126 N 9TH Avenue, Phoenix, AZ 85007, Phoenix, 85007 - 5 bed, 2 bath
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Phoenix, AZ 85007
This High-Density Redevelopment Asset presents a High-Potential Investment Opportunity with a List Price of $820,000. While the current $756,848 Fair Market Value reflects its 1916 origins, the property provides immediate value through $15,000 in Seller Concessions and an income-generating Attached 2-Bedroom Unit. Given the Condition Rating of 4 and proximity to local schools, the primary upside is the Commercial Rezoning Potential for a six-story, 18-unit project. This is a strategic Value-Add Acquisition for Developers or Portfolio Investors targeting high-density urban growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 126 N 9TH Avenue Subject | $820,000* List Price | 5 | 2 | 2,200 | $344 | - |
A 829 N 8TH Avenue Sold | $630,000 | 3 | 2 | 2,008 | $314 | 0.5 mi |
B 1314 W Monroe Street Sold | $589,900 List Price | 3 | 2 | 1,561 | 0.3 mi | |
C 829 N 8TH Avenue Sold | $630,000 | 0 | 0 | 1,800 | $350 | 0.5 mi |
D 826 N 11TH Avenue Active | $620,000 List Price | 4 | 3 | 2,289 | $271 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1916, this property shows a mix of functional updates and visible wear. While it features updated tile flooring throughout and stainless steel appliances, the age of the home suggests significant underlying infrastructure demands. The interior appears dated with basic finishes, and there is visible damage to the front entry door requiring immediate repair. The low bathroom-to-bedroom ratio (2 baths for 5 bedrooms) further reflects an outdated configuration that requires modernization to meet current standards.
The property offers exceptional investment upside with the potential for commercial rezoning and redevelopment into a multi-story residential or mixed-use building.
The inclusion of an attached 2-bedroom unit with a separate entrance provides immediate rental income potential or a flexible multi-generational living arrangement.
A generous $15,000 seller concession is available, offering buyers substantial financial assistance for closing costs, interest rate buy-downs, or immediate upgrades.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2200, other record living area = 1889.
Built in 1916, this century-old structure may require significant ongoing maintenance and modernization of core systems to meet contemporary building standards.
With only two bathrooms serving a total of five bedrooms, the property's current configuration may be insufficient for large families or high-occupancy rental needs.
SELLER OFFERING $15,000 IN CONCESSIONS FOR BUYERS. Prime Downtown Phoenix Location. 3BR 1BA. Formal living room and dining room entry. Living and dining room entry with built in cabinetry. Kitchen feature stainless steel appliances. Cozy Fireplace. Close to schools, dining and entertainment. The attached separate entry unit is a 2 bed 1 bath of 800 square feet. Separate entry but all one attached structure. Located in Downtown Phoenix this property has the potential combined with the lot next door to be zoned commercial (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 commercial (c) Four- story -building that is all commercial.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 98% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,200 | 1,523 | 81% |
| Lot Size | 6,220 | 7,355 | 9% |
| Price | $820.0K | $485.2K | 79% |
| Price per sq ft | $373 | $354 | 60% |
| Built year | 1916 | 1936 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 303 | 1425 | 39% |
Jun 27, 2025
$820,000
Initial Listing