3021 W MADISON Street, Phoenix, AZ 85009, Phoenix, 85009 - 5 bed, 3 bath
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Phoenix, AZ 85009
This Value-Add Multi-Unit Asset is listed at $240,000, positioned near its $235,368 Fair Market Value. Carrying a Condition Score of 5, the property functions as a strategic rehabilitation project centered on a Detached Casita with a private entrance and an expansive 9,866 Sq Ft Lot with 2 RV Gates. While the main house requires substantial modernization and HVAC installation, the dual-unit configuration offers high rental yield potential in a high-demand Phoenix corridor. This project is a prime acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3021 W MADISON Street Subject | $240,000* List Price | 5 | 3 | 1,455 | $162 | - |
A 2915 W PIERCE Street Sold | $168,000 | 3 | 1 | 1,026 | $164 | 0.6 mi |
B 3206 W PIERCE Street Active | $225,000 List Price | 4 | 2 | 1,500 | $150 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948, this property functions more as a fixer-upper requiring substantial rehabilitation. The kitchen is substandard, lacking permanent built-in cabinetry and a traditional range, relying instead on portable hot plates and open shelving. The interior features exposed painted block walls, basic tile flooring, and window AC units rather than a modern central HVAC system. While the detached casita adds value, the main living structures show significant signs of age and makeshift improvements that do not meet modern move-in ready standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9866, living area = 1455.
The property includes a fully detached casita with its own bathroom, private entrance, and fenced yard, providing excellent potential for rental income or multi-generational living.
Sitting on a large 9,866 sq ft lot, the property features two RV gates and significant yard space, offering rare accessibility and storage for oversized vehicles or equipment.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1455, other record living area = 972. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Built in 1948, the home may require significant updates to its major systems and interior finishes to meet modern efficiency and aesthetic standards.
The local assigned schools carry lower performance ratings (3 and 4 out of 10), which may be a drawback for families prioritizing educational rankings.
4 bedroom 2 bath main house with a detached casita that has its own bathroom and privately fenced in yard and separate entrance completely separate from the main house. This property sits on a large lot over 9,000 sq ft leaving a large yard for the main house and 2 RV gates!
No exterior & parking available.
Grades PK-8 • 0.2 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 96% |
| Baths | 3.0 | 2.0 | 89% |
| Square foot | 1,455 | 1,276 | 72% |
| Lot Size | 9,866 | 6,410 | 94% |
| Price | $240.0K | $242.0K | 50% |
| Price per sq ft | $165 | $192 | 38% |
| Built year | 1948 | 1953 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 1214 | 1% |
Apr 15, 2026
$240,000
Initial Listing