2301 W Hayward Avenue, Phoenix, AZ 85021
- $850,000
- 7
- BD
- 3
- BA
- List Price
- $850,000
- Status
- ACTIVE
- Days on Market
- 22
- MLS#
- 7066909
- City
- Phoenix
- Bedrooms
- 7
- Bathrooms
- 3
- Year Built
- 1943
Property Description
PACKAGE SALE: 2301 W Hayward Ave is being offered exclusively with 2305 W Hayward Ave. The properties must be purchased together and will not be sold separately, creating a unique opportunity to acquire multiple income-producing properties in one central Phoenix location. Together, the properties span right under an acre of land and feature three separate single-family residences with R-3 zoning, offering an appealing setup for an investor seeking multiple rental units in one location. The homes are currently tenant occupied, with the opportunity to take over the existing tenants and leases if desired, providing the potential for rental income from day one. Adding to the long-term potential, City planning staff have indicated that the site could support a six-unit multifamily development (6-plex), subject to applicable City requirements, approvals, and buyer verification. This provides an exciting opportunity for investors looking beyond the property's current use and considering future redevelopment possibilities. Beyond the residences, the property features an impressive 18-car carport offering substantial covered parking, along with a large shop space ready to make your own. Whether utilized for storage, a workshop, equipment, or other permitted uses, the additional space adds another layer of versatility to the property. Conveniently located near 23rd Ave and Northern Ave, the properties provide quick access to I-17, shopping, dining, employment centers, and everyday amenities. With over an acre of land, three single-family residences, R-3 zoning, extensive covered parking, a large shop, existing tenants, and potential for future multifamily development, this package offers a rare combination of current income potential and long-term flexibility in central Phoenix.
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Additional Information
- Taxes
- $2,264
- Net Operating Income
- $52,783
- Cap Rate
- 6.21
- Units
- 2
- Flooring
- Other
- Parking Features
- Open, Paved, Carport, RV Access/Parking, Attached Garage, Attached Carport
- Construction
- Block, Steel Frame, Painted, Siding
- Roofing
- Composition
- Cooling
- Central Air, Ceiling Fan(s)
- Heating
- Electric, Natural Gas, Heat Pump, Wall Furnace
- Zoning
- R3
- Subdivision
- Vista Income Estates Unit 3
- Community Features
- Other, See Remarks
- Electric
- SRP
- Water
- City Franchise, Irrigation
- Sewer
- Sewer-In & Connected
- Tenant Pays
- Electricity, Gas, Cable TV, Landscaping
- New Financing
- Conventional, Cash
- Elementary School
- Washington Elementary School
- Middle School
- Palo Verde Middle School
- High School
- Washington High School
Courtesy of Capstone Realty Professionals.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.