3113 W Madison Street, Phoenix, AZ 85009, Phoenix, 85009 - 4 bed, 2 bath
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Phoenix, AZ 85009
This Entry-Level Residential Asset is listed at $270,000, representing a stable entry point aligned with its $257,647 Fair Market Value. Currently holding a Condition Score of 4, the home features an aged interior and a high-density 4-bedroom floor plan that offers significant value-add potential through modernization. The expansive 7,680 sqft lot includes a rear casita, providing a rare opportunity for forced appreciation in a central location near William R Sullivan Elementary. This property is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking urban proximity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3113 W Madison Street Subject | $370,000* List Price | 4 | 2 | 1,019 | $289 | - |
A 3215 W TAYLOR Street Sold | $264,000 | 2 | 1 | 690 | $383 | 0.6 mi |
B 3402 W TONTO Street Sold | $320,000 | 3 | 2 | 1,210 | $264 | 0.6 mi |
C 21 S 28TH Avenue Active Under Contract | $297,500 List Price | 4 | 2 | 1,065 | $279 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952, the property shows signs of basic maintenance such as a relatively recent exterior paint job and a roof in seemingly functional condition. However, the lack of interior images, the presence of an unpermitted casita, and the extremely high-density floor plan (4 bedrooms in just over 1,000 sqft) suggest an aged interior that likely requires modernization and minor updates. The property appears habitable but reflects its 70-year age with typical signs of being outdated rather than fully renovated.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7680, living area = 1019.
Priced at $270,000 for a 4-bedroom residence, this property offers a highly affordable entry point into the Phoenix market, making it an attractive option for budget-conscious buyers or investors.
The home is conveniently situated just minutes from downtown Phoenix and major freeways, providing excellent accessibility for commuters and easy access to urban amenities.
The rear casita lacks proper permits and is excluded from the official square footage, which may complicate financing, insurance, and future code compliance.
With 4 bedrooms configured within only 1,019 square feet, the interior living spaces and individual room dimensions are likely to feel significantly cramped for a larger household.
Affordable 4-bedroom, 2-bath home, conveniently located only minutes from downtown Phoenix and freeways. Casita on the back does not have permits and is not included in the square footage.
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 |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,019 | - |
| Lot Size | 7,680 | - |
| Price | $370.0K | $495.4K |
| Price per sq ft | $363 | $290 |
| Built year | 1952 | 0 |
| HOA | $0 | $0 |
| Days on market | 118 | 1260 |
May 1, 2026
$370,000
$270,000
+37% Price Increase
Initial Listing
Mar 26, 2026
$270,000
Initial Listing