2642 N 31ST Street, Phoenix, AZ 85008, Phoenix, 85008 - 6 bed, 4 bath
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Phoenix, AZ 85008
Analysis of 2642 N 31ST Street, Phoenix, AZ 85008 is currently available with a list price of $598,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Originally built in 1945, this property is marketed primarily as an investment or development opportunity for builders, which typically indicates a structure nearing the end of its functional life. The images reveal an aging exterior with worn fascia, older window units, and a dirt lot with minimal landscaping. While the property is currently rented, the listing's emphasis on the 'rare double/triple size lot' and 'potential development ideas' suggests that the value lies in the land rather than the quality of the existing improvements, which likely require substantial rehabilitation or modernization of major systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17533, living area = 3147.
The property features three distinct living areas with three kitchens and six bedrooms, providing exceptional rental income potential or multi-generational living flexibility.
Sitting on a rare 17,533 sqft double/triple-sized lot, this property offers significant development potential for builders or investors looking to expand or subdivide.
Originally built in 1945, the home may require significant capital expenditure for modernizing systems and maintaining the aging structure.
The assigned public schools have lower ratings (4/10 and 3/10), which may limit the property's appeal to families prioritizing high-performing educational districts.
GREAT investment opportunity!! RARE DOUBLE/TRIPLE SIZE LOT!! ATTENTION INVESTORS AND BUILDERS. See photos with potential development ideas. A Unique Find. Currently rented for $3,500/mo and tenant has been there for 5 years and wants to stay! 3,150+ sf with multiple separate living areas, with a total of: 3 kitchens, 6 bedrooms, 4 baths, & 3 family rooms! The prior owner used them as separate rentals as they are literally two/three separate homes. There is a door which connects the two main homes. The door can be locked and then they are two completely separate living areas, each with their own kitchen, bedrooms, baths, family rooms! Or leave the door open and it's one large home. Plus, the attached Casita/Guest house is 750sf and consists of: 1 bedroom, 1 bath, 1 kitchen, living room. Location is perfect, easy access to the 202 & 51 and minutes from Downtown Phoenix! No HOA. Hot Area with many new homes being built! Do NOT disturb tenants, drive-by Only!
No exterior & parking available.
Grades K-8 • 0.8 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 98% |
| Baths | 4.0 | 2.0 | 94% |
| Square foot | 3,147 | 1,518.5 | 98% |
| Lot Size | 17,533 | 7,780 | 92% |
| Price | $598.0K | $380.0K | 86% |
| Price per sq ft | $190 | $251 | 38% |
| Built year | 1945 | 1954 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 53 | 1569 | 2% |
Apr 20, 2026
$598,000
$599,000
+0% Price Increase
Initial Listing
Mar 4, 2026
$599,000
Initial Listing