1028 N 27TH Street, Phoenix, AZ 85008, Phoenix, 85008 - 6 bed, 4 bath
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1028 N 27TH Street
Phoenix, AZ 85008
ACTIVE
CONDITION: EXCELLENT
6Beds
4Baths
2,113Sq Ft
9,700Lot Size
Property Price
LIST PRICE$469,900
EST. MARKET VALUE
$492,336
4% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a well-maintained duplex listed at $469,900—positioned well below the $492,337 Fair Market Value by 4%. This valuation gap offers $22,437 in Instant Equity. Featuring a mint condition rating with modern finishes, the property provides immediate cash flow via a $2,000 monthly lease. Its central location near major employment hubs ensures long-term rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset their mortgage through rental income.
Estimated Market Value
$492,336+$22,436 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Phoenix.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 2004, the property shows evidence of a recent high-quality renovation (likely <5 years) featuring modern LVP flooring, updated shaker-style cabinetry, stainless steel appliances, and fresh neutral paint. The interior is in mint, move-in ready condition with no visible maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9700, living area = 2113.
- Immediate Rental Income
The property features a dual-unit configuration with one unit already leased at $2,000 per month, providing immediate cash flow and an excellent opportunity for house-hacking or pure investment.
- Modern Construction & Layout
Built in 2004, this duplex offers more modern structural standards than many surrounding properties, featuring desirable 3-bedroom/2-bathroom layouts with vaulted ceilings and primary suites.
CONSRISKS & DEFICIENCIES
- Potential Noise Pollution
Proximity to the airport and major freeways, while convenient for commuting, likely results in significant aircraft and traffic noise that could impact residential quietude.
- Classification Discrepancy
The property is listed as a Single Family Residence despite functioning as a duplex, which may lead to complexities in financing, appraisals, or visibility to the correct buyer pool.
About 1028 N 27TH Street
Excellent investment opportunity with this well-maintained duplex! Each features 3 beds & 2 baths with a functional, thoughtfully designed layout. Unit 1 is vacant and move in ready while Unit 2 is leased at $2,000 per month , providing immediate rental income. Inside each unit, you'll find a seamlessly flowing open floor plan enhanced by vaulted ceilings and abundant natural light. The kitchens include appliances, cabinetry, & a laundry closet. Each primary suite features a walk-in closet and a private bathroom. Plus plenty of parking spaces! Desirable location close to schools, hospitals, freeways, shopping, restaurants, and the airport; this property is an outstanding opportunity for investors or owner-occupants looking to offset their mortgage with rental income owner agent
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2004
- Lot Size
- 9,700 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,113 | 1,850.5 |
| Lot Size | 9,700 | 7,313 |
| Price | $469.9K | $481.7K |
| Price per sq ft | $222 | $289 |
| Built year | 2004 | 1987 |
| HOA | $0 | $175 |
| Days on market | 26 | 757 |
Pricing History
Listed for Sale
Jul 31, 2026
$469,900
Initial Listing