4813 E FAIRMOUNT Avenue, Phoenix, AZ 85018, Phoenix, 85018 - 4 bed, 3 bath
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Phoenix, AZ 85018
This Dual-Residence Arcadia Property serves as a versatile hybrid asset listed at $985,000, a price supported by its proven income-generating potential and $883,611 Fair Market Value. Maintaining a Condition Rating of 2, the estate offers a renovated main house alongside a turnkey Airbnb studio boasting 40+ five-star reviews. The private outdoor sanctuary features mature ficus trees and a pavered courtyard, located within the Arcadia High School boundary. This is an exceptional opportunity for Owner-Occupants seeking a house-hack or Multi-generational Families prioritizing a move-in-ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4813 E FAIRMOUNT Avenue Subject | $985,000* List Price | 4 | 3 | 1,378 | $641 | - |
A 3420 N 45TH Street Sold | $974,900 | 3 | 2 | 1,731 | $563 | 0.5 mi |
B 4535 E CAMPBELL Avenue Active | $999,000 List Price | 3 | 2 | 1,346 | $742 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1955, the property has undergone extensive recent renovations that bring it up to modern standards. The kitchen features high-quality white shaker cabinetry, a farmhouse sink, subway tile backsplash, and stainless steel appliances. The interior boasts updated wood-look flooring, modern light fixtures, and smooth stucco walls. With renovated bathrooms and a turnkey, high-end studio unit, the property shows no signs of deferred maintenance and reflects current design trends.
This dual-residence property includes a turnkey, highly successful Airbnb studio with over 40 five-star reviews, offering immediate rental income or flexible multi-generational living options.
Situated in the highly desirable Arcadia Osborn neighborhood, the property boasts excellent curb appeal and proximity to top-rated schools like Arcadia High, enhancing long-term value.
The shared courtyard is a standout feature, adorned with premium pavers, lush bougainvillea, and towering 25-foot mature ficus trees that create a secluded and serene desert oasis.
With only 1,378 total square feet divided between two separate living units, the individual rooms—particularly in the 3-bedroom front house—may feel compact for some residents.
The list price of $985,000 represents a significant premium per square foot, which may be a concern for buyers focused on interior volume rather than lot value and income potential.
Don't miss this exceptional dual-residence property in the highly desirable Arcadia Osborn neighborhood. The Bungalow Arcadia units 1 & 2 are now ready for their new owner! The front house is a charming 3-bedroom, 2-bathroom home that is a light-filled gem featuring smooth stucco walls, updated flooring, and renovated bathrooms. Relax with your morning coffee on the covered patio before exploring the rest of this unique property. Access to the original Bungalow Arcadia is right around the corner through a separate side entrance. As you walk past the patio and custom mural, you enter this wildly successful Airbnb (boasting 40+ five-star reviews), which is a thoughtfully designed studio featuring a king bed, full kitchen, spa-like bathroom, generous closet space, and in-unit washer/dryer. Both residences share a stunning pavered courtyard adorned with bougainvillea and a grassy yard anchored by towering 25-foot mature ficus trees, creating a private sanctuary. Whether you're seeking rental income from both units, planning to live in one while renting the other, or considering multi-generational living arrangements, this property checks all the boxes.
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,378 | 2,705 | 5% |
| Lot Size | 6,743 | 9,936 | 16% |
| Price | $985.0K | $1.15M | 46% |
| Price per sq ft | $715 | $473 | 78% |
| Built year | 1955 | 1961 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 1537 | 0% |
Mar 31, 2026
$985,000
Initial Listing