
Phoenix, AZ 85007
This Versatile Multigenerational Residence is a Strong Value Opportunity, listed at $559,000, offering a stable acquisition at its $559,000 Fair Market Value. Following an extensive recent renovation, the property holds a Condition Rating of 2 and features a modernized kitchen with stainless appliances and wood-look flooring. Its flexible layout is specifically designed for rental income or dual-living near Arizona State University, complemented by premium city skyline and sunset views. This property is perfectly suited for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors targeting the downtown Phoenix corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1521 W GARFIELD Street Subject | $559,000* List Price | 3 | 3 | 2,059 | $271 | - |
A 1334 W CULVER Street Sold | $479,000 List Price | 3 | 3 | 1,865 | 0.4 mi | |
B 829 N 8TH Avenue Sold | $630,000 | 2 | 2 | 2,008 | $314 | 0.5 mi |
C 1107 W ROOSEVELT Street Sold | $470,000 | 3 | 3 | 1,505 | $312 | 0.3 mi |
D 829 N 8TH Avenue Sold | $630,000 | 3 | 2 | 2,008 | $314 | 0.5 mi |
E 1107 W ROOSEVELT Street Sold | $470,000 | 3 | 3 | 1,505 | $312 | 0.3 mi |
F 933 W PALM Lane Sold | $514,900 List Price | 3 | 2 | 1,998 | 0.9 mi | |
G 1538 W CULVER Street Active | $574,900 List Price | 4 | 3 | 1,924 | $299 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1900, the property has undergone an extensive recent renovation within the last 5 years. The interior features a fully modernized kitchen with high-end stainless steel appliances, a contemporary glass and stainless vent hood, shaker-style cabinetry, and updated tile backsplashes. The home also boasts new wood-look flooring, modern light fixtures, and fresh paint throughout, meeting current quality standards with no visible deferred maintenance.
The home's layout is specifically designed for multigenerational living or rental income, featuring distinct areas that can serve as guest quarters, a home office, or a potential rental setup.
Situated adjacent to the Oakland Historic District and near Arizona State University, the property offers excellent proximity to major employment hubs, lifestyle destinations, and downtown Phoenix.
With its functional floor plan and high-demand location, the property presents a strong opportunity for long-term rental income or a strategic value-add investment portfolio addition.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6250, other record lot size in square feet = 2059.
Originally built in 1900, the home may require ongoing maintenance or specialized repairs typical of century-old structures to ensure modern efficiency and structural integrity.
The assigned public schools have lower ratings (3 and 4 out of 10), which may be a drawback for families prioritizing high-performing educational districts.
Designed for multigenerational living, extended family, or income-producing potential, this versatile home adjacent to the Oakland Historic District delivers flexibility and style right in the heart of Phoenix. Thoughtfully designed to balance privacy and connection, the layout offers distinct living areas that easily adapt to a variety of needs--whether for dual living, guest quarters, a home office, or a potential rental setup. Multiple living spaces and generously sized bedrooms provide separation where desired, while shared areas remain ideal for gathering and everyday living. From an investment standpoint, the property presents a compelling opportunity for long-term hold, rental income, or future value-add potential. Its functional floor plan, combined with proximity to Arizona State University, makes it well-suited as a primary residence with supplemental income or a strategic addition to an investment portfolio. Outdoor living captures stunning sunset views and city vistas, offering space to relax, entertain, or expand. Ideally located near key amenities, employment hubs, and lifestyle destinations, this home combines convenience with opportunity. This is a rare chance to own a property that aligns with how people live today--flexible, functional, and full of possibility.
No exterior & parking available.
Grades PK-8 • 0.4 mi
Grades 9-12 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 2,059 | 1,523 | 79% |
| Lot Size | 6,250 | 7,355 | 16% |
| Price | $559.0K | $485.2K | 58% |
| Price per sq ft | $271 | $349 | 32% |
| Built year | 1900 | 1936 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 114 | 1425 | 8% |
Jan 2, 2026
$559,000
Initial Listing