2534 N RICHLAND Street, Phoenix, AZ 85006, Phoenix, 85006 - 3 bed, 3 bath
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Phoenix, AZ 85006
This Hybrid Investment Opportunity is listed at $735,000, positioned slightly above the $705,307 Fair Market Value. Despite the premium, the property offers exceptional utility through its three separate structures, including a main bungalow, a guest suite, and a detached studio. With a Mint Condition Rating following a high-end renovation, the home provides immediate, maintenance-free living. This versatile layout is perfect for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking to offset mortgage costs through multi-generational living or creative workspace flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2534 N RICHLAND Street Subject | $735,000* List Price | 3 | 3 | 1,789 | $394 | - |
A 2518 N 10TH Street Sold | $805,500 | 3 | 2 | 2,076 | $388 | 0.1 mi |
B 2518 N 10th Street Sold | $805,500 | 3 | 2 | 2,076 | $388 | 0.1 mi |
C 2517 N 8TH Street Sold | $700,000 | 3 | 2 | 2,007 | $349 | 0.0 mi |
D 2517 N 8th Street Sold | $700,000 | 3 | 2 | 2,007 | $349 | 0.0 mi |
E 2517 N 8TH Street Sold | $700,000 | 3 | 2 | 2,007 | $349 | 0.0 mi |
F 2521 N 13TH Street Sold | $544,000 | 3 | 2 | 1,560 | $349 | 0.5 mi |
G 867 E Windsor Avenue Sold | $650,000 | 4 | 3 | 1,700 | $382 | 0.2 mi |
H 2341 N DAYTON Street Active | $689,000 List Price | 4 | 3 | 1,794 | $384 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1927, the property has undergone a comprehensive, high-end renovation within the last 5 years. The kitchen and bathrooms feature modern shaker cabinetry, contemporary tile work, and updated fixtures. The inclusion of modern mini-split HVAC systems and updated electrical meters for the detached structures indicates that all major systems have been modernized, leaving the property in mint, maintenance-free condition.
The property features three separate structures, including a main house, a guest suite with a kitchenette and separate electric meter, and a detached AC studio, providing exceptional flexibility for rental income or multi-generational living.
Situated in the highly desirable Coronado historic neighborhood on a quiet, tree-lined street, this 1927 brick bungalow offers timeless character and strong long-term value retention in a sought-after Phoenix district.
A fully air-conditioned 361 sq. ft. detached studio offers a professional-grade environment for a home office, art studio, or fitness room, providing a distinct separation between work and home life.
Given the 1927 construction, the property may require more frequent and specialized maintenance or infrastructure updates compared to newer builds to ensure modern efficiency and safety.
The assigned public schools carry lower performance ratings (3 and 4 out of 10), which may be a drawback for families prioritizing high-ranking educational districts.
Discover one of Coronado's most unique opportunities--a property featuring three separate structures, offering incredible flexibility, character, and endless possibilities! Nestled on a quiet, tree-lined street in one of Phoenix's most sought-after historic neighborhoods, this charming brick bungalow is truly a rare find. The main residence offers 1,029 sq. ft. with 2 bedrooms, 1 bathroom, indoor laundry, and separate entrances to both bedrooms, blending timeless charm with everyday functionality. A detached 399 sq. ft. living space includes an open-concept layout, full kitchenette, full bathroom, and its own electric meter, making it ideal for guests, multi-generational living, or potential income-producing opportunities. Adding even more versatility, the property features a fully a Discover one of Coronado's most unique opportunities--a property featuring three separate structures, offering incredible flexibility, character, and endless possibilities! Nestled on a quiet, tree-lined street in one of Phoenix's most sought-after historic neighborhoods, this charming brick bungalow is truly a rare find. The main residence offers 1,029 sq. ft. with 2 bedrooms, 1 bathroom, indoor laundry, and separate entrances to both bedrooms, blending timeless charm with everyday functionality. A detached 399 sq. ft. living space includes an open-concept layout, full kitchenette, full bathroom, and its own electric meter, making it ideal for guests, multi-generational living, or potential income-producing opportunities. Adding even more versatility, the property features a fully air-conditioned 361 sq. ft. detached studio that can serve as a home office, fitness room, art studio, workshop, or creative retreat. A large covered carport completes this exceptional property. Whether you're looking for additional living space, work-from-home flexibility, or a home with unmatched character and potential, this Coronado gem offers a lifestyle opportunity that is hard to find.
No exterior & parking available.
Grades PK-8 • 0.5 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,789 | - |
| Lot Size | 6,643 | - |
| Price | $735.0K | $495.4K |
| Price per sq ft | $411 | $290 |
| Built year | 1927 | 0 |
| HOA | $0 | $0 |
| Days on market | 5 | 1260 |
Jul 17, 2026
$735,000
Initial Listing