1522 W Taylor St · Phoenix, AZ 85007

$299,900

None bd · None ba · — sqft · MultiFamily · 16 Days on market

Built 1924 Fair condition

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +29.5/30.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Rent growth +2.8/5.0
• Condition / age +2.2/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks

Unique multi-unit opportunity featuring three separate residences on one lot! Front home offers 3 bedrooms and 1 bathroom with spacious living areas, tile flooring and covered front patio. Second unit includes 2 bedrooms and 1 bathroom with functional kitchen and living space. Third unit features 1 bedroom and 1 bathroom, providing flexibility for rental income, extended family or multi-generational living. Convenient location near shopping, dining, schools and freeway access. Great opportunity for investors, multi-generational living or buyers seeking flexible use options with three separate residences situated on one parcel. Buyer to verify all facts, figures, square footage and zoning/us

Key facts

• Functional kitchen
• Covered front patio
• Convenient location

Tags

• MULTI-UNIT OPPORTUNITY
• THREE SEPARATE RESIDENCES
• COVERED FRONT PATIO
• FUNCTIONAL KITCHEN
• FLEXIBILITY FOR RENTAL INCOME
• CONVENIENT LOCATION

Property features AI

Finance

• Financial info: Annual tax reported (see listing for details)
• HOA & community: No pool

Exterior

• Parking: One open parking space (1 space per unit); Total of 1 parking space
• Utilities: Electric service by APS; Public sewer; City franchise water
• Home design: Fee simple ownership; Three separate buildings
• Construction: Painted block construction; Composition roof; Three buildings
• Exterior features: Painted block construction; Composition roof; Asphalt road access; Irregular lot shape

Interior

• Kitchen: Free-standing range
• Flooring: Tile
• Heating & cooling: Central air; Heating present
• Interior features: Free-standing range; Tile flooring

What this means for you Summary

Snapshot

• This is a multifamily listed at $300k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $300k).
• Recommended offer: $295k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.6% vs local median 3.3% in Phoenix — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#16 in AZ, #3,924 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: health & safety C-, crime F.
• Phoenix Union High School District (4286) (urban): math 10% / reading 15% proficiency, ranked #224 of 249 in AZ (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Central High School (math 13% / reading 16%, grade F, #267 of 381 statewide, top 72%, 1,901 students, 92% FRL).
• Market conditions: Rents rising (+1.4%/yr); 87 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 1d on market — plan ~1-2 weeks tenant-placement turnaround); 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).
• At $3,977/mo this rent would consume 75% of the median local household income ($64k/yr) (locally 541% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.4% rent growth), your $84k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($295k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $295,401 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.33% ✓
• Cap rate: 10.57%
• Cash-on-cash: 15.28%
• DSCR: 1.68
• GRM: 6.3

CMA / ARV

No comps found within radius.

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1249 W Pierce St	0.15mi	—/—	—	1mo	$1,176,000	—	79
1527 W Fillmore St	0.03mi	—/—	—	10mo	$1,300,000	—	78
1119 W Fillmore St	0.25mi	—/—	—	0mo	$580,000	—	75
1123 W Fillmore St	0.24mi	—/—	—	2mo	$630,000	—	75
1333 W Woodland Ave	0.26mi	5/4.0	—	2mo	$560,000	—	74
430 N 17th Ave	0.22mi	—/—	—	11mo	$410,000	—	68
421 N 18th Dr	0.39mi	4/3.0	—	2mo	$330,000	—	67
809 N 10th Ave	0.44mi	4/5.0	—	4mo	$995,000	—	64
330 N 18th Ave	0.37mi	—/—	—	10mo	$154,000	—	62
417 N 18th Dr	0.38mi	—/—	—	11mo	$549,000	—	61
136 N 11th Ave	0.39mi	5/4.0	—	12mo	$515,000	—	59
398 N 20th Dr	0.65mi	8/4.0	—	6mo	$560,000	—	52

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.35% rent growth · sell at horizon

5-year hold

• IRR: 4.1%
• Equity multiple: 1.16×
• Total profit: $13,071
• Equity at exit: $44,716

10-year hold

• IRR: 12.0%
• Equity multiple: 1.88×
• Total profit: $73,534
• Equity at exit: $25,930

Cash invested: $83,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Arizona: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

5-day pay-or-quit; AZ courts known for speed; no state rent control; cities preempted by state law.

