4425 E RIVERSIDE Street, Phoenix, AZ 85040, Phoenix, 85040 - 2 bed, 2 bath
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Phoenix, AZ 85040
This functional 2-bedroom townhouse is a Strong Value Opportunity, listed at $250,000—positioned well below the $274,757 Fair Market Value by 9%. This valuation gap provides $24,757 in Instant Equity for the incoming owner. Maintaining a Fair Condition Rating, the 1,016-square-foot layout includes two full bathrooms and a private patio, offering a practical floor plan near the Tempe border. While local school ratings are modest, the property’s strategic location and entry-level pricing make it a compelling acquisition for first-time buyers or Buy-and-Hold Investors seeking a stable rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4425 E RIVERSIDE Street Subject | $250,000* List Price | 2 | 2 | 1,016 | $270 | - |
A 4608 E RIVERSIDE Street Sold | $180,000 | 3 | 1 | 1,008 | $179 | 0.3 mi |
B 4608 E RIVERSIDE Street Sold | $180,000 | 3 | 1 | 1,008 | $179 | 0.3 mi |
C 4224 S 46TH Place Active | $180,000 List Price | 2 | 1 | 924 | $195 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1984, placing it at 40 years old, which aligns with the 'fair' condition criteria for homes built 25-40 years ago without major recent renovations. The single exterior image shows a functional but dated stucco structure with older window styles and no immediate signs of modern upgrades. Without interior images of the kitchen or bathrooms, the score is based on the property's age and the typical wear and architectural style of its era.
Priced at $250,000, this townhouse represents a highly competitive entry-level opportunity for first-time homebuyers or investors looking for value in the Phoenix market.
The 1,016 square foot layout featuring two bedrooms and two full bathrooms offers a balanced and efficient use of space, ideal for small families or a roommate configuration.
Situated in the Hallcraft Villas East 5 subdivision near the Tempe border, the property provides convenient access to major transit routes and local employment hubs.
The assigned elementary, middle, and high schools all carry a rating of 3, which may be a significant drawback for families prioritizing high-performing educational districts.
The monthly association fee of $348 is relatively high given the $250,000 price point, which could impact a buyer's monthly debt-to-income ratio and overall affordability.
Exceptional opportunity in Phoenix. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades PK-5 • 1.5 mi
Grades 6-8 • 1.9 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,016 | 1,008 | 61% |
| Lot Size | 814 | 962 | 28% |
| Price | $250.0K | $152.5K | 89% |
| Price per sq ft | $246 | $156 | 89% |
| Built year | 1984 | 1979 | 50% |
| HOA | $348 | $180 | 94% |
| Days on market | 54 | 551 | 6% |
Mar 3, 2026
$250,000
Initial Listing