4016 S 44TH Place, Phoenix, AZ 85040, Phoenix, 85040 - 2 bed, 2 bath
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Phoenix, AZ 85040
This Move-in Ready Townhouse is a Prime Investment Opportunity listed at $208,000—positioned well below the $216,477 Fair Market Value by 3%. This valuation gap offers $8,477 in Instant Equity. Boasting a Condition Rating of 3, the interior features a renovated kitchen with shaker cabinets and butcher block countertops. Located on the Tempe border near ASU, it promises high rental demand despite the lower-rated schools in the district. This is a perfect match for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4016 S 44TH Place Subject | $199,999* List Price | 2 | 2 | 927 | $231 | - |
A 4608 E RIVERSIDE Street Sold | $180,000 | 3 | 1 | 1,008 | $179 | 0.2 mi |
B 4510 E WOOD Street Sold | $170,000 | 3 | 1 | 1,008 | $169 | 0.2 mi |
C 4425 E RIVERSIDE Street Active | $250,000 List Price | 2 | 2 | 1,016 | $246 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1979, the interior has undergone a significant recent renovation (likely <5 years). The kitchen features modern shaker cabinets, butcher block countertops, and stainless steel appliances. Bathrooms have been updated with new vanities and fixtures, and the unit features fresh paint and new carpeting. It is in move-in ready condition, though the presence of popcorn ceilings and older window frames reflects its original age.
The property is ideally situated on the Tempe border and minutes from Arizona State University, offering high rental demand and excellent proximity to major freeways and employment hubs.
Priced competitively at $208,000, this townhome serves as an accessible entry point for first-time homebuyers or investors looking for a low-capital acquisition in the Phoenix market.
Marketed as move-in ready with a bright and open layout, the residence allows for immediate occupancy without the need for significant upfront renovation costs.
The assigned elementary, middle, and high schools all carry a rating of 3, which may deter families prioritizing high-performing educational environments.
The $320 monthly association fee is relatively high given the property's price point, which could impact the debt-to-income ratio for buyers and reduce net cash flow for investors.
Move-in ready townhome in a prime Central Phoenix location bordering Tempe and just minutes from ASU. This spacious, bright, and open residence features 2 bedrooms and 1.5 baths, offering a functional layout ideal for comfortable living. Enjoy an inviting living area filled with natural light, a well-appointed kitchen, and generously sized bedrooms. Perfectly positioned near shopping, dining, entertainment, and major freeways
No exterior & parking available.
Grades PK-5 • 1.5 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 927 | - |
| Lot Size | 888 | - |
| Price | $200.0K | $341.8K |
| Price per sq ft | $216 | $259 |
| Built year | 1979 | 0 |
| HOA | $320 | $0 |
| Days on market | 84 | 1211 |
Jun 12, 2026
$199,999
$208,000
-4% Price Drop
Initial Listing
Apr 30, 2026
$208,000
Initial Listing