4604 E RIVERSIDE Street, Phoenix, AZ 85040, Phoenix, 85040 - 2 bed, 2 bath
Loading property details...
Phoenix, AZ 85040
This Entry-Level Townhouse Asset represents a strategic acquisition in the Phoenix market with a List Price of $175,000. Positioned at a stable price point relative to its $155,916 Fair Market Value, this property offers a rare sub-$200k entry point for the region. Featuring a Condition Rating of 4, the home includes a functional layout with a private enclosed patio and durable tile flooring. Its location near major freeways and Sky Harbor Airport drives strong rental demand despite modest school ratings. This is an ideal opportunity for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance asset with high-yield potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4604 E RIVERSIDE Street Subject | $175,000* List Price | 2 | 2 | 924 | $169 | - |
A 4608 E RIVERSIDE Street Sold | $180,000 | 3 | 1 | 1,008 | $179 | 0.0 mi |
B 4608 E RIVERSIDE Street Sold | $180,000 | 3 | 1 | 1,008 | $179 | 0.0 mi |
C 4510 E WOOD Street Sold | $170,000 | 3 | 1 | 1,008 | $169 | 0.1 mi |
D 4523 E WOOD Street Sold | $145,000 | 3 | 1 | 1,008 | $144 | 0.1 mi |
E 4523 E WOOD Street Sold | $145,000 | 3 | 1 | 1,008 | $144 | 0.1 mi |
F 4523 E Wood Street Sold | $145,000 | 3 | 1 | 1,008 | $144 | 0.1 mi |
G 4224 S 46TH Place Active | $175,000 List Price | 2 | 1 | 924 | $189 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, the property is over 50 years old. While it features some recent cosmetic updates such as a modern bathroom vanity and stainless steel appliances, the kitchen cabinetry, popcorn ceilings, and Saltillo-style tile flooring are dated (likely >20 years). The home appears well-maintained and functional but requires further modernization to move beyond the 'Fair' category.
Priced at $175,000, this property offers a highly accessible entry point into the Phoenix market, presenting a strong opportunity for first-time buyers or investors seeking high rental yield potential.
The two-story design maximizes the 924 sqft footprint with durable tile flooring on the main level, a practical kitchen with breakfast bar seating, and a private enclosed patio for outdoor living.
Situated near major freeways, shopping, and dining, the property provides excellent connectivity for commuters and easy access to essential local amenities.
The assigned elementary, middle, and high schools all carry a rating of 3, which may be a significant consideration for families prioritizing district performance.
Built in 1972, the property may require ongoing maintenance or modernization of older systems and finishes to meet contemporary standards and efficiency.
Well-maintained 2 bedroom, 1.5 bathroom townhouse offering comfort, functionality, and value. This two-story home features a spacious living area, tile flooring throughout the main level, and a practical kitchen with ample cabinet space and breakfast bar seating. Upstairs you'll find generously sized bedrooms and a full bathroom. Enjoy a private, enclosed patio area--perfect for outdoor seating or low-maintenance living. Conveniently located near major freeways, shopping, and dining. Ideal opportunity for a first-time buyer or investor looking for an affordable option with strong potential.
No exterior & parking available.
Grades PK-5 • 1.3 mi
Grades 6-8 • 1.6 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 924 | - |
| Lot Size | 1,108 | - |
| Price | $175.0K | $341.8K |
| Price per sq ft | $189 | $259 |
| Built year | 1972 | 0 |
| HOA | $180 | $0 |
| Days on market | 84 | 1211 |
Apr 30, 2026
$175,000
Initial Listing