2230 W CAMBRIDGE Avenue, Phoenix, AZ 85009, Phoenix, 85009 - 3 bed, 1 bath
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Phoenix, AZ 85009
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $389,000—positioned above the $378,729 Fair Market Value. Despite the premium, the property features a Mint Condition Rating with a new roof and HVAC, ensuring no immediate capital expenditure. The expansive 7,841 sqft lot with RV gate access provides significant expansion potential in a revitalizing Central Phoenix corridor. This asset balances modern interior updates with long-term growth prospects, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance, centrally located property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2230 W CAMBRIDGE Avenue Subject | $367,000* List Price | 3 | 1 | 1,191 | $299 | - |
A 2611 N 23RD Avenue Active | $425,000 List Price | 3 | 2 | 1,456 | $292 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation (<5 years) featuring a modern kitchen with shaker cabinets and stainless appliances, new LVP flooring, and updated fixtures. Crucially, the listing confirms a new roof and new HVAC system, meeting the criteria for mint condition with no immediate maintenance required despite the 1954 build date.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1191.
The property features a brand-new roof and a new AC system, offering significant immediate value and reducing long-term maintenance concerns for the buyer.
Situated minutes from Downtown Phoenix and major freeways, the home is positioned in a revitalizing area with high growth potential and easy access to urban amenities.
With three bedrooms but only one bathroom, the property may present functional challenges for families and could impact future resale value compared to multi-bath homes.
The local schools carry lower ratings (3 and 4), which may be a deterrent for families prioritizing high-performing educational districts.
Encanto Park Living and Phoenix College! Great House! New Roof! New AC! Updated Central Phoenix Gem on a Large Lot. Drive through the area and see all the beautiful new homes and development! This house has been beautifully renovated and is ideally located just minutes from Downtown Phoenix, Grand Avenue, Encanto Park, the State Capitol District, and major freeways. Enjoy easy access to dining, entertainment, employment hubs, sporting events, and the expanding urban core. Situated on a spacious lot with a large RV gate and so much expansion potential and no HOA restrictions, this home combines modern updates with classic Phoenix charm. A rare opportunity to own in a centrally located area benefiting from continued revitalization and long-term growth.
No exterior & parking available.
Grades PK-8 • 0.2 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,191 | - |
| Lot Size | 7,841 | - |
| Price | $367.0K | $495.4K |
| Price per sq ft | $308 | $290 |
| Built year | 1954 | 0 |
| HOA | $0 | $0 |
| Days on market | 28 | 1260 |
Jul 18, 2026
$367,000
$369,000
-1% Price Drop
Initial Listing
Jul 15, 2026
$369,000
$370,000
+0% Price Increase
Initial Listing
Jul 12, 2026
$370,000
$371,000
+0% Price Increase
Initial Listing
Jul 11, 2026
$371,000
$372,000
+0% Price Increase
Initial Listing
Jul 10, 2026
$372,000
$378,000
-2% Price Drop
Initial Listing
Jul 9, 2026
$378,000
$379,000
+0% Price Increase
Initial Listing
Jul 4, 2026
$379,000
$389,000
-3% Price Drop
Initial Listing
Jun 24, 2026
$389,000
Initial Listing