122 N 9TH Avenue, Phoenix, AZ 85007, Phoenix, 85007 - 4 bed, 3 bath
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Phoenix, AZ 85007
This Historic Downtown Phoenix Property is a versatile Asset featuring a remodeled main home and a detached Income-Generating Casita. Listed at $845,000, the valuation accounts for its Condition Rating of 3 and rare Commercial/Multi-Family Zoning with potential for a Six-Story Building. While the price sits above the $805,353 Fair Market Value, the $20,000 Seller Concessions and City Skyline Views provide significant leverage in a high-demand urban corridor. This property is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to capitalize on urban redevelopment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 122 N 9TH Avenue Subject | $845,000* List Price | 4 | 3 | 1,603 | $502 | - |
A 829 N 8TH Avenue Sold | $630,000 | 2 | 2 | 1,390 | $453 | 0.6 mi |
B 917 W LYNWOOD Street Sold | $890,000 | 2 | 2 | 1,657 | $537 | 1.0 mi |
C 1301 W Culver Street Sold | $675,000 | 3 | 3 | 1,561 | $432 | 0.9 mi |
D 1302 W CULVER Street Active | $825,000 List Price | 3 | 2 | 1,633 | $505 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone a significant interior remodel. The bathroom features modern tiling and contemporary gold fixtures, while the kitchen has been updated with stainless steel appliances and fresh paint on the cabinetry. Although the home dates back to 1911, the updates to the flooring, lighting, and the addition of a functional casita meet the criteria for a well-maintained, updated home, though some original architectural elements and older cabinet structures prevent it from reaching the 'excellent' tier.
The property features versatile commercial/multi-family zoning with the potential to develop a multi-story building, offering immense value-add opportunities for investors or developers.
Includes a separate 500-square-foot, 1-bedroom, 1-bathroom casita, providing an excellent opportunity for rental income, a guest house, or a private home office.
The seller is offering $20,000 in concessions, which provides buyers with significant financial leverage to buy down interest rates or cover closing costs.
Built in 1911, the property may present long-term maintenance challenges and infrastructure complexities inherent to century-old homes, despite the modern interior updates.
With a list price of $845,000 for 1,603 total square feet, the property sits at a high price-per-square-foot that may be difficult to justify for buyers not focused on its commercial redevelopment potential.
SELLER OFFERING $20,000 IN CONCESSIONS FOR BUYERS. Located in Downtown Phoenix this property has the potential combined with the lot next door zoned commercial/multi-family (a) Six- story building made up of 18 units with each unit consisting of 2200. sq ft . All residential (b) Six story - building made up of half residential and half residential and half commercial (c) Four- story - building that is all commercial. Attic can be converted to livable space.PROPERTY HAS A 1 BED 1 BATH, 500 SQUARE FEET CASITA. Live in the vibrant heart of Downtown Phoenix with stunning skyline views in this beautifully remodeled 3-bedroom, 2-bath home. Located for convenience in one of the city's most sought-after locations. Enjoy a fully updated interior!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,603 | - |
| Lot Size | 6,990 | - |
| Price | $845.0K | $495.4K |
| Price per sq ft | $527 | $290 |
| Built year | 1911 | 0 |
| HOA | $0 | $0 |
| Days on market | 391 | 1260 |
Jun 27, 2025
$845,000
Initial Listing