4721 E JONES Avenue, Phoenix, AZ 85040, Phoenix, 85040 - 3 bed, 1 bath
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Phoenix, AZ 85040
This Turnkey Townhouse represents a High-Potential Investment Opportunity, listed at $199,000—positioned above the $178,694 Fair Market Value by 11%. While priced at a premium, the property features a Mint Condition Rating following a comprehensive renovation, including modern shaker cabinets and quartz countertops. Its central location near Sky Harbor and ASU ensures strong rental demand. Despite the 1-bathroom layout and lower-rated local schools, the low-maintenance lifestyle and private patio make this an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4721 E JONES Avenue Subject | $199,000* List Price | 3 | 1 | 1,008 | $177 | - |
A 4523 E Wood Street Sold | $145,000 | 3 | 1 | 1,008 | $144 | 0.2 mi |
B 4523 E WOOD Street Sold | $145,000 | 3 | 1 | 1,008 | $144 | 0.2 mi |
C 4513 E Riverside Street Active | $179,999 List Price | 3 | 1 | 1,008 | $179 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1972 build date, the property has undergone a comprehensive recent renovation (likely <5 years). The kitchen features modern white shaker cabinets, quartz countertops, and new stainless steel appliances. The interior shows new LVP flooring, fresh paint, and updated hardware throughout, meeting the criteria for mint condition.
The property is ideally situated near Sky Harbor Airport, ASU, and Downtown Phoenix, offering unparalleled access to major employment hubs, dining, and transportation.
Priced under $200k for a 3-bedroom unit, this home offers a rare entry-level opportunity for first-time buyers or investors looking for strong rental demand in a central area.
Featuring a private patio and a manageable 1,008 sqft floor plan with a relatively low HOA fee, the property is perfect for those seeking a lock-and-leave lifestyle.
With three bedrooms but only one bathroom, the layout may present functional challenges for larger households or co-living arrangements, potentially impacting resale appeal.
Built in 1972 and served by schools with lower ratings (3/10), the property may require modernization and may be less attractive to families prioritizing top-tier education.
Welcome home to this charming 3-bedroom 1 bath townhouse. The functional floor plan features a spacious living area, an eat-in kitchen, and generously sized bedrooms. Enjoy low-maintenance living with a private patio perfect for relaxing, entertaining, or creating your own outdoor retreat. Ideally located near Sky Harbor Airport, Downtown Phoenix, Tempe, Arizona State University, major freeways, shopping, dining, and public transportation, this home offers easy access to everything the Valley has to offer. Whether you're a first-time homebuyer, investor, or looking to downsize, this property is an excellent opportunity to own an affordable home in a central Phoenix location.
No exterior & parking available.
Grades PK-5 • 1.2 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,008 | - |
| Lot Size | 1,114 | - |
| Price | $199.0K | $341.8K |
| Price per sq ft | $197 | $259 |
| Built year | 1972 | 0 |
| HOA | $182 | $0 |
| Days on market | 8 | 1211 |
Jul 15, 2026
$199,000
Initial Listing