1848 E OAK Street, Phoenix, AZ 85006, Phoenix, 85006 - 2 bed, 1 bath
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Phoenix, AZ 85006
Analysis of 1848 E OAK Street, Phoenix, AZ 85006 is currently available with a list price of $250,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1946, this small 894 sqft structure is marketed primarily for its R-3 multi-family zoning and redevelopment potential. The listing emphasizes the large 11,951 SF lot and the opportunity to maximize value through new construction or expansion, indicating the existing residence is at the end of its functional life and the value lies in the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11951, living area = 894.
The R-3 multi-family zoning allows for up to three dwelling units, offering a rare and lucrative opportunity for redevelopment or high-density investment in a central location.
The generous 11,951 SF lot provides significant flexibility for property expansion, additional units, or a large-scale residential project that is uncommon for the area.
Built in 1946 with only 894 square feet of living space, the existing residence likely requires substantial renovation or may be considered a teardown to reach its highest and best use.
The local public schools carry low ratings (ranging from 2 to 4), which may deter owner-occupant families and limit the property's appeal to a broader buyer demographic.
Great opportunity in a desirable central Phoenix location with incredible potential. Situated on a spacious 11,951 SF lot, this property offers R-3 multi-family zoning, allowing for up to three dwelling units, making it an excellent option for redevelopment, expansion, or investment. Generous lot size provides flexibility for a variety of possibilities, whether enhancing the existing residence, adding additional units, or creating a multi-unit income property. With strong zoning and lot dimensions, this property presents a unique chance to maximize value in a rapidly developing area.Conveniently located just minutes from Phoenix Children's Hospital, with easy access to the AZ-51 Freeway. This central location offers both accessibility and strong long-term growth potential.
No exterior & parking available.
Grades K-8 • 0.5 mi
Grades PK-8 • 1.3 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 28% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 894 | 1,344 | 7% |
| Lot Size | 11,951 | 6,799 | 93% |
| Price | $250.0K | $415.3K | 32% |
| Price per sq ft | $280 | $327 | 44% |
| Built year | 1946 | 1944 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 1489 | 1% |
Mar 13, 2026
$250,000
Initial Listing