2159 E MCKINLEY Street, Phoenix, AZ 85006, Phoenix, 85006 - 3 bed, 2 bath
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Phoenix, AZ 85006
This Versatile Income-Generating Residence is a High-Potential Investment Opportunity, listed at $280,000—positioned well below the $344,371 Fair Market Value by 18%. This valuation gap offers $64,371 in Instant Equity for savvy buyers. While carrying a Fair Condition Rating, the home boasts a Modernized Kitchen with granite countertops and a rare Attached Guest House with a private entrance. This dual-living setup provides immediate rental income potential or a "house hack" advantage in a non-HOA area. It is perfectly suited for Owner-Occupants or Buy-and-Hold Investors.
Property is moderate renovation needed.
Built in 1954, this property falls into the 'fair' category as it shows a mix of updated and aged components. While the main kitchen has been modernized with granite countertops, a tile backsplash, and dark wood cabinetry, other areas of the home show significant signs of age. Specifically, the guest house interior shows ceiling wear and older finishes, the exterior yard is unlandscaped dirt, and the presence of window AC units alongside a roof-mounted system suggests dated or inconsistent climate control. The home is functional and maintained but requires cosmetic updates and minor repairs.
The attached guest house with a private entrance, bedroom, and bathroom offers excellent versatility for rental income, multi-generational living, or a private home office.
The kitchen features high-quality updates including granite countertops, a center island, and a tile backsplash, providing a contemporary and functional heart to the home.
Marketed as an energy-efficient property, this home is designed to help reduce utility costs, which is a significant value-add in the Phoenix desert climate.
Originally built in 1954, the property may have aging structural or mechanical systems that could require ongoing maintenance or future capital improvements.
With 1,258 total square feet distributed between the main house and the guest quarters, the individual rooms and common areas may feel small for larger households.
Lovely energy-efficient home featuring an attached GUEST HOUSE with private entrance, bedroom, and bathroom-ideal for guests, rental potential or extended family! Check out the inviting living room bathed in natural light, creating the perfect setting for comfortable everyday living. Adjacent is the formal dining room, ideal for special occasions. The kitchen offers a tile backsplash, abundant cabinetry, granite countertops, and a center island that adds valuable prep space. Both bedrooms are equipped with ceiling fans, creating a cozy and relaxing ambiance for restful nights. The spacious backyard includes a large storage shed and a covered patio, perfect for unwinding after a busy day. Seize the opportunity while it's still available! UPDATED GUEST HOUSE PICTURES
No exterior & parking available.
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 | 1,258 | 1,344 | 38% |
| Lot Size | 6,049 | 6,789 | 12% |
| Price | $260.0K | $415.3K | 32% |
| Price per sq ft | $207 | $327 | 34% |
| Built year | 1954 | 1944 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 1489 | 1% |
Apr 17, 2026
$260,000
$280,000
-7% Price Drop
Initial Listing
Mar 18, 2026
$280,000
Initial Listing