755 W COOLIDGE Street, Phoenix, AZ 85013, Phoenix, 85013 - 3 bed, 2 bath
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Phoenix, AZ 85013
This Versatile R-3 Zoned Property represents a Strong Value Opportunity, listed at $575,000—positioned above the $532,473 Fair Market Value. While priced slightly above market, the property’s Mint Condition Rating and proven rental history provide immediate stability. Featuring a modernized kitchen and covered patios, the home sits on a generous lot with significant development potential. This is an ideal acquisition for Buy-and-Hold Investors seeking a turnkey asset or Owner-Occupants looking to leverage the R-3 zoning for future expansion in the vibrant Melrose District.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 755 W COOLIDGE Street Subject | $549,999* List Price | 3 | 2 | 1,339 | $387 | - |
A 1142 W VERMONT Avenue Sold | $650,000 | 3 | 2 | 1,532 | $424 | 0.8 mi |
B 5122 N 13TH Avenue Sold | $515,000 | 3 | 2 | 1,385 | $372 | 0.6 mi |
C 4815 N 14TH Avenue Sold | $445,000 | 3 | 2 | 1,487 | $299 | 0.3 mi |
D 1202 W CLARENDON Avenue Sold | $460,000 | 3 | 1 | 1,116 | $412 | 0.9 mi |
E 1008 W AMELIA Avenue Sold | $495,000 | 3 | 2 | 1,185 | $418 | 0.7 mi |
F 3827 N 13TH Avenue Sold | $492,000 | 4 | 2 | 1,600 | $308 | 0.9 mi |
G 3827 N 13TH Avenue Sold | $492,000 | 4 | 2 | 1,600 | $308 | 0.9 mi |
H 4001 N 8TH Avenue Sold | $512,500 | 3 | 2 | 1,390 | $369 | 0.8 mi |
I 915 W GLENROSA Avenue Pending | $650,000 List Price | 3 | 2 | 1,493 | $435 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1946, the home has undergone a comprehensive modern renovation within the last 5 years. The kitchen features contemporary white cabinetry, quartz countertops, and subway tile, while the bathrooms are fully updated with modern fixtures and tile work. With fresh interior/exterior paint and a new water heater, the property is in mint, move-in-ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8775, living area = 1339.
Situated in the highly sought-after Melrose District, the property offers exceptional walkability to trendy restaurants, shops, and the light rail, ensuring high demand for both owners and tenants.
The generous 8,775 sq. ft. lot is zoned R-3 Multifamily, providing a rare opportunity to increase value by building a second unit, a triplex, or additional structures.
Built in 1946, the property may have aging underlying systems such as plumbing or electrical that could require more maintenance compared to newer constructions.
At 1,339 square feet for a three-bedroom home, the interior layout may feel somewhat confined for families or buyers accustomed to more expansive modern floor plans.
Don't miss this charming and versatile 3-bedroom, 2-bath home nestled in the highly sought-after Melrose District -- one of Phoenix's most vibrant and walkable neighborhoods. Built in 1946 and sitting on a generous 8,775 sq. ft. lot, this well-cared-for, stylishly appointed home features an open kitchen-to-family-room layout with white cabinets, quartz countertops, subway tile backsplash, and a separate dining area. Fresh inside and out with a brand new paint job throughout the interior and exterior, plus a new water heater. Covered patios on both the front and back of the home make outdoor living easy, while generously sized bedrooms and an extra sitting area offer flexible space for any lifestyle. This property has proven itself as a successful long-term and short-term rental, making it a turnkey investment opportunity from day one. And the upside doesn't stop there -- zoned R-3 Multifamily, this lot offers the potential to build a second unit, a triplex, or additional structures, giving savvy investors or owner-occupants exceptional room to grow. Walking distance to popular Melrose District restaurants and shops, and close to the light rail -- the location checks every box for tenants and buyers alike. Whether you're looking for a move-in ready home, a proven rental, or a development play, 755 W Coolidge Ave delivers on all fronts.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,339 | - |
| Lot Size | 8,775 | - |
| Price | $550.0K | $495.4K |
| Price per sq ft | $411 | $290 |
| Built year | 1946 | 0 |
| HOA | $0 | $0 |
| Days on market | 49 | 1260 |
Jun 17, 2026
$549,999
$575,000
-4% Price Drop
Initial Listing
Jun 4, 2026
$575,000
Initial Listing