15224 N 30TH Street, Phoenix, AZ 85032, Phoenix, 85032 - 5 bed, 3 bath
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Phoenix, AZ 85032
This Value-Add Multi-Unit Asset represents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $611,291 Fair Market Value by 18%. This valuation gap provides $112,291 in Instant Equity for buyers prepared to address the Condition Rating of 4. The property features a versatile triplex configuration on an oversized 17,424 sqft lot with R1-8 zoning allowing for up to five units. With mountain views and significant development upside, this is an elite acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15224 N 30TH Street Subject | $499,000* List Price | 5 | 3 | 1,994 | $307 | - |
A 2816 E VISTA Drive Sold | $540,000 | 4 | 2 | 2,204 | $245 | 0.3 mi |
B 2902 E CLAIRE Drive Active | $579,000 List Price | 3 | 2 | 2,032 | $285 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, the property is aged and shows signs of deferred maintenance, particularly with debris and clutter on the oversized lot. While the listing states it is move-in ready for tenants, the 'as-is' condition and nearly 70-year-old structure indicate that major systems and interior finishes are likely outdated and nearing the end of their functional lifespan, requiring modernization to maximize value.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17424, living area = 1994.
The property features a versatile triplex configuration with two 2-bedroom units and a separate guest house, offering immediate rental income or house-hacking opportunities.
Situated on an oversized lot with R1-8 zoning, there is significant potential to expand or redevelop the site into up to five units, maximizing the land's value.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The property is being sold in as-is condition and dates back to 1955, likely requiring significant capital expenditures for repairs, upgrades, or modernization.
While the listing suggests potential for five units, the buyer must independently verify all zoning and density allowances, which may involve complex city approval processes.
Income property with major upside in North Phoenix! This vacant triplex includes two 2-bedroom, 1-bath units (one upstairs, one downstairs) plus a separate guest house--ideal for rental income or a house-hack setup. Situated on an oversized lot with zoning that may allow up to five units, there's strong potential to expand or redevelop. The property also features a storage shed and plenty of space to bring your vision to life. Conveniently located near freeways, shopping, and dining. Move-in ready for tenants or renovate to maximize value. Sold as-is. Buyer to verify all facts, figures, and zoning. Zoned R1-8 (Single Family Residence, density range approx. 4-5+ units with bonus).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 95% |
| Baths | 3.0 | 2.0 | 77% |
| Square foot | 1,994 | 1,713 | 68% |
| Lot Size | 17,424 | 7,732 | 95% |
| Price | $499.0K | $450.0K | 61% |
| Price per sq ft | $250 | $288 | 39% |
| Built year | 1955 | 1979 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 1451 | 0% |
Apr 4, 2026
$499,000
Initial Listing