1306 W POLK Street, Phoenix, AZ 85007, Phoenix, 85007 - 5 bed, 2 bath
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Phoenix, AZ 85007
This property presents a High-Potential Investment Opportunity with a List Price of $389,000—positioned well below the $365,522 Fair Market Value by -6%. Featuring a 5-bedroom, 2-bathroom layout with a 2-bedroom casita and convertible office/shop, this asset offers significant rental upside. Given the Fair Condition Rating of 5, the property requires a full gut rehabilitation to address structural defects. This is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to maximize density in the Oakland Historic District.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1306 W POLK Street Subject | $389,000* List Price | 5 | 2 | 1,773 | $218 | - |
A 418 N 17TH Avenue Sold | $345,000 List Price | 3 | 2 | 1,262 | 0.4 mi | |
B 1711 W LATHAM Street Active | $297,000 List Price | 0 | 0 | 1,344 | $221 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1906, this 'Investor Special' shows significant safety and structural defects. Interior photos reveal exposed electrical wiring, large holes in walls, boarded-up windows, and crumbling finishes. While the listing mentions a newer roof, the property requires a full gut rehabilitation to be livable.
Featuring a 2-bedroom casita and a convertible office/shop, this property offers significant rental or Airbnb potential with the ability to expand to a 6-bedroom, 3-bathroom configuration.
Situated in the desirable Oakland Historic District, the home is ideally located near Phoenix's cultural, dining, and arts centers, appealing to urban dwellers and tourists alike.
The property includes a newer roof, RV gate with alley access, and a secure block wall, providing essential infrastructure and accessibility for multiple tenants or large vehicles.
Marketed as an 'Investor Special' and built in 1906, the property likely requires substantial capital expenditure to modernize the interior and address potential age-related structural or system issues.
The local public schools are rated below average (4/10 and 3/10), which may limit the property's appeal to long-term family residents and impact future resale value.
Investor Special! 5 bedroom 2 bathroom home featuring multiple buildings including a 2 bedroom casita with a private driveway & vaulted ceilings throughout! Additional office/shop with gated double driveway! 1,773sf! Newer roof! Easily convert the office/shop to a 1/1 efficiency unit - this would make the home a 6/3!! RV gate & access! Block wall! Alley behind! Perfect for AirBNB! Amazing Oakland Historic District Neighborhood Cultural, Dining & Arts Center!!
No exterior & parking available.
Grades PK-8 • 0.8 mi
Grades 9-12 • 3.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,773 | - |
| Lot Size | 6,250 | - |
| Price | $389.0K | $495.4K |
| Price per sq ft | $219 | $290 |
| Built year | 1906 | 0 |
| HOA | $0 | $0 |
| Days on market | 69 | 1260 |
May 15, 2026
$389,000
Initial Listing