4403 E RIVERSIDE Street, Phoenix, AZ 85040, Phoenix, 85040 - 2 bed, 2 bath
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Phoenix, AZ 85040
This townhouse represents a Strong Value Opportunity, listed at $199,500—positioned above the $183,466 Fair Market Value due to current market demand. While the property carries a Fair Condition Rating with noted cosmetic wear, its strategic location near ASU and major transit hubs ensures consistent rental demand. Featuring a private patio and functional layout, this asset is well-suited for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point into the rapidly growing Phoenix market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4403 E RIVERSIDE Street Subject | $190,000* List Price | 2 | 2 | 1,090 | $164 | - |
A 4608 E RIVERSIDE Street Sold | $180,000 | 3 | 1 | 1,008 | $179 | 0.3 mi |
B 4510 E WOOD Street Sold | $170,000 | 3 | 1 | 1,008 | $169 | 0.2 mi |
C 4523 E WOOD Street Sold | $145,000 | 3 | 1 | 1,008 | $144 | 0.2 mi |
D 4608 E RIVERSIDE Street Sold | $180,000 | 3 | 1 | 1,008 | $179 | 0.3 mi |
E 4523 E Wood Street Sold | $145,000 | 3 | 1 | 1,008 | $144 | 0.2 mi |
F 4523 E WOOD Street Sold | $145,000 | 3 | 1 | 1,008 | $144 | 0.2 mi |
G 4411 E PUEBLO Avenue Pending | $144,000 List Price | 2 | 2 | 1,090 | $132 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, the property has received recent cosmetic updates including LVP flooring, quartz countertops, and new appliances. However, it is rated 'fair' because the renovation appears budget-focused with visible wear/chipping on the painted cabinetry and the exterior stucco shows significant patching and maintenance needs.
The property is ideally situated near ASU, Sky Harbor Airport, and major freeways like the I-10, offering excellent accessibility for commuters, students, and frequent travelers.
Priced under $200,000, this townhouse represents a rare entry-level opportunity in the Phoenix market, making it highly attractive for first-time buyers and budget-conscious investors.
Given its proximity to major employment hubs and educational institutions, the property is well-positioned for high rental demand and consistent occupancy.
The association fee of $340 per month is relatively high for this price point, which may impact the debt-to-income ratio for buyers and overall net cash flow for investors.
The assigned elementary, middle, and high schools all carry a rating of 3, which may be a deterrent for families prioritizing high-performing educational environments.
Affordable townhouse opportunity in the heart of South Phoenix! This 2/1.5 offers a functional two-story layout perfect for first-time buyers, students, or investors. Enjoy a private patio, community pool, extra storage, and low-maintenance living in Hallcraft Villas East. Conveniently located near Arizona State University, Sky Harbor Airport, Downtown Phoenix, Tempe Marketplace, and major freeways including I-10 and Loop 143. Great rental potential with easy access to shopping, dining, entertainment, and public transportation in a rapidly growing Phoenix location.
No exterior & parking available.
Grades PK-5 • 1.6 mi
Grades 6-8 • 1.9 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 | 1,090 | - |
| Lot Size | 962 | - |
| Price | $190.0K | $341.8K |
| Price per sq ft | $174 | $259 |
| Built year | 1984 | 0 |
| HOA | $340 | $0 |
| Days on market | 65 | 1211 |
Jul 4, 2026
$190,000
$192,500
-1% Price Drop
Initial Listing
Jun 12, 2026
$192,500
$195,000
-1% Price Drop
Initial Listing
Jun 5, 2026
$195,000
$199,500
-2% Price Drop
Initial Listing
May 19, 2026
$199,500
Initial Listing