2639 N 28TH Place, Phoenix, AZ 85008, Phoenix, 85008 - 3 bed, 2 bath
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Phoenix, AZ 85008
This Renovated Multi-Unit Development Opportunity is listed at $675,000, reflecting the premium value of its 14,000 SF lot and R16 zoning. While the Fair Market Value is $559,578, the price is justified by an Excellent Condition Rating and major capital improvements, including a new roof, AC, and under-slab plumbing. The oversized lot provides rare expansion potential for extra dwellings or multi-unit projects near Arcadia and Biltmore. This versatile asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey home with significant long-term development upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2639 N 28TH Place Subject | $675,000* List Price | 3 | 2 | 1,465 | $382 | - |
A 2532 N 26TH Street Sold | $575,000 | 3 | 2 | 1,636 | $351 | 0.4 mi |
B 2532 N 26TH Street Sold | $575,000 | 3 | 2 | 1,636 | $351 | 0.4 mi |
C 2621 N 30TH Place Active Under Contract | $590,000 List Price | 3 | 2 | 1,422 | $415 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1935 build date, the property has undergone a comprehensive recent renovation within the last 5 years. Major systems including the roof, HVAC, electrical panels, and under-slab plumbing are all reported as new. Interior finishes such as wood-plank tile flooring and fully updated bathrooms with modern fixtures further justify the top rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13930, living area = 1465.
The oversized 14,000 SF lot paired with R16 zoning offers a rare opportunity for multi-unit development or the addition of extra dwellings in a central location.
The home features significant capital improvements including a new roof, AC, electrical panels, and new plumbing under the slab, minimizing immediate maintenance concerns.
The assigned public schools have lower performance ratings (3/10 and 4/10), which may impact the property's appeal to families with school-aged children.
Originally built in 1935, the property may still present challenges or structural quirks inherent to older homes despite the recent modern renovations.
Double the lot size, nearly 14,000 SF lot!! This R16 zoned property is just a few minutes from the airport, Arcadia and Biltmore areas!! It gives an excellent advantage to someone that wants to build extra dwellings, multi unit or single. Income potential as well has having loved ones be close. This renovated 3 bed home has nearly all the deferred maintenance done! Plumbing under the slab is new, Electric panels are new, ROOF & AC are new!! This lot size is tough to find so close to everything, MASSIVE lot that you can expand! New windows for energy savings as well. Inside the home you'll enjoy wood plank tile, and gorgeous bathrooms that have been fully updated including a fully jetted walk in tub!! Take advantage of the zoning and NO hoa. Park your work vehicles! So many possibi
No exterior & parking available.
Grades K-8 • 0.7 mi
Grades K-8 • 0.8 mi
Grades K-8 • 1.1 mi
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 | 1,465 | 1,518 | 45% |
| Lot Size | 13,930 | 7,780 | 86% |
| Price | $675.0K | $382.5K | 90% |
| Price per sq ft | $461 | $253 | 90% |
| Built year | 1935 | 1953 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 1393 | 1% |
Apr 30, 2026
$675,000
Initial Listing