3511 N 12th Street, Phoenix, AZ 85014, Phoenix, 85014 - 2 bed, 1 bath
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Phoenix, AZ 85014
This mid-century Single Family Residence represents a High-Potential Investment Opportunity, listed at $469,000—positioned well above the $351,973 Fair Market Value. While the property requires a full rehab due to its Condition Rating of 5, it offers a unique House-Hacking model. The Midtown Phoenix location and Private Patio provide significant long-term rental appeal when paired with the adjacent four-plex. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a prime, high-demand urban corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3511 N 12th Street Subject | $469,000* List Price | 2 | 1 | 1,360 | $259 | - |
A 3021 N RANDOLPH Road Sold | $479,000 | 3 | 1 | 1,620 | $296 | 0.5 mi |
B 1330 E MULBERRY Street Sold | $520,000 | 3 | 2 | 1,489 | $349 | 0.2 mi |
C 3620 N 12TH Street Sold | $365,000 | 3 | 2 | 1,336 | $273 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952 (74 years old) with mostly original 'vintage' features like a sunken shower and pocket doors. There is no evidence of modern kitchen or bath renovations, and the interior appears dated. Based on the age and lack of significant updates to major systems, the property requires a full rehab.
The home features authentic 1950s architectural elements including vaulted beamed ceilings, stacked stone accents, and a unique double-sided corner fireplace, offering significant character and aesthetic appeal.
Situated in a highly desirable area north of the Phoenix Country Club, the property provides excellent proximity to the Biltmore area, downtown Phoenix, and the light rail system.
The property presents a rare 'house-hacking' opportunity, allowing an owner to reside in a vintage single-family home while managing and earning rental income from the adjacent four-plex units.
The property must be purchased together with a separate four-plex listing, which significantly increases the total capital requirement and narrows the pool of potential buyers.
With only one bathroom serving two bedrooms, the floor plan may be less competitive for modern buyers or families compared to updated homes in the same price bracket.
Location! Vintage mid-century modern home with unique architectural features within lush apartment community in midtown Phoenix just north of the Phoenix Country Club! Classic features include stacked stone accents, vaulted beamed ceilings, pocket doors, sunken shower and double-sided, low-profile corner fireplace! The home shares a front courtyard with a four-plex (separate listing and must be purchased together) that features thoughtfully redesigned apartment units. Private patio and side yard, storage room, second fireplace in bedroom, new washer and dryer, and much more! This is an ideal set-up for someone who wants to reside in the mid-century home while renting the units out. This charming home is truly a 50's gem in a fantastic location near light rail, Biltmore and downtown!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 10% |
| Baths | 1.0 | 2.0 | 13% |
| Square foot | 1,360 | 1,706 | 24% |
| Lot Size | 6,098 | 7,842 | 8% |
| Price | $469.0K | $485.0K | 45% |
| Price per sq ft | $345 | $323 | 59% |
| Built year | 1952 | 1952 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 1705 | 1% |
May 1, 2026
$469,000
Initial Listing
Apr 23, 1997
$75,000
Public Record