Methodology + full state rankings →

ZIP-level market 85007

• Home prices YoY: -28.9%
• Rents YoY: 1.4%
• Active inventory: 87
• Price-to-rent: 15.9×

Monthly cashflow live

• Estimated rent: $3,977 high
• Mortgage (P&I): −$1,573
• Tax est. 1.5%: −$375 /mo · $4,498/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$835
• Net cashflow: $1,069

Break-even live

Break-even rent $2,623

Max offer price $299,900

Occupancy floor 68%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	3	1	$1,570
1× unit	2	1	$1,289
1× unit	1	1	$1,119
Total (3 units)			$3,977

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1333 W Taylor St Unit 3 Phoenix, AZ	1.0	1.0	500	$1,075	$2.15	1d	1	0.09mi
1606 W Taylor St Phoenix, AZ	2.0	1.0	700	$1,050	$1.50	10d	1	0.11mi
1626 W Taylor St Unit 2 Phoenix, AZ	1.0	1.0	500	$1,000	$2.00	1d	1	0.15mi
1505 W McKinley St Apt 1 Phoenix, AZ	2.0	1.0	778	$1,450	$1.86	1d	1	0.17mi
1147 W Fillmore St Phoenix, AZ	1.0	1.0	—	$799	—	1d	1	0.19mi
1350 W Van Buren St Phoenix, AZ	3.0	1.0–2.0	897	$1,628	$1.81	1d	11	0.20mi
1524 W Monroe St Phoenix, AZ	2.0	1.0	1000	$1,000	$1.00	1d	1	0.24mi
1524 W Monroe St Unit B Phoenix, AZ	2.0	1.0	950	$1,000	$1.05	5d	1	0.24mi
1326 W Monroe St Unit 1326 Phoenix, AZ	2.0	1.5	1050	$1,695	$1.61	1d	1	0.26mi
425 N 17th Dr Unit 2 Phoenix, AZ	1.0	1.0	525	$950	$1.81	1d	1	0.27mi
325 N 17th Dr Unit A Phoenix, AZ	2.0	2.0	700	$1,334	$1.91	1d	1	0.29mi
317 N 17th Dr Apt 6 Phoenix, AZ	2.0	1.0	600	$1,485	$2.48	1d	1	0.30mi
412 N 17th Dr Unit 4 Phoenix, AZ	2.0	1.0	817	$1,195	$1.46	1d	1	0.30mi
719 N 12th Ave Phoenix, AZ	2.0	1.0	685	$1,495	$2.18	1d	1	0.32mi
719 N 12th Ave Unit 1 Phoenix, AZ	2.0	1.0	750	$1,449	$1.93	1d	1	0.32mi
719 N 12th Ave Unit 4 Phoenix, AZ	2.0	1.0	685	$1,395	$2.04	1d	1	0.32mi
1636 W Garfield St Apt 1 Phoenix, AZ	2.0	1.0	—	$1,195	—	1d	1	0.32mi
834 N 13th Ave Phoenix, AZ	2.0	1.0	625	$1,295	$2.07	1d	4	0.33mi
1501 Grand Ave Phoenix, AZ	1.0	1.0	518	$1,200	$2.32	1d	1	0.33mi
1019 W Woodland Ave Apt 3 Phoenix, AZ	1.0	1.0	500	$1,099	$2.20	1d	1	0.37mi
1205 W Roosevelt St Unit 1231 Phoenix, AZ	3.0	2.0	1200	$2,200	$1.83	7d	1	0.37mi
1226 W Roosevelt St Phoenix, AZ	1.0	1.0	325	$699	$2.15	1d	1	0.38mi
646 N 10th Ave Unit 09 Phoenix, AZ	1.0	1.0	532	$1,195	$2.25	1d	1	0.38mi
133 N 11th Ave Unit 133 Phoenix, AZ	2.0	1.0	840	$1,500	$1.79	21d	1	0.39mi
139 N 11th Ave Unit A Phoenix, AZ	1.0	1.0	500	$1,199	$2.40	1d	1	0.39mi
1216 W Roosevelt St Unit 2 Phoenix, AZ	1.0	1.0	325	$699	$2.15	1d	1	0.39mi
129 N 11th Ave Unit 1B Phoenix, AZ	1.0	1.0	625	$1,195	$1.91	1d	1	0.40mi
146 N 10th Ave Phoenix, AZ	1.0	1.0	695	$1,299	$1.87	1d	1	0.40mi
140 N 10th Ave Phoenix, AZ	1.0	1.0	620	$1,400	$2.26	1d	1	0.41mi
1118 W Roosevelt St Phoenix, AZ	2.0	1.0	952	$1,350	$1.42	10d	1	0.41mi
622 N 9th Ave Phoenix, AZ	1.0	1.0	525	$1,195	$2.28	1d	1	0.43mi
1006 N 11th Ave Phoenix, AZ	1.0	1.0	500	$1,599	$3.20	2d	1	0.44mi
1010 N 11th Ave Phoenix, AZ	1.0	1.0	500	$1,699	$3.40	2d	1	0.44mi
1609 W Latham St Phoenix, AZ	2.0	1.0	870	$925	$1.06	10d	1	0.45mi
846 N 10th Ave Unit 3 Phoenix, AZ	1.0	1.0	465	$1,049	$2.26	1d	1	0.46mi
825 N 9th Ave #4 Phoenix, AZ	3.0	3.0	1553	$3,600	$2.32	1d	1	0.51mi
712 W Taylor St Unit 2 Phoenix, AZ	2.0	1.0	600	$1,195	$1.99	1d	1	0.52mi
712 W Taylor St Phoenix, AZ	2.0	1.0	600	$1,395	$2.33	5d	1	0.52mi
712 W Taylor St Unit 4 Phoenix, AZ	2.0	1.0	—	$1,395	—	1d	1	0.52mi
841 N 9th Ave Phoenix, AZ	2.0	1.0	903	$2,000	$2.21	16d	1	0.53mi

