174 W ELM Street, Phoenix, AZ 85013, Phoenix, 85013 - 3 bed, 2 bath
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Phoenix, AZ 85013
This Renovated Historic Residence is listed at $600,000, representing a stable valuation for its rare R3 Multifamily Zoning and detached 480 sqft studio guest house. While positioned relative to a $544,849 Fair Market Value, the price reflects the property's significant income potential and Condition Rating of 2 following a high-quality renovation. Located in the Pierson Historic District near Central High School, the home features hardwood floors, a refreshed kitchen, and a new sewer line. This versatile asset is perfectly suited for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors targeting midtown's rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 174 W ELM Street Subject | $585,000* List Price | 3 | 2 | 1,657 | $324 | - |
A 1325 W Missouri Avenue Sold | $488,000 | 3 | 2 | 1,868 | $261 | 1.0 mi |
B 822 W VERMONT Avenue Sold | $579,999 List Price | 3 | 2 | 1,768 | 0.7 mi | |
C 4815 N 14TH Avenue Sold | $445,000 | 3 | 2 | 1,487 | $299 | 0.7 mi |
D 1202 W HAZELWOOD Street Sold | $559,900 | 3 | 2 | 2,065 | $271 | 0.6 mi |
E 5122 N 13TH Avenue Sold | $515,000 | 3 | 2 | 1,385 | $372 | 0.8 mi |
F 1008 W AMELIA Avenue Sold | $495,000 | 3 | 2 | 1,185 | $418 | 1.0 mi |
G 119 W PIERSON Street Active Under Contract | $599,000 List Price | 3 | 2 | 1,596 | $375 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1947 build date, the property has undergone a recent high-quality renovation (likely <5 years) including a refreshed kitchen with brand-new stainless steel appliances, new interior/exterior paint, and updated light fixtures. Critical systems have been addressed with a new sewer line, and the interior features mint-condition hardwood floors and modern recessed lighting, making it fully move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8201, living area = 1657.
The detached 480 sqft studio guest house with a full kitchenette and bathroom offers excellent versatility for rental income or multi-generational living.
Situated in the Pierson Historic District, the home blends classic features like hardwood floors with critical modern upgrades, including a new sewer line and refreshed kitchen.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1657, other record living area = 1177.
The main residence features only one bathroom for two bedrooms, which may be a constraint for families or buyers seeking more convenience.
While centrally located, the assigned high school and several nearby middle schools have lower performance ratings, which could impact appeal for families with school-aged children.
Located in the sought after Pierson Historic District, this home offers a seamless mix of classic charm and modern convenience. The kitchen has been refreshed with updated cabinetry and brand-new stainless steel appliances, while the home retains its character with hardwood floors and pocket doors! Additional improvements include interior and exterior paint, new light fixtures, new sewer line for peace of mind, all new Samsung washer and dryer, and RV gate. The main home offers 2 bedrooms, 1 bathroom at 1,177 sqft, plus a detached 480 sqft studio guest house with a full kitchenette and bathroom. Ideal for guests or rental income. Zoned R3 for multifamily, offering excellent investment potential. Backyard with lush grass, sprinklers, and a huge pergola with a gas fire pit. Shops all aroun
No exterior & parking available.
Grades PK-4 • 2.3 mi
Grades PK-4 • 2.6 mi
Grades 7-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,657 | - |
| Lot Size | 8,201 | - |
| Price | $585.0K | $495.4K |
| Price per sq ft | $353 | $290 |
| Built year | 1947 | 0 |
| HOA | $0 | $0 |
| Days on market | 91 | 1260 |
Jul 4, 2026
$585,000
$595,000
-2% Price Drop
Initial Listing
Jun 1, 2026
$595,000
$600,000
-1% Price Drop
Initial Listing
Apr 23, 2026
$600,000
Initial Listing