742 W BROADWAY Road, Phoenix, AZ 85041, Phoenix, 85041 - 3 bed, 1 bath
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Phoenix, AZ 85041
This property presents a High-Potential Investment Opportunity with a List Price of $290,000—positioned slightly above the $282,726 Fair Market Value. Featuring C1 and R5 Zoning and a Condition Rating of 3, this asset offers significant flexibility for development. The inclusion of a detached income-generating studio provides immediate rental utility, while the 11,535 sqft lot allows for future expansion. This versatile property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a property with multi-use potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 742 W BROADWAY Road Subject | $290,000* List Price | 3 | 1 | 912 | $310 | - |
A 5242 S 11TH Avenue Sold | $320,000 | 3 | 2 | 1,160 | $276 | 0.7 mi |
B 5411 S 14TH Avenue Active | $325,000 List Price | 3 | 1 | 1,252 | $260 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates back to 1951, the interior shows evidence of a recent renovation (likely within the last 5-10 years). The photos reveal updated tile flooring, fresh paint, modern ceiling fans, and a newer mini-split HVAC system. The property appears functional, well-maintained, and move-in ready, which elevates it from its chronological age category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11535, living area = 912.
The property features rare C1 and R5 zoning, offering significant flexibility for both commercial and high-density residential development or business use.
A fully equipped detached studio with its own kitchen, bathroom, and living area provides immediate rental income potential or a private guest suite.
With only one bathroom serving three bedrooms in the main residence, the layout may be restrictive for larger families or modern buyer expectations.
The main home’s 912 square foot footprint is relatively small for a three-bedroom configuration, likely resulting in very small individual bedroom sizes.
Rare opportunity to own a beautiful property with incredible flexibility and INVESTMENT potential. This property is situated on a desirable lot with C1 and R5 zoning, this unique property offer a wide variety of residential and commercial possibilities plus a detached studio that was already on the property when the current owner purchased it. The studio includes its own bedroom, living area, bathroom and kitchen! You truly have to see in person to appreciate everything it has to offer!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 912 | - |
| Lot Size | 11,535 | - |
| Price | $290.0K | $495.4K |
| Price per sq ft | $318 | $290 |
| Built year | 1951 | 0 |
| HOA | $0 | $0 |
| Days on market | 4 | 1260 |
Jul 23, 2026
$290,000
Initial Listing