3737 E TURNEY Avenue 226, Phoenix, AZ 85018, Phoenix, 85018 - 2 bed, 1 bath
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Phoenix, AZ 85018
This Arcadia Lite Condominium represents a Strong Value Opportunity with a List Price of $245,000—positioned well below the $249,400 Fair Market Value by 1%. This valuation gap provides $4,400 in Instant Equity for incoming buyers. Boasting a Condition Rating of 4, the vintage 1962 interior offers a prime canvas for modernization to drive forced appreciation in a high-demand corridor. With an all-inclusive HOA covering all utilities and proximity to Biltmore Preparatory Academy, this asset is a strategic acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3737 E TURNEY Avenue 226 Subject | $229,000* List Price | 2 | 1 | 957 | $232 | - |
A 3737 E Turney Avenue 223 Sold | $285,000 | 2 | 1 | 957 | $298 | 0.0 mi |
B 3737 E Turney Avenue 223 Sold | $285,000 | 2 | 1 | 957 | $298 | 0.0 mi |
C 4401 N 40TH Street 7 Sold | $249,000 List Price | 2 | 2 | 1,024 | 0.3 mi | |
D 4131 E CAMELBACK Road 38 Sold | $250,000 | 2 | 2 | 1,092 | $229 | 0.8 mi |
E 3242 E CAMELBACK Road 102 Active | $260,000 List Price | 1 | 1 | 857 | $303 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this property is functional but significantly outdated, featuring vintage bathroom vanities and older light fixtures. While the exterior and common areas appear maintained, the interior requires cosmetic modernization and updates to meet current market standards, aligning with its description as an investment opportunity.
Situated in the highly desirable Arcadia Lite neighborhood, this property offers exceptional proximity to Phoenix's top-tier dining, shopping, and entertainment hotspots.
The monthly association fee covers all utilities, offering significant cost savings and simplified financial management for both investors and residents.
With a competitive price point for the 85018 zip code and a functional two-bedroom layout, this unit represents a strong entry-level opportunity for a rental portfolio.
Built in 1962, the property may require modern cosmetic updates or face maintenance needs common in mid-century condominium developments.
The single-bathroom configuration for a two-bedroom unit may be a drawback for roommates or small families, potentially limiting the tenant pool.
THIS IS THE INVESTMENT OPPORTUNITY YOU HAVE BEEN SEARCHING FOR! Two bedroom one bath condo settled in the highly sought after Arcadia Lite! HOA covers all utilities. Perfect investment property! -------------------------------------------------Close to all of the Arcadia hot spots including restaurants and entertainment, shopping, grocery and more!
No exterior & parking available.
Grades K-8 • 0.6 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 30% |
| Square foot | 957 | 1,038 | 35% |
| Lot Size | 958 | 815 | 59% |
| Price | $229.0K | $285.0K | 37% |
| Price per sq ft | $239 | $298 | 41% |
| Built year | 1962 | 1970 | 9% |
| HOA | $464 | $365 | 76% |
| Days on market | 56 | 1442 | 2% |
Apr 25, 2026
$229,000
$245,000
-7% Price Drop
Initial Listing
Mar 1, 2026
$245,000
Initial Listing