026 | 5 bd | $330,000 | 0.3 mi |
| 2137 W WASHINGTON Street, Phoenix, AZ 85009 | Aug 7, 2026 | 2 bd · 993 sqft | $185,000 | 0.3 mi |
| 325 N 17TH Drive, Phoenix, AZ 85007 | Sep 18, 2026 | 4 bd | $504,900 | 0.3 mi |
| 434 N 17TH Drive, Phoenix, AZ 85007 | Apr 3, 2026 | 2 bd · 816 sqft | $220,000 | 0.4 mi |
| 2221 W WASHINGTON Street, Phoenix, AZ 85009 | Jul 22, 2026 | 4 bd · 1,785 sqft | $395,000 | 0.4 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $849,900 · Active
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Similar active homes in Phoenix
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