8939 N 8TH Street, Phoenix, AZ 85020, Phoenix, 85020 - 10 bed, 8 bath
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8939 N 8TH Street
Phoenix, AZ 85020
PENDING
CONDITION: GOOD
10Beds
8Baths
1,460Sq Ft
0Lot Size
Property Price
LIST PRICE$1,625,000
SUMMARY
Analysis of 8939 N 8TH Street, Phoenix, AZ 85020 is currently available with a list price of $1,625,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1987 (37 years old), the property has undergone significant renovations likely within the last 10-15 years. Interior features updated tile flooring, newer cabinetry, and functional appliances. The exterior is well-maintained with a paver courtyard and fresh paint, making it move-in ready for a residential income asset.
PROSSTRENGTHS & OPPORTUNITIES
- High Density Income Potential
With a rare 10-bedroom and 8-bathroom configuration, this residential income property is engineered for maximum rental yield and high-capacity occupancy.
- Zero HOA Overhead
The absence of association fees reduces monthly operating expenses, directly improving the Net Operating Income (NOI) for a prospective investor.
- Strategic Phoenix Location
Situated in the 85020 zip code, the property benefits from a strong rental submarket with convenient access to North Mountain recreation and central Phoenix employment hubs.
CONSRISKS & DEFICIENCIES
- Extreme Density Constraints
The ratio of 10 bedrooms within only 1,460 square feet suggests exceptionally small living quarters, which may lead to higher tenant turnover and niche market appeal.
- High Price Per Square Foot
At a list price of $1.625M for limited square footage, the property demands a significant premium that requires aggressive rental rates to justify the investment return.
About 8939 N 8TH Street
Exceptional opportunity in Phoenix. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1987
- Lot Size
- -
Interior
- Total Bedrooms
- 10
- Total Bathrooms
- 8 (8 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 10.0 | 0.0 |
| Baths | 8.0 | 0.0 |
| Square foot | 1,460 | - |
| Lot Size | - | - |
| Price | $1.62M | $228.9K |
| Price per sq ft | $1.1K | $256 |
| Built year | 1987 | 0 |
| HOA | $0 | $0 |
| Days on market | 12 | 4774 |
Pricing History
Listed for Sale
Aug 3, 2026
$1,625,000
Initial Listing