521 W MARIPOSA Street, Phoenix, AZ 85013, Phoenix, 85013 - 2 bed, 1 bath
Loading property details...
Phoenix, AZ 85013
This Turnkey Multi-Unit Generational Home is listed at $875,000, representing a stable valuation relative to its $822,302 Fair Market Value. Boasting a Good Condition Rating, the property features a main residence with Bosch appliances and two secondary units renovated in 2022. With Strong Cash Flow Potential of $4,500 monthly and private patios for each unit, this asset offers exceptional versatility in Central Phoenix. Located near Osborn Middle School, it combines modern upgrades with high rental demand. This is a premier opportunity for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 521 W MARIPOSA Street Subject | $875,000* List Price | 2 | 1 | 1,599 | $514 | - |
A 512 W ROMA Avenue Sold | $677,500 | 4 | 3 | 1,325 | $511 | 0.5 mi |
B 512 W ROMA Avenue Sold | $677,500 | 4 | 3 | 1,325 | $511 | 0.5 mi |
C 1422 W COLTER Street Sold | $729,000 List Price | 3 | 3 | 1,777 | 0.7 mi | |
D 1413 W GLENROSA Avenue Active | $699,999 List Price | 3 | 3 | 1,548 | $452 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition following extensive renovations. The main residence was fully updated in 2017 (7 years ago) with high-end features including Bosch/KitchenAid appliances, hardwood flooring, and a new roof/electrical system. The two secondary units were renovated more recently in 2022 (2 years ago) with LVP flooring and quartz countertops. While the secondary units meet the 'excellent' timeframe, the main home and major systems fall within the 5-15 year 'good' window, making 'good' the most accurate overall classification for the entire multi-unit property.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8423, living area = 1599.
This unique tri-plex configuration offers exceptional flexibility for multi-generational living or a high-yield investment strategy through house-hacking in a prime Central Phoenix location.
Extensively renovated in 2017 and 2022, the property boasts a new roof, updated electrical, premium Bosch/KitchenAid appliances, and smart home technology, ensuring low immediate maintenance costs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1599, other record living area = 1568.
The main 2-bedroom residence and both secondary units only provide one bathroom each, which may be a drawback for families or renters seeking more convenience.
The assigned public schools carry lower ratings (ranging from 3 to 5), which could be a deterrent for long-term owner-occupants with school-aged children.
Prepare to be absolutely delighted by this one-of-a-kind infill tri-plex-generational home! This is a rare find in a coveted Central Phoenix location, putting you moments from everything wonderful the city has to offer. This charming property brilliantly blends gorgeous 1930s character with the joy of modern, move-in-ready living, making it perfect for both a stellar investment or a heartwarming generational home! Highlights of this Remodeled Gem: Beautifully Remodeled Units: Every unit has been very nicely remodeled! Forget the hassle of renovations—each space has been thoughtfully updated to provide modern comfort and style. The Main Home is a Showstopper! (2BD/1BA, 1,031 sq ft) Featuring vaulted ceilings that lift the spirit, stunning hardwood floors, custom cabinets, slab countertops, a gas cooktop with SS Bosch and Kitchen Aid appliances, and two cozy fireplaces (interior gas and patio is wood burning) for those perfect evenings. Plus, it includes a private courtyard, paver patio, and its own garage! Wonderful Secondary Units: Units 1 & 2 (1BD) feature private patios, nicely updated kitchens and baths, and stylish tile floors. They are independently comfortable with mini-split or wall ACs and separate electric meters. Rock-Solid Investment: With a new roof and electrical completed in 2017, the major work is done! Projected rents are fantastic: \$2,100 for the main unit and \$1,200 for each 1BD unit (apprx.556 sq ft each) a perfect blend of charm, unbeatable location, and amazing cash flow! Whether you dream of living in the beautiful main home while enjoying fantastic rental income, or providing gorgeous, separate living spaces for extended family, this property is a rare and joyful solution. Do not miss out on this generational treasure! More details below! Property Sprinkler system and city irrigation available Electric or Smart Open/Close driveway gate Each home has its own private patio Entire property fenced Wrought iron surrounding front property Block wall surrounding back property Main home 2 bed/1 bath Fully renovated 2017 New premium wood hardwood floors Bosch and Kitchen Aid appliances Smart Home technology main home (Lights, garage opener, property lights) LED dimmable lighting Hidden electrical sockets in kitchen and bath Interior Gas fireplace On demand gas water heater Exterior wood burning fireplace Gas grill 1 car garage with cabinetry and tons of storage space Unit 1: 1 bed/1 bath Fully renovated 2022 All new windows and doors LVP flooring throughout excluding bath All new cabinetry and quartz countertops All new Whirpool appliances (refrigerator, stove, microwave) 2 Mini splits (great room and bedroom) Heating unit in bathroom LED dimmable lighting Smart Home features On demand electric water heater Separate electric Unit 2 - 1 bed/1 bath Renovated in 2022 2 Mini splits (great room and bedroom) All new LG appliances (refrigerator, stove, microwave, dishwasher) LVP flooring throughout excluding bath Fully renovated bathroom Smart Home features Separate electric and gas On demand gas water heater Gas stove
No exterior & parking available.
Grades 7-8 • 0.4 mi
Grades PK-8 • 1.7 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 6% |
| Baths | 1.0 | 2.0 | 6% |
| Square foot | 1,599 | 1,777 | 37% |
| Lot Size | 8,423 | 8,276 | 52% |
| Price | $875.0K | $512.0K | 78% |
| Price per sq ft | $547 | $323 | 94% |
| Built year | 1956 | 1953 | 66% |
| HOA | $0 | $0 | 50% |
| Days on market | 76 | 1166 | 3% |
Feb 9, 2026
$875,000
Initial Listing