
Phoenix, AZ 85014
This R-3 Zoned Residential Asset is listed at $288,900, representing a strategic entry point relative to its $272,580 Fair Market Value. Holding a Condition Rating of 4, the property features recent cosmetic updates and stunning Camelback Mountain views directly across from Madison Park. Near Madison Park School and North High School, the 5,770 sqft lot presents a High-Potential Investment Opportunity for an ADU or multi-unit conversion. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers looking to maximize ROI through urban densification.
Property is moderate renovation needed.
The property is a 1966 build that has received recent cosmetic updates including new interior/exterior paint and new flooring. While move-in ready, the bathroom features dated components such as a plastic tub surround and an older vanity with visible wear. The home is well-maintained but retains its original mid-century layout and basic fixtures, fitting the criteria for a functional but outdated property.
Situated directly across from Madison Park, the property offers highly desirable direct views of Camelback Mountain, significantly boosting its aesthetic appeal and marketability.
The R-3 zoning on a 5,770 sqft lot provides exceptional value-add opportunities, allowing for the potential construction of an ADU or multi-unit development.
The home features several recent upgrades including new interior and exterior paint, new carpet and vinyl flooring, and a new water heater, reducing immediate maintenance costs for a buyer.
At only 633 square feet, the living space is exceptionally small for a two-bedroom home, which may restrict the buyer pool to individuals or investors rather than families.
The 2-bedroom, 1-bathroom configuration is less competitive in the modern market, potentially requiring a layout reconfiguration or addition to maximize future resale value.
Great opportunity across from Madison Park with direct Camelback Mountain views. Home features new exterior and interior paint, new carpet and vinyl flooring, and a new water heater. Spacious backyard with block fence. R-3 zoning offers excellent value-add potential and the possibility for an ADU.
No exterior & parking available.
Grades PK-4 • 0.9 mi
Grades 5-8 • 0.2 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 10% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 633 | 1,695.5 | 1% |
| Lot Size | 5,770 | 7,756 | 5% |
| Price | $288.9K | $485.0K | 33% |
| Price per sq ft | $456 | $324 | 89% |
| Built year | 1966 | 1952 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 1642 | 1% |
Mar 6, 2026
$288,900
Initial Listing