438 N 17TH Avenue, Phoenix, AZ 85007, Phoenix, 85007 - 4 bed, 2 bath
Loading property details...
Phoenix, AZ 85007
This Historic Craftsman Duplex represents a High-Potential Investment Opportunity with a List Price of $495,000—positioned below the $504,088 Fair Market Value by 1%. This valuation gap provides $9,088 in Instant Equity alongside immediate cash flow from two occupied units generating $2,450 monthly. Maintaining a Condition Rating of 4, the asset features Multi-Family Zoning on an expansive 8,700 sqft lot, offering rare potential to construct two additional units. Located steps from the ASU Downtown Campus and Capitol Elementary, this is a strategic acquisition for Buy-and-Hold Investors or House-Hackers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 438 N 17TH Avenue Subject | $495,000* List Price | 4 | 2 | 1,481 | $340 | - |
A 418 N 17TH Avenue Sold | $429,900 List Price | 3 | 2 | 1,262 | 0.1 mi | |
B 1345 W CULVER Street Sold | $350,001 | 2 | 1 | 1,208 | $290 | 0.6 mi |
C 1842 N 17TH Avenue Sold | $490,000 | 4 | 3 | 1,285 | $381 | 1.0 mi |
D 1141 W CULVER Street Sold | $405,000 List Price | 3 | 1 | 1,449 | 0.7 mi | |
E 1325 W Willetta Street Sold | $392,000 | 3 | 2 | 1,278 | $307 | 0.7 mi |
F 1538 W CULVER Street Active | $574,900 List Price | 4 | 3 | 1,924 | $299 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1930, this historic Craftsman bungalow duplex is well-maintained and currently functional as a rental property, but it shows signs of age consistent with a property that has not undergone a full modern renovation. While the exterior appears clean and the structure is preserved, the reliance on 'original woodwork' and the property's age suggest that interior systems, kitchens, and bathrooms are likely outdated and will require minor updates or repairs to meet current market standards for 'Good' or 'Excellent' condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8700, living area = 1481.
The multi-family zoned lot offers a rare opportunity to build up to two additional units, providing significant upside for rental portfolio expansion or increased density.
Situated in the Oakland Historic District, the property boasts unparalleled access to the State Capitol, ASU Downtown campus, and the Light Rail, making it highly attractive to commuters and students.
Built in 1930, the property may require specialized upkeep and potential upgrades to aging infrastructure to maintain its historic integrity and modern functionality.
The assigned public schools have below-average ratings, which may limit the property's appeal to families and impact long-term appreciation compared to higher-rated districts.
AMAZING OPPORTUNITY! Timeless charm & modern opportunity beautifully preserved 1932 Craftsman bungalow duplex located in the highly sought-after Oakland Historic District. Each unit offers 2BD and 1BA, Both units are now rented for $1,225 each; the property showcases classic architectural details like original woodwork and inviting front porches that capture the character of early Phoenix living. Multi-family zoned lot, this property presents a rare development opportunity with room to build up to two additional units--perfect for expanding your rental portfolio or creating a multi-generational living space. Situated just steps from the State Capitol & walking distance to the heart of downtown. Unparalleled access to Light Rail, ASU downtown campus.
No exterior & parking available.
Grades PK-8 • 0.2 mi
Grades 9-12 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 80% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,481 | 1,511 | 46% |
| Lot Size | 8,700 | 7,385.5 | 68% |
| Price | $495.0K | $485.2K | 54% |
| Price per sq ft | $334 | $349 | 48% |
| Built year | 1930 | 1936 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 1425 | 1% |
Mar 21, 2026
$495,000
Initial Listing