1802 W SHERMAN Street, Phoenix, AZ 85007 (MLS# 6917397)

1802 W SHERMAN Street, Phoenix, AZ 85007

$575,000
Property Type: Multiple Dwellings Status: Active
Current Price: $575,000 Last Modified: 4/14/2026

Overview

Description

Investor Special! This duplex offers 2 bedrooms, 2 bathrooms, and a 2 car garage, conveniently located near the downtown area with easy access to I-17. The property has been recently updated and sits in a high-demand location experiencing significant growth. Enjoy proximity to all that downtown Phoenix has to offer, including top restaurants, shopping, entertainment, and stadiums. An added bonus includes RV parking with a separate electrical meter, creating potential for extra rental income. This is an excellent opportunity to add to your rental portfolio, flip, or buy and hold for long-term appreciation. Please note, the property is tenant occupied—do not disturb tenants.This home qualifies for a limited-time lender-paid 2-1 buydown— reduced monthly payments for the first 2 years

Supplements: years at no cost to the buyer or seller.

Listing Details MLS# 6917397

Location, Tax & Legal

House Number
1802
Compass
W
Street Name
SHERMAN
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85007
Zip4
3322
County Code
Maricopa
Subdivision
WISE ADD
Assessor Number
112-09-157
Tax Year
2024
Assessor's Map #
9
Legal Description (Abbrev)
LOT 155 WISE ADD MCR 000527
Assessor's Parcel #
157
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Taxes
1458
Legal
WISE ADD LOT 155 EX N 4F & EX 12F CUR IN SE COR
Marketing Name
WISE ADD

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
50 x 136 6769sqft
Year Built
2006
Uncvrd Parking Spcs
4
Total # of Units
2
# of Buildings
2
Zoning
C-3 Phx,CG Cnty
Flood Zone
No
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District
Elementary School
Ralph Waldo Emerson Elementary School
Jr. High School
Ralph Waldo Emerson Elementary School
High School
Central High School

Remarks Misc

Cross Street
Grant St and 19th Avenue

Legal Info

Township
1N
Range
3E
Section
7
Lot Number
155

Income Expenses

Gross Annual Sch Inc
40800
Net Operating Income
40800

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

4 Bedrooms Units

# 4 Bedroom Units
2
Avg Rent
1700
Avg SqFt
1344
# Baths
2

Project Type

Duplex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Carpet
Yes
Other
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
1355
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
2813
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
40800
Total Monthly Rental Income
3550

Pmt & Rate Info

Cap Rate
6.8
Equity
600000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Central
Yes
2 or More Units
Yes

Cooling

Central Air
Yes
2 or More Units
Yes

Exterior Amenities

Fenced
Yes
RV/Boat Parking
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes

Appliances Included

Disposal
Yes
Refrigerator
Yes
Free-Standing Range
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Garage
Yes
Free
Yes
>1 Space Per Unit
Yes
Attached
Yes
Paved
Yes
RV Access/Parking
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

None
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Carpet; Other Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Fenced; RV/Boat Parking Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Disposal; W/D Hookup Heating: Central; Heat Pump; 2 or More Units Cooling: Central Air; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Garage; >1 Space Per Unit; Attached; RV Access/Parking; Free; Paved Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
Listing Office: eXp Realty
IDX
Last Updated: April - 14 - 2026
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