2225 W MORTEN Avenue 3, Phoenix, AZ 85021, Phoenix, 85021 - 2 bed, 2 bath
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Phoenix, AZ 85021
This property presents a High-Potential Investment Opportunity with a List Price of $479,000—positioned well above the $421,458 Fair Market Value by -13%. Featuring an Excellent Condition Rating due to recent renovations, including a Granite Kitchen and new 2025 roof, the home offers immediate utility. The 0.401-acre lot with Multi-Family Zoning (R2) provides significant development upside. This unique, livestock-ready asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile property with expansion potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2225 W MORTEN Avenue 3 Subject | $434,900* List Price | 2 | 2 | 1,200 | $343 | - |
A 1832 W NORTHVIEW Avenue Sold | $475,000 | 3 | 3 | 1,448 | $328 | 0.6 mi |
B 1818 W LAS PALMARITAS Drive Pending | $499,000 List Price | 3 | 2 | 1,261 | $396 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1948, the property qualifies for an excellent rating due to significant recent renovations (<5 years) including a newer kitchen with granite countertops and stainless appliances, updated bathrooms, newer HVAC, and a roof coating completed in 2025.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17460, living area = 1200.
Situated on a 0.401-acre lot within a multi-family zone, this property offers significant upside for investors or developers looking to expand or add units in a desirable Phoenix location.
The home features key high-value upgrades including a newer kitchen with granite countertops, updated bathrooms, newer HVAC, and a 2025 roof coating, ensuring reduced immediate maintenance costs.
Originally built in 1948, the property may present challenges inherent to older homes, such as dated structural elements or utility configurations that may require future attention.
With only 1,200 square feet of living area and two bedrooms, the interior footprint is relatively small, which may limit its appeal to larger families or those seeking more indoor square footage.
Unique opportunity to purchase this home on a multi-family zone 0.401 acre lot in Phoenix. This horse/livestock ready property has received significant upgrades including a newer kitchen, newer HVAC, newer bathrooms, and a new roof coating in 2025. The open floorplan features a great room setup with an open concept for the living/dining/kitchen area. Granite countertops and stainless-steel appliances in the kitchen. The lot is fenced with a gate for a secure entry. There is a ton of space for vehicles, storage, animals, or whatever perhaps something else? There is currently a corral, horse/livestock stalls, pens, a tack room, and adorable little barn. All 4 horse stables will remain, ample room for arena or other facilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,200 | - |
| Lot Size | 17,460 | - |
| Price | $434.9K | $495.4K |
| Price per sq ft | $362 | $290 |
| Built year | 1948 | 0 |
| HOA | $0 | $0 |
| Days on market | 79 | 1260 |
Jul 1, 2026
$434,900
$442,900
-2% Price Drop
Initial Listing
Jun 13, 2026
$442,900
$479,000
-8% Price Drop
Initial Listing
May 5, 2026
$479,000
Initial Listing