2242 E TAYLOR Street, Phoenix, AZ 85006, Phoenix AZ 85006
A five-unit multifamily investment opportunity in the heart of Phoenix, Arizona. Originally constructed in 1944, the asset features a mix of 1, 2, and 3 bedroom floor plans. Each of the units have been updated within the last few years; however, future ownership will have the opportunity to capture additional upside through continued interior and exterior renovations. The asset is situated with convenient access to Downtown Phoenix, Sky Harbor International Airport, and major transportation corridors including Loop 202 and I-10. The current cap rate is 7.15% and the seller would be open to car
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 33rd 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 $355,000, and the median is $287 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 |
|---|---|---|---|---|
| 2159 E MCKINLEY Street, Phoenix, AZ 85006 | Jun 16, 2026 | 3 bd · 1,258 sqft | $260,000 | 0.2 mi |
| 2314 E GARFIELD Street, Phoenix, AZ 85006 | Aug 27, 2026 | 3 bd | $385,000 | 0.3 mi |
| 2321 E ROOSEVELT Street, Phoenix, AZ 85006 | Jun 18, 2026 | 2 bd · 951 sqft | $270,000 | 0.3 mi |
| 2245 E PORTLAND Street, Phoenix, AZ 85006 | Apr 29, 2026 | 3 bd · 1,117 sqft | $325,000 | 0.4 mi |
| 1113 N 25TH Place, Phoenix, AZ 85008 | Jun 30, 2026 | 3 bd · 1,059 sqft | $400,000 | 0.6 mi |
| 1121 N 25TH Place, Phoenix, AZ 85008 | Jun 17, 2026 | 6 bd | $468,550 | 0.6 mi |
| 1008 N 27TH Street, Phoenix, AZ 85008 | Apr 7, 2026 | 7 bd | $420,000 | 0.6 mi |
| 0000 E XXXXXXXX Avenue, Phoenix, AZ 85018 | Jun 15, 2026 | — | $187,500 | 0.6 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.
- $639,000 · Active
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Similar active homes in Phoenix
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
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