Listing history 12 events

1. 2026-06-18
   days on market $299,900 Active 16 DOM
2. 2026-06-17
   days on market $299,900 Active 15 DOM
3. 2026-06-16
   days on market $299,900 Active 14 DOM
4. 2026-06-15
   days on market $299,900 Active 13 DOM
5. 2026-06-13
   days on market $299,900 Active 11 DOM
6. 2026-06-13
   days on market $299,900 Active 10 DOM
7. 2026-06-09
   days on market $299,900 Active 7 DOM
8. 2026-06-08
   days on market $299,900 Active 6 DOM
9. 2026-06-07
   days on market $299,900 Active 5 DOM
10. 2026-06-04
    days on market $299,900 Active 2 DOM
11. 2026-06-02
    remarks 699-char remark
12. 2026-06-02
    listed $299,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (shaded) · 17% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $47,724
• − Mortgage interest: −$16,799
• − Property taxes: −$4,498
• − Insurance: −$1,500
• − Repairs & maintenance: −$3,818
• − Management: −$3,818
• − Depreciation: −$8,724
• Taxable income: $8,567
• Est. tax owed @ 24.0%: −$2,056
• After-tax cash flow: $10,775/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This multi-family property requires extensive repairs and maintenance to improve its condition and increase its value. The exterior and interior walls are in poor condition, and the flooring and systems need attention. Repairs and updates to these areas will significantly enhance the property's resale and rental value.

