6024 N 22ND Avenue, Phoenix, AZ 85015, Phoenix, 85015 - 5 bed, 3 bath
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Phoenix, AZ 85015
This High-Potential Investment Opportunity is listed at a List Price of $500,000—positioned well below the $523,824 Fair Market Value by 4%. This valuation gap offers $23,824 in Instant Equity. With a Fair Condition Rating, the property features a flexible floor plan with Multigenerational Living Potential and a Sparkling Pool. While the local school ratings are low, the home’s scale and location offer significant upside for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6024 N 22ND Avenue Subject | $500,000* List Price | 5 | 3 | 3,384 | $155 | - |
A 2227 W ROVEY Avenue Pending | $390,000 List Price | 4 | 2 | 2,309 | $169 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958, this property is over 60 years old. While it features recent cosmetic improvements such as new carpet, custom tile, and a refreshed backyard with synthetic turf, the overall structure and interior elements (like popcorn ceilings and older sliding doors) remain dated. It is functional and move-in ready, but requires further modernization of major systems and aesthetics to move beyond a fair rating.
Offering over 3,300 square feet at a competitive price point, this property provides a rare price-per-square-foot value for the highly desirable North Central Phoenix area.
The flexible floor plan includes a pre-plumbed wing ideal for a private guest suite or in-law quarters, catering to the high demand for multigenerational housing.
The backyard is fully optimized for entertaining with a sparkling pool, synthetic turf, and custom paver patios on a generous quarter-acre lot.
The assigned elementary and middle school carries a low rating of 3, which may be a significant deterrent for families prioritizing public education quality.
Built in 1958, the property may require substantial capital investment for aging systems such as plumbing, electrical, or roofing that often accompany homes of this era.
Rare opportunity to own a spacious 5-bedroom, 3-bath home in highly desirable North Central Phoenix at an exceptional price & OWNED SOLAR. One room can easily be converted into a 6th bedroom. The northeast wing already includes the plumbing and space needed to create a private guest suite, in-law quarters, or multigenerational living area. New carpet and custom tile add a fresh, upscale feel throughout. Step outside to an entertainer's backyard featuring a sparkling pool w/removable fencing, fire pit, synthetic turf, custom paver patios, & RV parking. Enjoy quick access to downtown Phoenix and neighborhood favorites including Postino, OHSO, The Henry, plus countless restaurants, shopping, and entertainment. Exceptional space, flexibility, and location--all at an incredible price.
No exterior & parking available.
Grades PK-8 • 0.5 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 3,384 | - |
| Lot Size | 11,029 | - |
| Price | $500.0K | $495.4K |
| Price per sq ft | $148 | $290 |
| Built year | 1958 | 0 |
| HOA | $0 | $0 |
| Days on market | 12 | 1260 |
Jul 11, 2026
$500,000
Initial Listing