1011 E MEDLOCK Drive, Phoenix, AZ 85014, Phoenix, 85014 - 3 bed, 2 bath
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Phoenix, AZ 85014
This Mid-Century Value-Add Residence represents a Prime Investment Opportunity with a List Price of $440,000—positioned well below the $449,375 Fair Market Value by 2%. This valuation gap provides $9,375 in Instant Equity, with substantial upside potential through modernization to reach the $700K+ neighborhood benchmark. Featuring Multi-family Zoning, a 7,602 sqft lot with flood irrigation, and a patio, the property maintains a Fair Condition Rating. Located in the prestigious Madison School District, it is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1011 E MEDLOCK Drive Subject | $440,000* List Price | 3 | 2 | 1,194 | $376 | - |
A 1101 E OREGON Avenue Sold | $425,000 | 3 | 1 | 1,232 | $345 | 0.2 mi |
B 1031 E MISSOURI Avenue Sold | $325,000 | 3 | 2 | 1,088 | $299 | 0.4 mi |
C 1208 E COLTER Street Sold | $340,000 | 2 | 1 | 856 | $397 | 0.3 mi |
D 4611 N 11TH Street Sold | $475,000 | 3 | 2 | 1,385 | $343 | 0.5 mi |
E 1221 E OREGON Avenue Sold | $485,000 | 3 | 1 | 1,226 | $396 | 0.3 mi |
F 4242 N 10th Street Sold | $396,000 List Price | 3 | 1 | 1,240 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948, this mid-century cottage is well-maintained and livable with some notable updates, including a kitchen with stainless steel appliances and stone countertops, and tile flooring throughout. However, the property shows signs of age in the bathrooms and exterior structures. The listing agent explicitly notes the home requires modernization to reach its full market potential, placing it in the 'Fair' category as an aged but functional property needing further updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7602, living area = 1194.
Zoned for multi-family use and priced significantly below renovated neighborhood comps, this property offers substantial equity growth and development flexibility.
Situated in the highly desirable Uptown Phoenix area within the prestigious Madison School District, providing excellent proximity to downtown, shopping, and dining.
As a 1948 cottage priced for equity building, the home likely requires extensive modernization and capital investment to reach its full market potential.
At just 1,194 square feet for a three-bedroom configuration, the interior living spaces and individual rooms may feel cramped by modern residential standards.
Start your homeownership journey in the highly sought-after Uptown neighborhood. This charming 3-bed, 2-bath mid-century cottage home sits on a spacious lot with mature landscaping and coveted flood irrigation, a rare find. Zoned Multi-family for a great investment. Layout offers room to grow, including a primary suite that could be converted to a private mother-in-law space. This is the perfect chance to build equity and make it your own in an area where renovated homes are selling over $700K. Large front and backyards provide space to relax, garden, or expand. 3 large pecan trees. Located in the Madison School District & close to downtown, shopping, and dining. Priced way under comps to sell quick. Fantastic opportunity. Owner/Agent
No exterior & parking available.
Grades 5-8 • 0.9 mi
Grades PK-4 • 1.1 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,194 | 1,695.5 | 13% |
| Lot Size | 7,602 | 7,756 | 48% |
| Price | $440.0K | $485.0K | 43% |
| Price per sq ft | $369 | $324 | 63% |
| Built year | 1948 | 1952 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 64 | 1642 | 2% |
Feb 21, 2026
$440,000
Initial Listing