5431 S 5TH Street, Phoenix, AZ 85040, Phoenix, 85040 - 2 bed, 1 bath
Loading property details...
Phoenix, AZ 85040
This property presents a High-Potential Investment Opportunity with a List Price of $299,000—positioned well below the $259,950 Fair Market Value by -15%. While the home carries a Fair Condition Rating (5/10), the massive 17,135 sq ft lot, horse-friendly zoning, and recent mechanical upgrades—including a new AC—provide a solid foundation for value-add renovations. This asset offers significant upside for those capable of modernizing the interior. It is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project with substantial land-use flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5431 S 5TH Street Subject | $284,650* List Price | 2 | 1 | 780 | $327 | - |
A 5047 S 10TH Street Sold | $229,981 | 2 | 1 | 789 | $291 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1963 (61 years old), the property requires significant rehab despite a new HVAC system and select new appliances. Interior photos show missing baseboards, dated tile, and unfinished surfaces, consistent with a 'fixer-upper' needing more than minor cosmetic updates.
The massive 17,135 sq ft lot is zoned for horses and features irrigation with no HOA, offering rare flexibility and significant potential for expansion or outdoor use.
A brand-new AC system installed just six months ago, paired with new stainless steel kitchen appliances, provides peace of mind and immediate value for the buyer.
Situated near Phoenix Sky Harbor Airport, South Mountain, and Downtown Phoenix, the property offers excellent accessibility to major employment hubs, shopping, and recreation.
At only 780 square feet, the living space is quite compact for a two-bedroom home, which may challenge buyers looking for more generous indoor proportions.
Built in 1963, the home likely requires further modernization beyond the recent appliance and AC updates to fully realize its potential.
17,135 sq ft lot with a 2 bedrooms, 1 bath, NO HOA, irrigation, horse property. A rare opportunity with endless possibilities! New AC installed 6 months ago, brand new stainless steal gas stove and microwave, one car garage. Close to Phoenix Sky Harbor Airport, South Mountain, Shopping, Downtown Phoenix, Restaurants, and a house away from a park. This house has lots of potential!
No exterior & parking available.
Grades K-3 • 1.0 mi
Grades 4-8 • 1.1 mi
Grades 9-12 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 780 | - |
| Lot Size | 17,135 | - |
| Price | $284.6K | $495.4K |
| Price per sq ft | $365 | $290 |
| Built year | 1963 | 0 |
| HOA | $0 | $0 |
| Days on market | 12 | 1260 |
Jul 18, 2026
$284,650
$299,000
-5% Price Drop
Initial Listing
Jul 11, 2026
$299,000
Initial Listing