18001 N 43RD Way, Phoenix, AZ 85032, Phoenix, 85032 - 3 bed, 2 bath
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Phoenix, AZ 85032
This Income-Generating Residential Asset is a strategic acquisition listed at $464,900, positioned well below the $469,803 Fair Market Value by 1%. This valuation provides $4,903 in Instant Equity for the incoming buyer. Currently tenant-occupied, the home maintains a Fair Condition Rating with updated major systems and fresh interior paint, while offering a clear value-add opportunity in the kitchen. Situated on a spacious 8,271 sqft corner lot with no HOA and proximity to Paradise Valley High School, the property ensures long-term rental demand and lifestyle flexibility. This is an ideal opportunity for Buy-and-Hold Investors or Owner-Occupants seeking a future primary residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18001 N 43RD Way Subject | $464,900* List Price | 3 | 2 | 1,720 | $273 | - |
A 4333 E DESERT CACTUS Street Sold | $425,000 | 3 | 2 | 1,550 | $274 | 0.1 mi |
B 4333 E DESERT CACTUS Street Sold | $420,000 List Price | 3 | 2 | 1,520 | 0.1 mi | |
C 18245 N 42ND Place Sold | $455,000 | 3 | 2 | 1,340 | $340 | 0.3 mi |
D 4414 E DANBURY Road Sold | $414,900 List Price | 3 | 2 | 2,024 | 0.4 mi | |
E 4361 E MEADOW Drive Sold | $379,000 List Price | 3 | 2 | 1,930 | 0.4 mi | |
F 18245 N 42ND Place Sold | $455,000 | 3 | 2 | 1,340 | $340 | 0.3 mi |
G 4377 E COOLBROOK Avenue Pending | $535,000 List Price | 3 | 2 | 1,569 | $341 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, the property has undergone some recent cosmetic updates including fresh interior paint, consistent tile flooring throughout, and a renovated bathroom with modern wall tile and a built-in niche. However, the kitchen remains significantly outdated, featuring painted older cabinetry, laminate countertops, and basic white appliances. While the property is well-maintained and functional for its current use as a rental, the age of the home and the outdated kitchen components align with the fair condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8271, living area = 1720.
Currently tenant-occupied with a lease ending soon, this property provides immediate rental income with the flexibility to transition into a primary residence or renew the lease for continued cash flow.
Situated on a large corner lot with RV gate potential and no HOA restrictions, offering owners significant freedom for outdoor storage, customization, and no monthly association fees.
The tenant-occupied status and 'do not disturb' instruction can complicate the viewing process and may delay possession for buyers looking for an immediate move-in.
Built in 1971, the home may require ongoing attention to older structural elements or vintage layout features that are less common in modern construction.
TENANT-OCCUPIED | INCOME PROPERTY | LARGE LOT | NO HOA - Clean investment opportunity with immediate rental income and future flexibility. Currently tenant-occupied with a lease ending soon, allowing options to renew, self-manage, or transition to an owner-occupant purchase. Set on a spacious corner lot with mature trees, RV gate potential, and a refreshed backyard with updated irrigation, pavers, and gravel. Major systems have been updated, and the interior includes fresh paint, and tile flooring. Located in the PV School District close to shopping, dining, and freeway access. Please do not disturb tenant.
No exterior & parking available.
Grades K-6 • 1.2 mi
Grades 7-8 • 2.2 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,720 | 1,713 | 51% |
| Lot Size | 8,271 | 7,732 | 60% |
| Price | $464.9K | $450.0K | 56% |
| Price per sq ft | $270 | $288 | 42% |
| Built year | 1971 | 1979 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 73 | 1451 | 2% |
Feb 12, 2026
$464,900
Initial Listing