1 E LEXINGTON Avenue 302, Phoenix, AZ 85012, Phoenix, 85012 - 1 bed, 1 bath
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Phoenix, AZ 85012
This One-Bedroom Condominium is a High-Potential Investment Opportunity, listed at $399,000—positioned well above the $386,878 Fair Market Value by -3%. Featuring a Condition Rating of 3, this unit offers a Granite Kitchen, 12-foot ceilings, and two secured parking spots. While the association fee is notable, the transit-oriented location on the light rail provides significant urban utility. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a modern, amenity-rich lifestyle in Central Phoenix.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 E LEXINGTON Avenue 302 Subject | $399,000* List Price | 1 | 1 | 825 | $469 | - |
A 1 E LEXINGTON Avenue 1407 Sold | $350,000 | 1 | 1 | 734 | $477 | 0.0 mi |
B 1 E LEXINGTON Avenue 1306 Sold | $329,000 | 1 | 1 | 703 | $468 | 0.0 mi |
C 1 E LEXINGTON Avenue 1407 Sold | $350,000 | 1 | 1 | 734 | $477 | 0.0 mi |
D 3131 N CENTRAL Avenue 3004 Sold | $340,000 | 1 | 2 | 808 | $421 | 0.1 mi |
E 3131 N CENTRAL Avenue 6010 Sold | $435,000 | 2 | 2 | 1,109 | $392 | 0.1 mi |
F 1 E LEXINGTON Avenue 1107 Active Under Contract | $359,999 List Price | 1 | 1 | 734 | $490 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008, the property falls within the 10-20 year age bracket. It is well-maintained and move-in ready with a functional entertainer's kitchen featuring granite countertops and stainless steel appliances. The interior shows no signs of significant wear, and the inclusion of newer appliances and modern exposed ductwork indicates systems are in good working order.
This unit includes two secured parking spaces, a significant and rare advantage for a one-bedroom condo in a dense urban environment like Central Phoenix.
The property boasts 12-foot ceilings with exposed ductwork and floor-to-ceiling windows, creating a dramatic, light-filled industrial aesthetic that feels much larger than its 825 square feet.
Located directly on the light rail with a comprehensive amenity package including a concierge, pool, and fitness center, the property offers peak urban convenience and connectivity.
The association fee of $658 per month is relatively high for a one-bedroom unit, which may impact the overall affordability and debt-to-income ratio for potential buyers.
The assigned public schools carry lower ratings (ranging from 3 to 5), which could limit the property's appeal to families or investors concerned with long-term resale value.
Fantastic one bed condo in premiere One Lexington Condominiums on Central Avenue, the largest one bed floor plan at 825 sf. TWO parking spots in attached secured parking garage. Available furnished. Beautiful views.spacious rooms, balcony, floor to ceiling windows, 12 foot ceilings with exposed ductwork, dramatic light filled bedroom, large walk in closet and bath and shower combination. Entertainer's kitchen with granite countertops, extensive cabinetry and storage. Newerwasher/dryer. Extra space at foyer can be used as office. Community amenities: Concierge, beautiful pool area, spa, well equipped fitness room, yoga room, media room, business meeting space, and location on light rail! CHecks all the boxes!
No exterior & parking available.
Grades PK-8 • 0.9 mi
Grades PK-8 • 1.0 mi
Grades 7-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 825 | - |
| Lot Size | 825 | - |
| Price | $399.0K | $310.8K |
| Price per sq ft | $484 | $272 |
| Built year | 2008 | 0 |
| HOA | $658 | $0 |
| Days on market | 49 | 1408 |
Jun 4, 2026
$399,000
Initial Listing