8318 W ROMA Avenue, Phoenix, AZ 85037, Phoenix, 85037 - 5 bed, 2 bath
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Phoenix, AZ 85037
This property presents a High-Potential Investment Opportunity with a List Price of $374,990—positioned above the $356,352 Fair Market Value by 5%. While the home requires a full rehab due to its Condition Rating of 5, the 5-bedroom layout provides exceptional utility for rental income or large families. The No HOA Fees structure enhances long-term cash flow potential. This asset is a strategic acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors capable of executing a comprehensive renovation to modernize this 1972 build.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8318 W ROMA Avenue Subject | $369,900* List Price | 5 | 2 | 1,811 | $195 | - |
A 3630 N 86TH Avenue Sold | $390,000 | 4 | 2 | 2,088 | $187 | 0.8 mi |
B 8623 W INDIANOLA Avenue Sold | $370,000 | 4 | 2 | 1,710 | $216 | 0.7 mi |
C 4547 N 87TH Avenue Sold | $385,000 | 4 | 2 | 1,964 | $196 | 0.5 mi |
D 8448 W TURNEY Avenue Active | $389,999 List Price | 4 | 2 | 1,731 | $225 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1972 (54 years old), exceeding the 30-50 year threshold for poor condition without documented renovations. Exterior images show significant deferred maintenance, including a heavily cracked driveway and neglected landscaping. Given the age and lack of update history, the kitchen, bathrooms, and major systems (HVAC/Electric) likely require a full rehab.
Featuring 5 bedrooms, this property offers exceptional utility for large families or multi-generational living, which is a rare find for a home under 2,000 square feet.
The absence of a homeowners association fee reduces monthly carrying costs and provides the owner with greater freedom regarding property use and maintenance.
Priced competitively at $374,990, this home represents a strong entry-level opportunity for buyers looking to establish themselves in the Phoenix market.
Built in 1972, the home may require significant updates to major systems and cosmetic finishes to meet modern standards and energy efficiency.
A price reduction within the first week of listing suggests a need to quickly recalibrate market expectations to attract qualified buyers.
Opportunity for a large family 5 bedroom 2 bath with over 1800 ft.² and this is price to sell! This house would be great for Multi- generational family looking for added bedroom and space! This property features in OVERSIZED LOT! Plenty of space to park all your toys!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,811 | - |
| Lot Size | 6,399 | - |
| Price | $369.9K | $495.4K |
| Price per sq ft | $204 | $290 |
| Built year | 1972 | 0 |
| HOA | $0 | $0 |
| Days on market | 30 | 1260 |
Jul 22, 2026
$369,900
$374,990
-1% Price Drop
Initial Listing
Jun 29, 2026
$374,990
$379,990
-1% Price Drop
Initial Listing
Jun 22, 2026
$379,990
Initial Listing