3840 N 43RD Avenue 24, Phoenix, AZ 85031, Phoenix, 85031 - 2 bed, 2 bath
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Phoenix, AZ 85031
This townhouse presents a High-Potential Investment Opportunity with a List Price of $119,000—positioned well above the $97,619 Fair Market Value by -21%. While the property requires modernization, its Condition Rating of 4 and functional 2-bedroom layout offer a clear path for value-add renovations. Featuring a private patio and proximity to Glenn L. Downs Elementary, this asset provides a stable entry point into the Phoenix market. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a manageable project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3840 N 43RD Avenue 24 Subject | $117,000* List Price | 2 | 2 | 980 | $107 | - |
A 4625 W THOMAS Road 11 Sold | $140,000 | 3 | 2 | 1,159 | $121 | 0.9 mi |
B 4625 W THOMAS Road 48 Sold | $130,000 | 2 | 1 | 891 | $146 | 1.0 mi |
C 3840 N 43RD Avenue 16 Active | $129,999 List Price | 2 | 2 | 980 | $133 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1975 and shows signs of partial cosmetic updates, such as newer laminate flooring and paint. However, the kitchen and bathrooms remain dated with older white appliances, painted cabinetry, and basic tile work. While functional and move-in ready, the age of the structure and the style of the finishes suggest that systems and interiors will require further modernization and minor repairs.
Priced at $119,000, this property offers a rare entry-level price point in the Phoenix market, making it highly attractive for first-time homebuyers or investors seeking a low-cost acquisition.
The 2-bedroom, 2-bathroom configuration provides a versatile living arrangement that maximizes privacy for roommates or small families within its 980 square foot footprint.
The property is conveniently located just over half a mile from Glenn L. Downs Elementary School, offering easy accessibility for families with young children.
The $370 monthly association fee is significant relative to the purchase price, which may impact a buyer's monthly debt-to-income ratio and overall cash flow.
Constructed in 1975, the property may require capital improvements or modernization of major systems to align with contemporary energy efficiency and design standards.
Exceptional opportunity in Phoenix. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 980 | - |
| Lot Size | 485 | - |
| Price | $117.0K | $341.8K |
| Price per sq ft | $119 | $259 |
| Built year | 1975 | 0 |
| HOA | $370 | $0 |
| Days on market | 68 | 1211 |
Jun 11, 2026
$117,000
$118,000
-1% Price Drop
Initial Listing
May 31, 2026
$118,000
$119,000
-1% Price Drop
Initial Listing
May 16, 2026
$119,000
Initial Listing