
Phoenix, AZ 85013
This Dual-Residence Compound is a High-Potential Investment Opportunity, listed at $830,000—positioned above the $731,441 Fair Market Value. While priced at a premium, the property offers rare Dual-Residence Versatility with a 2BR/2BA main house and a 1BR/1BA cottage, ideal for rental income or multigenerational living. Featuring an Excellent Condition Rating with modern kitchen and bath updates, this Woodlea Historic District asset provides immediate move-in readiness. This unique offering is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating historic residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1146 W MACKENZIE Drive Subject | $825,000* List Price | 3 | 3 | 1,379 | $461 | - |
A 1413 W GLENROSA Avenue Pending | $699,999 List Price | 3 | 3 | 1,548 | $452 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1947, the property has undergone significant renovations. The bathroom features high-end, modern finishes including marble-style tiling and a freestanding tub (Excellent/recent). The kitchen is updated with butcher block countertops and white cabinetry. With consistent LVP flooring and updated fixtures throughout, the home is well-maintained and move-in ready, fitting the 5-15 year renovation window.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7331, living area = 1379.
The property features two separate homes on one lot (a 2BR/2BA main house and a 1BR/1BA cottage), providing rare flexibility for rental income, multigenerational living, or a private home office.
Situated in the highly sought-after Woodlea Historic District, the home offers a prestigious address within walking distance to the Melrose District, light rail access, and urban dining.
At a list price of $830,000 for 1,379 total square feet, the property sits at a premium price point that may be challenging for buyers focused on maximizing interior living space.
The assigned public schools, including Central High and Encanto School, carry lower ratings (3 to 5), which may be a drawback for families prioritizing top-tier educational performance.
Rare opportunity in the highly sought-after Woodlea Historic District! This unique & CHARMING property features two separate homes on one lot, blending historic charm with modern convenience in one of Central Phoenix's most treasured neighborhoods. The main home is a 2 bedroom/2 bath, and the Cottage is a 1 bedroom 1 bath. The beautifully maintained main residence showcases timeless character, inviting living spaces, abundant natural light, and architectural details that reflect the neighborhood's rich history. A second detached residence offers exceptional flexibility for multigenerational living, guests, rental income, a private office, or creative studio space. Surrounded by mature landscaping and historic streetscapes, the property captures the essence of Woodlea living while providing the versatility today's buyer's market. Both homes offer comfortable living spaces, updated amenities, and a welcoming atmosphere that is difficult to find in newer construction. Located just minutes from downtown Phoenix, Midtown, the Melrose District, light rail access, dining, shopping, and entertainment, this property combines historic character with urban convenience. Whether you're seeking an owner-occupied income property, a multigenerational compound, or a unique historic residence with additional living quarters, this exceptional Woodlea offering presents endless possibilities. Experience the charm, character, and flexibility of owning two homes in one of Phoenix's most iconic historic neighborhoods.
No exterior & parking available.
Grades PK-8 • 0.4 mi
Grades PK-8 • 0.6 mi
Grades 7-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,379 | - |
| Lot Size | 7,331 | - |
| Price | $825.0K | $495.4K |
| Price per sq ft | $598 | $290 |
| Built year | 1947 | 0 |
| HOA | $0 | $0 |
| Days on market | 52 | 1260 |
Jul 17, 2026
$825,000
$830,000
-1% Price Drop
Initial Listing
Jun 1, 2026
$830,000
Initial Listing