4542 N 50th Drive, Phoenix, AZ 85031, Phoenix, 85031 - 5 bed, 3 bath
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Phoenix, AZ 85031
This High-Potential Investment Opportunity is listed at $579,000, positioned above the $500,396 Fair Market Value. Despite the premium, this Turnkey Multi-Unit Asset features a fully remodeled 4bd/2ba main house and a 3bd/1ba guest house, providing immediate cash flow through August 2026. With a Condition Rating of 2, the property offers significant utility on its 14,070 sqft lot. This versatile setup is an ideal acquisition for Buy-and-Hold Investors seeking stable rental income or Multigenerational Families requiring independent living quarters.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4542 N 50th Drive Subject | $579,000* List Price | 5 | 3 | 2,189 | $229 | - |
A 4625 N 57TH Avenue Sold | $420,000 | 4 | 2 | 2,127 | $197 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1955, the main house recently underwent a complete floor-to-ceiling remodel including new kitchen, baths, HVAC, electric, and plumbing, meeting the criteria for a renovation under 5 years old.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14070, living area = 2189.
The property features two completely independent homes on one lot, with a guest house already leased through August 2026, providing immediate cash flow and versatile options for investors or multigenerational families.
The main house has undergone a total floor-to-ceiling renovation, including high-value upgrades to the HVAC, electrical, plumbing, roof, and aesthetic finishes, ensuring a turnkey move-in experience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2189, other record living area = 1410. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The guest house lease is locked in until late 2026, which may deter buyers who need immediate vacant possession of the secondary unit for personal use or to adjust to current market rental rates.
Originally built in 1955 in Maryvale Terrace, the property is subject to the aging infrastructure and architectural style of the surrounding community, which may impact future appreciation compared to newer developments.
Opportunities like this don't hit the market often! Incredible investment property or the ultimate setup for multigenerational living, this unique property delivers. Situated on nearly 1/3 of an acre, this one of a kind property features two completely independent homes. The Main House (4bd/2ba) Floor to ceiling remodel was just completed including kitchen, baths, windows, doors, interior/exterior paint, stucco, electric, plumbing, and HVAC system (see the documents tab for the full list of repairs and upgrades). The Guest House (3bd /1ba) is perfect for immediate cash flow or future family use. Tenants are already in place with a lease running through August 2026. Providing instant rental income from day one. Don't miss out on this versatile, turn key property with endless potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,189 | - |
| Lot Size | 14,070 | - |
| Price | $579.0K | $495.4K |
| Price per sq ft | $265 | $290 |
| Built year | 1955 | 0 |
| HOA | $0 | $0 |
| Days on market | 10 | 1260 |
Jul 13, 2026
$579,000
Initial Listing