5221 N 42ND Lane, Phoenix, AZ 85019, Phoenix, 85019 - 2 bed, 1 bath
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Phoenix, AZ 85019
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"Phoenix 2-bed townhome at $165,000. Investor-ready, leased at $1,200/mo. Features granite counters, private courtyard, and proximity to GCU. Turnkey asset."
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Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5221 N 42ND Lane Subject | $159,900* List Price | 2 | 1 | 924 | $137 | - |
A 3944 W CAMELBACK Road Sold | $198,500 List Price | 2 | 1 | 924 | 0.4 mi | |
B 3957 W READE Avenue Sold | $160,000 List Price | 3 | 1 | 1,005 | 0.3 mi | |
C 4615 N 39TH Avenue 6 Sold | $174,000 | 2 | 2 | 1,026 | $170 | 0.8 mi |
D 4615 N 39TH Avenue 6 Sold | $174,000 | 2 | 2 | 1,020 | $171 | 0.8 mi |
E 5205 N 42ND Parkway Active | $159,900 List Price | 2 | 1 | 924 | $173 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1972, is well-maintained and move-in ready, but the 'remodeled' features like the bathroom tile and vanity style appear dated, likely renovated 15-25 years ago. While the kitchen has granite and newer appliances, the overall aesthetic and age of the components align with the 'fair' criteria of being functional but showing signs of being outdated.
The property is currently leased at $1,200 per month, offering investors immediate cash flow and a turn-key opportunity with a tenant already in place.
Ideally situated just one mile from Grand Canyon University and two miles from major freeway access, making it highly attractive for student housing or commuters.
The home features a remodeled bathroom and an updated kitchen with granite countertops and newer appliances, minimizing the need for immediate capital improvements.
The monthly HOA fee of $313 is relatively high compared to the listing price, which may impact the net yield for investors and overall affordability for buyers.
With only one bathroom serving two bedrooms, the layout may be less competitive compared to newer townhome developments that offer more modern configurations.
Investor ready !! Currently leased at $1200.00 Per month Nice turn key Townhome with private courtyard and laundry storage room ! Great location only 1 mile to GCU and 2 miles to freeway. Updated kitchen boasts Granite counters, newer sink and newer dishwasher Plus a walk-in pantry. ! Also a Remodeled bathroom and neutral color tile and carpet flooring !
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 924 | 1,005 | 31% |
| Lot Size | 839 | 1,790 | 23% |
| Price | $159.9K | $174.0K | 46% |
| Price per sq ft | $173 | $171 | 54% |
| Built year | 1972 | 1972 | 50% |
| HOA | $313 | $148 | 92% |
| Days on market | 181 | 1261 | 15% |
Apr 15, 2026
$159,900
$165,000
-3% Price Drop
Initial Listing
Oct 27, 2025
$165,000
Initial Listing