5525 E THOMAS Road O8, Phoenix, AZ 85018, Phoenix, 85018 - 2 bed, 2 bath
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Phoenix, AZ 85018
This Central Phoenix Condominium represents a stable entry into a high-demand submarket, listed at $205,000—aligning exactly with its $205,000 Fair Market Value. Boasting a Condition Rating of 4 and a functional 2-bedroom, 2-bath layout, the unit is well-maintained but features original 1974 finishes, offering clear potential for forced appreciation. The utility-inclusive HOA, community pool access, and strategic location near Arcadia ensure strong long-term rental appeal within the Griffith Elementary district. This asset is a prudent acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5525 E THOMAS Road O8 Subject | $195,000* List Price | 2 | 2 | 982 | $197 | - |
A 5525 E THOMAS Road P7 Sold | $180,000 | 1 | 1 | 796 | $226 | 0.0 mi |
B 5525 E THOMAS Road F9 Sold | $182,000 | 1 | 1 | 796 | $229 | 0.1 mi |
C 5525 E THOMAS Road M16 Active | $190,000 List Price | 1 | 1 | 796 | $239 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, this property is well-maintained but largely outdated, featuring popcorn ceilings, original-style dark wood kitchen cabinetry, and laminate countertops. While it includes some updated appliances like a stainless steel range, the overall aesthetic—including the carpeting and fluorescent lighting—reflects its age and requires minor cosmetic updates to meet modern standards.
Situated minutes from Arcadia, Old Town Scottsdale, and Sky Harbor Airport, this property offers exceptional accessibility to major employment and entertainment hubs.
The monthly association fee includes water and hot water, providing predictable monthly expenses and added value for both owner-occupants and investors.
Located in a high-demand area with a layout conducive to roommates, this condo presents a strong opportunity for consistent long-term rental income.
Possible HOA restrictions on short-term rentals may limit investment strategies and flexibility for buyers seeking vacation rental income.
Originally constructed in 1974, the aging infrastructure of the complex may lead to higher long-term maintenance costs or the need for future capital improvements.
Light-filled 2-bedroom, 2-bath second-floor condo with a desirable interior community location near parking and the pool. HOA includes water and hot water, offering added convenience and reduced monthly expenses. Minutes from Arcadia, Old Town Scottsdale, Tempe, and Sky Harbor Airport, this condo presents strong demand for long-term rental use. Short-term rental restrictions may apply—buyers to verify HOA rules. A solid opportunity in a high-demand central location.
No exterior & parking available.
Grades PK-8 • 1.4 mi
Grades 9-12 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 982 | 1,038 | 37% |
| Lot Size | 97 | 805.5 | 4% |
| Price | $195.0K | $285.0K | 35% |
| Price per sq ft | $199 | $298 | 30% |
| Built year | 1974 | 1972 | 50% |
| HOA | $404 | $365 | 61% |
| Days on market | 101 | 1442 | 9% |
Apr 18, 2026
$195,000
$205,000
-5% Price Drop
Initial Listing
Jan 15, 2026
$205,000
Initial Listing