1748 W SHERMAN Street, Phoenix, AZ 85007
$365,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$365,000
Last Modified:
12/18/2025
Description
Welcome to 1748 W Sherman St, a well-located multi-family property in the heart of Phoenix's desirable Central City neighborhood. Built in 2008, this duplex offers solid rental income potential with two spacious units featuring 3 bedrooms and 1 bathroom each. Nestled on a generous 6,780 sq ft lot.
Both units include functional interiors with ceramic tile and vinyl flooring and essential appliances. Tenants pays electric.
Don't miss this fantastic investment!
More Information MLS# 6959186
Contract Info
Ownership: Fee Simple
Current Price: $365,000
List Price: $365,000
Status: Active
List Date: 2025-12-18
Location, Tax & Legal
Assessor's Map #: 9
Legal Description (Abbrev): LOT 156 WISE ADD MCR 000527
Assessor's Parcel #: 158
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 114302
Taxes: 949.3
Legal: LOT 156 WISE ADD MCR
Marketing Name: WISE ADD
House Number: 1748
Compass: W
Street Name: SHERMAN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 3341
County Code: Maricopa
Subdivision: WISE ADD
Assessor Number: 112-09-158
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 50x142
Total # of Units: 2
Year Built: 2008
Zoning: MULTI
Legal Info
Range: 3E
Section: 7
Township: 1N
Lot Number: 156
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 3360
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 3360
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 36000
Pmt & Rate Info
Cap Rate: 4.95
Down Payment: 0
Equity: 365000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
On Street: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
See Remarks: 1
New Financing
Cash: 1
No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1500
Avg SqFt: 830
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 19TH AVE & JEFFERSON
Directions: From Downtown Phoenix, head west on W Washington St. Continue west for approximately 1.4 miles. Turn right (north) on N 19th Ave and continue for about 0.4 miles. Turn left (west) on W Sherman St. Property will be on the left.
Geo Lat: 33.441428
Geo Lon: -112.099195
Income Expenses
Gross Annual Sch Inc: 36000
Net Operating Income: 18050
Property Features
Project Type: Duplex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Carport; On Street
Road Surface Type: Asphalt
Owner Pays: Water; See Remarks
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; No Carry
Environmental: None
Listing Office:
W and Partners, LLC
Last Updated: December - 18 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.