3511 N 12th Street, Phoenix, AZ 85014, Phoenix, 85014 - 2 bed, 1 bath
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Phoenix, AZ 85014
This mid-century property represents a High-Potential Investment Opportunity, listed at $469,000—positioned above the $364,489 Fair Market Value. While the price reflects the unique, mandatory package purchase of the adjacent four-plex, the home offers significant Mid-Century Architectural Appeal and Income Generation Potential. With a Condition Rating of 5, the property requires a comprehensive renovation to modernize its primary systems. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a prime midtown Phoenix location.
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 | $268 | - |
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 |
D 1524 E EARLL Drive Active | $515,000 List Price | 2 | 2 | 1,438 | $358 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952, this property is over 70 years old and is marketed as a 'vintage' home with original mid-century features like a sunken shower and pocket doors. The interior photos show dated finishes and the exterior displays significant clutter and deferred maintenance, indicating the home likely requires a full rehab of its primary systems, kitchen, and bath to meet modern standards.
This 1952 gem features authentic mid-century modern elements including vaulted beamed ceilings, stacked stone accents, and a unique double-sided corner fireplace, offering rare vintage character.
Situated in a highly desirable Phoenix corridor near the Phoenix Country Club, Biltmore, and downtown, providing excellent access to the light rail and urban amenities.
The property offers a unique owner-user setup, allowing a buyer to reside in the main home while managing the adjacent four-plex for consistent rental income.
The sale is contingent upon the simultaneous purchase of the adjacent four-plex, which requires a significantly higher total capital investment and limits the buyer pool.
With only one bathroom for a 1,360-square-foot home, the layout may be less convenient for modern buyers or guests compared to contemporary standards.
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 |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,360 | - |
| Lot Size | 6,098 | - |
| Price | $469.0K | $495.4K |
| Price per sq ft | $345 | $290 |
| Built year | 1952 | 0 |
| HOA | $0 | $0 |
| Days on market | 82 | 1260 |
May 1, 2026
$469,000
Initial Listing
Apr 23, 1997
$75,000
Public Record