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2142 E Taylor St - Three at Taylor 3 Unit Apartment Building Offered at $475,000 at a 6.02% Cap Rate Phoenix, AZ 85006
Executive Summary
Three 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 & $795
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
to the Valley Metro Light Rail, connecting residents throughout the metro area.
Currently rented below markets at $925, $950 & $795
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
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$38,400
|
$34.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,920
|
$1.70
|
| Effective Gross Income |
$36,480
|
$32.34
|
| Taxes |
$1,632
|
$1.45
|
| Operating Expenses |
$6,257
|
$5.55
|
| Total Expenses |
$7,889
|
$6.99
|
| Net Operating Income |
$28,591
|
$25.35
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $38,400 |
| Annual Per SF | $34.04 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,920 |
| Annual Per SF | $1.70 |
| Effective Gross Income | |
|---|---|
| Annual | $36,480 |
| Annual Per SF | $32.34 |
| Taxes | |
|---|---|
| Annual | $1,632 |
| Annual Per SF | $1.45 |
| Operating Expenses | |
|---|---|
| Annual | $6,257 |
| Annual Per SF | $5.55 |
| Total Expenses | |
|---|---|
| Annual | $7,889 |
| Annual Per SF | $6.99 |
| Net Operating Income | |
|---|---|
| Annual | $28,591 |
| Annual Per SF | $25.35 |
Property Facts
| Price | $475,000 | Building Size | 1,880 SF |
| Price Per Unit | $158,333 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.02% | Year Built/Renovated | 1956/2020 |
| No. Units | 3 | Parking Ratio | 2.13/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Lot Size | 0.19 AC |
| Price | $475,000 |
| Price Per Unit | $158,333 |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.19 AC |
| Building Size | 1,880 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1956/2020 |
| Parking Ratio | 2.13/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Yard
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,000 | 450 |
| 2+1 | 1 | $1,200 | 775 |
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2142 E Taylor St - Three at Taylor
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