8843 N 40TH Avenue, Phoenix, AZ 85051, Phoenix, 85051 - 3 bed, 1 bath
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Phoenix, AZ 85051
This 1967 3-Bedroom Value-Add Residential Asset is listed at $255,000, positioned relative to a $172,433 Fair Market Value. Explicitly marketed as a "fix-up" with a Condition Rating of 5, this Block Home requires interior modernization—including potential bathroom expansion—but features a 2022 AC unit and a 2012 roof. The property sits on a generous 6,800 sq. ft. lot with No HOA Fees, offering significant freedom for development. Located near Apollo High School, this property represents a strategic acquisition for Fix-and-Flip Investors or Contractors seeking a high-ROI project in Phoenix.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8843 N 40TH Avenue Subject | $255,000* List Price | 3 | 1 | 1,078 | $160 | - |
A 3535 W ALICE Avenue Sold | $235,000 | 3 | 1 | 1,095 | $215 | 0.6 mi |
B 4225 W GRISWOLD Road Sold | $265,000 | 3 | 2 | 1,116 | $237 | 0.8 mi |
C 3714 W Echo Lane Sold | $262,500 | 3 | 2 | 1,240 | $212 | 0.6 mi |
D 3521 W BUTLER Drive Sold | $301,000 | 3 | 2 | 1,329 | $226 | 0.7 mi |
E 8235 N 35TH Drive Sold | $280,000 | 3 | 2 | 1,162 | $241 | 0.8 mi |
F 8230 N 42ND Drive Sold | $300,000 | 4 | 2 | 1,455 | $206 | 0.7 mi |
G 8002 N 42ND Avenue Pending | $250,000 List Price | 3 | 2 | 1,246 | $201 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1967 and explicitly marketed as needing a 'fix-up,' this property requires substantial rehabilitation. While the AC (2022) and roof (2012) are functional updates, the exterior shows visible signs of deferred maintenance including peeling paint and weathered trim. The outdated 3-bedroom, 1-bathroom configuration and the 'needs fix-up' description indicate that the interior likely requires significant renovation to be considered move-in ready.
The absence of a Homeowners Association offers buyers greater freedom and lower monthly carrying costs, which is a highly desirable feature for both investors and primary residents in the Phoenix market.
With a new AC unit installed in 2022 and a roof replaced in 2012, the property has already addressed two of the most significant capital expenditures, reducing immediate maintenance concerns.
This classic block-constructed home sits on a generous 6,800 sq. ft. lot with a secure block fence, offering durability and ample outdoor space for future expansion or landscaping.
The property is explicitly listed as needing a 'fix-up,' indicating that buyers will need to budget for immediate additional investment to address cosmetic or structural repairs.
Featuring three bedrooms but only one bathroom, the layout may be restrictive for modern family needs and could limit the property's competitive edge compared to homes with a second bath.
NO HOA*BLOCK HOME * 3 BED 1 BATH* hard to find at this price ** NEEDS FIX-UP. Great location, ready for a new family to make it their dreams come true * AC 2022 * Roof 2012 * Roomy Back Yard, Block Fence, easy to show, see it today!!
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades PK-6 • 0.5 mi
Grades 7-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 4% |
| Square foot | 1,078 | 1,620 | 3% |
| Lot Size | 6,800 | 7,662 | 32% |
| Price | $255.0K | $349.9K | 26% |
| Price per sq ft | $237 | $219 | 66% |
| Built year | 1967 | 1967 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 349 | 1% |
Apr 12, 2026
$255,000
Initial Listing