2340 N 12TH Street, Phoenix, AZ 85006, Phoenix, 85006 - 2 bed, 1 bath
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Phoenix, AZ 85006
This High-Potential Investment Opportunity is listed at $499,900, positioned slightly above the $474,503 Fair Market Value. While the list price reflects a premium, the property offers significant upside through its ADU Development Potential on a 6,678 sqft lot. Featuring a Condition Rating of 2 with a brand-new kitchen and modern finishes, the home is a turnkey asset currently generating rental income. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a historic Coronado district location with immediate cash-flow potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2340 N 12TH Street Subject | $499,900* List Price | 2 | 1 | 946 | $502 | - |
A 1329 E Hubbell Street Sold | $463,500 | 2 | 1 | 910 | $509 | 0.4 mi |
B 2207 N EDGEMERE Street Sold | $465,000 | 2 | 1 | 1,057 | $440 | 0.2 mi |
C 1116 E Almeria Road Sold | $445,000 | 2 | 1 | 928 | $480 | 0.5 mi |
D 1346 E PALM Lane Sold | $545,000 | 3 | 2 | 1,275 | $427 | 0.4 mi |
E 1346 E PALM Lane Sold | $545,000 | 3 | 2 | 1,275 | $427 | 0.4 mi |
F 2041 N 11TH Street Pending | $509,000 List Price | 2 | 1 | 1,005 | $506 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1948, the property features a brand-new full kitchen with modern cabinetry, waterfall stone countertops, and stainless steel appliances. The interior shows high-end renovations including updated flooring and recessed lighting, placing the renovation within the <5-year window for mint condition.
Situated in the highly desirable Coronado historic district, the property offers exceptional proximity to top-tier hospitals, vibrant dining, and urban shopping hubs.
The generous 6,678 sqft lot features a large patio and dedicated space to build an Accessory Dwelling Unit (ADU), providing significant potential for value appreciation or additional rental income.
With a brand-new full kitchen and a successful track record as an active Airbnb, the home is move-in ready and offers immediate cash-flow potential for investors.
At just 946 square feet with only one bathroom, the compact layout may be a constraint for growing families or buyers seeking more spacious living areas.
The majority of the assigned elementary and middle schools carry lower performance ratings, which could be a deterrent for families prioritizing educational quality.
This charming two-bedroom, one-bathroom home features a large patio with space to build an ADU and a brand-new full kitchen. Located in the historic Coronado district, you're just moments away from shopping, dining, and top-tier hospitals. Currently rented through Airbnb.
No exterior & parking available.
Grades PK-8 • 0.5 mi
Grades K-8 • 1.3 mi
Grades PK-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 946 | - |
| Lot Size | 6,678 | - |
| Price | $499.9K | $495.4K |
| Price per sq ft | $528 | $290 |
| Built year | 1948 | 0 |
| HOA | $0 | $0 |
| Days on market | 13 | 1260 |
Jul 9, 2026
$499,900
Initial Listing