921 S 3RD Avenue, Phoenix, AZ 85003, Phoenix, 85003 - 3 bed, 1 bath
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Phoenix, AZ 85003
Analysis of 921 S 3RD Avenue, Phoenix, AZ 85003 is currently available with a list price of $260,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1921, this property shows significant safety and structural defects including major water damage/staining on the ceiling and exposed electrical wiring. The presence of a portable AC unit suggests a lack of functional central HVAC, and the 'as-is' listing status confirms the need for a total rehab.
Situated in a high-growth area near Chase Field, ASU, and the light rail, offering excellent proximity to downtown amenities, entertainment, and major employment hubs.
The absence of a Homeowners Association provides owners with greater flexibility for property use and eliminates monthly fees, increasing long-term affordability.
Priced competitively on a generous 6,500 sqft lot, this property presents a prime opportunity for investors or renovators to build equity in a rapidly developing neighborhood.
The property is being sold in its current state and likely requires substantial capital expenditure for modernization and repairs given its 1921 construction year.
With three bedrooms but only one bathroom, the current floor plan may be less appealing to modern families and could necessitate a costly reconfiguration to add a second bath.
3 bedroom, 1 bathroom and NO HOA. Property being sold as-is. Location, Location, Location! Great potential in this up and coming neighborhood. City lights and close proximity to Chase Field, Mortgage Matchup Center, ASU and U of A schools, light rail system, and a public library. An abundance of restaurant options. Come check this gem out before it's gone.
No exterior & parking available.
Grades PK-8 • 0.1 mi
Grades 9-12 • 4.4 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 | 14% |
| Square foot | 1,027 | 1,614 | 3% |
| Lot Size | 6,500 | 7,453 | 15% |
| Price | $260.0K | $650.0K | 39% |
| Price per sq ft | $253 | $374 | 44% |
| Built year | 1921 | 1937 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 1620 | 1% |
May 1, 2026
$260,000
Initial Listing