1505 E WILLETTA Street, Phoenix, AZ 85006, Phoenix, 85006 - 5 bed, 4 bath
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Phoenix, AZ 85006
This Dual-Unit Residential Property represents a Strong Value Opportunity, listed at $615,000—positioned above the $560,673 Fair Market Value. While the list price exceeds the current estimate, the property’s Condition Rating of 3 and significant interior renovations provide immediate move-in readiness. Featuring a Detached Guest House and a Private Patio, this asset offers exceptional flexibility for multi-generational living or rental income. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the property's dual-unit versatility near Downtown Phoenix.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1505 E WILLETTA Street Subject | $615,000* List Price | 5 | 4 | 2,332 | $240 | - |
A 2250 E WILLETTA Street Sold | $450,000 | 4 | 3 | 2,200 | $205 | 1.0 mi |
B 2014 N 18TH Street Sold | $439,000 | 4 | 2 | 1,644 | $267 | 0.6 mi |
C 1306 E WILLETTA Street Pending | $699,000 List Price | 5 | 4 | 2,230 | $313 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1970, the property shows clear evidence of significant interior renovations within the last 5-15 years. Images reveal updated bathrooms with modern subway tile and vanities, as well as contemporary flooring and lighting throughout. The home is well-maintained and move-in ready, though the overall age of the structure and systems keeps it from an 'Excellent' rating.
The property features two separate residences on a single lot, offering exceptional flexibility for rental income, short-term hosting, or multi-generational living arrangements.
Situated just blocks from Downtown Phoenix, the home provides easy access to the city's vibrant dining, entertainment, and employment hubs, ensuring long-term desirability.
With a total of 5 bedrooms and 4 bathrooms across both units, the property offers a rare amount of living space and privacy for a lot of this size in a central urban area.
Having been on the market for over 60 days, the property may face perception issues regarding its pricing or condition relative to current buyer expectations.
The local high school carries a rating of 4, which may be a deterrent for families prioritizing top-tier educational districts for their children.
Two homes, one lot, blocks from Downtown Phoenix's energy. The main house has 3 bedrooms, 3 bathrooms, and a den, enough room to actually spread out, not just list specs. The detached guest house adds 2 more bedrooms, a full bathroom and kitchen completely separate from the main residence. This layout opens up real options. Rent out the guest house while you live in the main home. House a parent or adult kid without anyone tripping over each other. Run it as two income streams if short-term rental works for your strategy. Or keep both under one roof for extended family that needs their own space and their own door. This close to Historic Downtown Phoenix, that kind of flexibility doesn't come around often.
No exterior & parking available.
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,332 | - |
| Lot Size | 6,750 | - |
| Price | $615.0K | $495.4K |
| Price per sq ft | $264 | $290 |
| Built year | 1970 | 0 |
| HOA | $0 | $0 |
| Days on market | 89 | 1260 |
Apr 24, 2026
$615,000
Initial Listing