
Phoenix, AZ 85016
This dual-dwelling property represents a Value-Add Asset with a List Price of $400,000—positioned well below the $403,279 Fair Market Value by 1%. This valuation gap provides $3,279 in Instant Equity for buyers prepared for a comprehensive renovation. Currently holding a Condition Rating of 5, the property features a main house and a detached casita with separately metered utilities on a Strategic Corner Lot. Located within the high-demand Madison School District, this project offers significant rental upside and potential for lot assembly. It is an ideal acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4200 N 19TH Street Subject | $400,000* List Price | 2 | 1 | 980 | $412 | - |
A 4304 N 18TH Place Sold | $347,500 List Price | 2 | 1 | 908 | 0.2 mi | |
B 4201 N 18TH Street Sold | $349,000 | 2 | 1 | 951 | $367 | 0.1 mi |
C 2009 E CLARENDON Avenue Sold | $380,000 | 2 | 1 | 950 | $400 | 0.4 mi |
D 2201 E CAMPBELL Avenue Sold | $295,000 | 3 | 1 | 952 | $310 | 0.5 mi |
E 3108 N 21ST Place Sold | $445,000 | 3 | 2 | 1,127 | $395 | 0.9 mi |
F 3717 N 20TH Street Sold | $300,000 List Price | 2 | 1 | 780 | 0.4 mi | |
G 1840 E CLARENDON Avenue Pending | $369,900 List Price | 3 | 2 | 1,134 | $326 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is in a state of severe neglect and requires substantial rehabilitation to be habitable. Interior photos show heavily stained and outdated green shag carpeting, aged wood paneling, and significant wear on the walls and ceilings. One utility area appears to have exposed framing, peeling paint, and accumulated debris, indicating that major systems and structural finishes are well beyond their useful life. Built in 1947 and relocated in 1956, the dwellings show no evidence of recent modernization and likely require complete replacement of electrical, plumbing, and HVAC systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7471, living area = 980.
The property features two separate dwellings with individual addresses and separately metered utilities, providing an excellent opportunity for rental income or multi-generational living.
Situated on a 60' x 127.7' corner lot in the desirable 85016 zip code, the property offers multiple access points and the rare potential to assemble with the available adjacent lot for larger development.
Built in 1947 and relocated in 1956, the structures likely require significant capital investment for modernization and repairs to meet current building standards.
With only 980 square feet and a single bathroom in the main residence, the compact living area may limit appeal for families seeking more spacious modern accommodations.
Amazing location on a corner lot with multiple exit options! There are two dwellings on this 60' x 127.7' lot (dimensions per assessor). The main house was originally a farm house located at 32nd St & Thomas before being relocated to this parcel in 1956. The included casita behind has its own address (1890 E Devonshire Ave) & each dwelling has separately metered utilities. The property right next door (4204 N 19th St) is also available & has approximately the same lot size!
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades 5-8 • 0.6 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 1.0 | 2.0 | 6% |
| Square foot | 980 | 1,875 | 5% |
| Lot Size | 7,471 | 8,294 | 31% |
| Price | $400.0K | $595.0K | 35% |
| Price per sq ft | $408 | $354 | 63% |
| Built year | 1947 | 1955 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 1490 | 0% |
Mar 18, 2026
$400,000
Initial Listing