8045 N 14TH Street, Phoenix, AZ 85020, Phoenix, 85020 - 5 bed, 3 bath
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Phoenix, AZ 85020
This property presents a High-Potential Investment Opportunity with a List Price of $700,000—positioned above the $644,492 Fair Market Value. While the property requires a premium, it offers significant Dual-Income Potential via a 3-bed main residence and a 2-bed garage conversion. With a Condition Rating of 4, the vintage 1959 infrastructure invites modernization to maximize rental yields. The 0.35-acre lot provides rare urban utility, making this a strategic Buy-and-Hold Asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking supplemental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8045 N 14TH Street Subject | $700,000* List Price | 5 | 3 | 2,558 | $252 | - |
A 802 E HARMONT Drive Sold | $499,800 List Price | 5 | 3 | 2,532 | 0.7 mi | |
B 7644 N 20TH Street Sold | $559,900 List Price | 3 | 2 | 2,496 | 0.9 mi | |
C 7840 N 8TH Street Sold | $499,900 List Price | 4 | 3 | 2,261 | 0.7 mi | |
D 7840 N 18TH Street Sold | $860,000 List Price | 3 | 2 | 2,439 | 0.6 mi | |
E 1125 E NORTHVIEW Avenue Sold | $575,000 List Price | 4 | 3 | 2,507 | 0.9 mi | |
F 8420 N 15TH Street Sold | $770,000 | 4 | 4 | 3,272 | $235 | 0.3 mi |
G 709 E ROYAL PALM Road E Pending | $645,000 List Price | 4 | 2 | 2,473 | $261 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, the property shows well-maintained exterior paint and a newer concrete driveway, but the 'investment opportunity' branding and presence of long-term tenants suggest the interior kitchens, baths, and systems are likely dated (>20 years) and will eventually require modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15027, living area = 2558.
The property features two separate income-producing units with established long-term tenants, providing immediate cash flow and versatility for investors or multigenerational living.
Situated on a rare ~0.35-acre oversized lot, this property offers significant outdoor space and potential for future expansion or additional amenities in a central urban setting.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2558, other record living area = 1758. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The secondary unit is a garage conversion rather than a purpose-built structure, which may present challenges with appraisal valuations or specific financing requirements for some buyers.
Built in 1959, the property may require significant updates to major systems or cosmetic renovations to maintain competitiveness and minimize ongoing maintenance costs.
INVESTMENT OPPORTUNITY Excellent North Central Phoenix investment opportunity featuring two income-producing units on an oversized ~0.35-acre lot. Property includes a 3-bed / 2-bath main residence plus a 2-bed / 1-bath garage conversion. Strong rental income with long-term tenants already established. Convenient access to SR-51, dining, shopping, hiking, and downtown Phoenix. Ideal opportunity for investors, multigenerational living, or owner-occupants seeking supplemental rental income. Rare chance to own a versatile property with multiple income streams in a highly desirable central Phoenix location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,558 | - |
| Lot Size | 15,027 | - |
| Price | $700.0K | $495.4K |
| Price per sq ft | $274 | $290 |
| Built year | 1959 | 0 |
| HOA | $0 | $0 |
| Days on market | 64 | 1260 |
May 19, 2026
$700,000
Initial Listing