Repairs flagged

• Major exterior walls — Cracked and peeling
• Major interior walls — Peeling and uneven
• Major roof — No photos of roof
• Major flooring — No photos of flooring
• Major interior walls/paint — Peeling and uneven
• Major systems — No photos of systems

Value-add opportunities

• Both paint exterior walls — Enhances curb appeal and resale value
• Both repair exterior walls — Improves structural integrity and resale value
• Both repair interior walls — Enhances interior appearance and resale value
• Both repair flooring — Improves living space and resale value
• Both repair interior walls/paint — Enhances interior appearance and resale value
• Both repair systems — Ensures functionality and improves resale value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior walls · Cracked and peeling	Major	$15,000–50,000
interior walls · Peeling and uneven	Major	$15,000–50,000
roof · No photos of roof	Major	$15,000–50,000
flooring · No photos of flooring	Major	$15,000–50,000
interior walls/paint · Peeling and uneven	Major	$15,000–50,000
systems · No photos of systems	Major	$15,000–50,000
Total estimated repair cost · 6 items		$90,000–300,000

Value-add ROI direction

• Both paint exterior walls — Enhances curb appeal and resale value ↑
• Both repair exterior walls — Improves structural integrity and resale value ↑
• Both repair interior walls — Enhances interior appearance and resale value ↑
• Both repair flooring — Improves living space and resale value ↑
• Both repair interior walls/paint — Enhances interior appearance and resale value ↑
• Both repair systems — Ensures functionality and improves resale value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Phoenix Union High School District (4286)
• NCES district ID: 0406330
• Math proficiency: 10% ▼ -27.00%
• Reading proficiency: 15% ▼ -18.00%
• Median HH income: $39,055
• Composite: 10.63/100
• National rank: #9773
• State rank: #224 of 249 in AZ

Livability — Phoenix

• Score: 75/100
• State rank: #16
• US rank: #3924

Category grades

Amenities A+ Commute A+ Cost of living B- Crime F Employment B- Housing A+ Health & safety C- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Phoenix, AZ
• County: Maricopa County · 4,537,380 people
• City population: 1,500,198
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 13,575
• Household income: $63,616
• Rent vs Own: 54.2% rent · 45.8% own
• Severe rent burden: 541.0

Population outlook (Maricopa County) Hauer SSP2

• Today (2025): 4,979,203 people
• By 2030: 5,378,229 · +8.0%
• By 2040: 6,156,598 · +23.6%
• By 2050: 6,872,376 · +38.0%
• By 2075: 8,401,270 · +68.7%
• By 2100: 9,247,439 · +85.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Hispanic / Latino 53% Two or more races 37% White 34% Black 8% Native American 2% Asian 2%
• Hispanic origin (detail): Mexican 48% Puerto Rican 1%
• Common ancestry: Italian 4% Portuguese 2% Lithuanian 2%
• Foreign-born: 16% · Canada, China
• Languages at home: 65% English-only · Spanish 32% German/W. Germanic 1% Chinese 1%

Political lean MEDSL · Maricopa

• 2024 margin: Toss-up / Even · D 47.7% · R 51.2% · Other 1.1%
• 2008→2024 swing: +7.1pp toward D · 2008: -10.6pp · 2024: -3.5pp
• All cycles: 2024: R+3.5 2020: D+2.2 2016: R+3.5 2012: R+12.0 2008: R+10.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -158.06%
• Current HPI: 388.9189
• Rent YoY: ▲ 1.35%
• Metro: Phoenix-Mesa-Chandler, AZ
• State GDP YoY: ▲ 4.54%
• F500 in state: 20

Industry mix (Fortune 500 HQ in AZ)

Industry	F500 HQs	Revenue
▸Technology	2	$13B
▸Mining / Metals	1	$23B
▸Environmental Services	1	$16B
▸Metals / Steel	1	$14B
▸Technology Distribution	1	$9B
▸Homebuilding	1	$8B

Price history

1 event — show timeline

• 2026-06-02 Listed $299,900 ARMLS