
Phoenix, AZ 85016
This Affordable Phoenix Townhouse is a Prime Investment Opportunity, listed at $199,800—positioned well below the $204,721 Fair Market Value by 2%. This valuation gap offers $4,921 in Instant Equity. Maintaining a Fair Condition Rating, the residence features a remodeled bathroom, personal laundry, and a rare private backyard. Located near the 51 freeway and Madison Park School, the property offers high rental demand and central accessibility. It is a strategic choice for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4215 N 17TH Street 3 Subject | $199,800* List Price | 2 | 1 | 816 | $251 | - |
A 4644 N 22ND Street 1137 Sold | $215,000 | 1 | 1 | 850 | $253 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1975, is well-maintained and move-in ready but shows clear signs of its age. While the bathroom has been updated and the unit features newer laminate flooring in the living area, the presence of popcorn ceilings, older tile transitions, and a kitchen that appears functional but dated aligns with the 'fair' criteria. It represents an aged home maintained through regular upkeep and partial updates rather than a full modern renovation.
The property is ideally situated near the 51 freeway, Downtown Phoenix, and the airport, providing exceptional accessibility to major employment hubs, shopping, and trendy dining.
A standout feature for this price point is the private backyard, offering a rare personal outdoor retreat that distinguishes it from typical condominium units in the area.
The unit boasts a remodeled bathroom, personal in-unit laundry facilities, and two dedicated covered parking spaces, adding significant functional value and comfort.
With only 816 square feet of living space, the interior layout may feel restrictive for buyers seeking more spacious accommodations or additional storage.
The 2-bedroom, 1-bath configuration can be a logistical challenge for multi-occupant households or those who frequently host guests.
Great location on Affordable 2 Bedroom 1 bath condo/townhouse with private back yard. This unit is equipped with its own personal laundry as well as community laundry. Fully equipped kitchen with all good working appliances. Bathroom has updated and remodeled. Additional features include 2 car covered parking and community pool. Location, location, Location, close to 51 freeway, Airport, Downtown phoenix, shopping, and trendy restaurants.
No exterior & parking available.
Grades PK-4 • 0.6 mi
Grades 5-8 • 0.4 mi
Grades 9-12 • 1.5 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 | 11% |
| Square foot | 816 | 1,455 | 8% |
| Lot Size | 74 | 1,585 | 2% |
| Price | $199.8K | $430.0K | 21% |
| Price per sq ft | $245 | $298 | 29% |
| Built year | 1975 | 1979 | 46% |
| HOA | $239 | $275 | 35% |
| Days on market | 66 | 1655 | 1% |
Feb 19, 2026
$199,800
Initial Listing