Investor opportunity near Downtown Phoenix! R-5 multifamily zoning, this property offers potential for rental income, redevelopment or future expansion. The existing updated 3-bedroom, 2-bath residence provides immediate usability while an investor explores the site's highest and best use. Conveniently located near employment centers, freeways, transit and downtown amenities. Buyer to independently verify zoning, permitted uses, density, utilities and development feasibility with the City of Phoenix. Property sold as-is.
CloseDaily local analysis
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
This property is offered at $267 per square foot, compared with a $259 median for active 3-bedroom homes in Phoenix. Its asking price falls near the 46th percentile of that active group. The comparison uses 2,619 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $475,250, and the median is $367 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 1426 E WASHINGTON Street 19 & 20, Phoenix, AZ 85034 | May 1, 2026 | — | $400,000 | 0.1 mi |
| 1417-1421 E WASHINGTON Street, Phoenix, AZ 85034 | Jul 3, 2026 | — · 5,630 sqft | $975,000 | 0.1 mi |
| 1341 E Polk Street, Phoenix, AZ 85006 | Jun 25, 2026 | 15 bd | $1,750,000 | 0.2 mi |
| 1630 E ADAMS Street, Phoenix, AZ 85034 | Aug 3, 2026 | 2 bd · 728 sqft | $289,900 | 0.3 mi |
| 1438 E Jackson Street, Phoenix, AZ 85034 | Aug 1, 2026 | — | $46,750 | 0.3 mi |
| 414 N 13TH Place, Phoenix, AZ 85006 | Aug 18, 2026 | 3 bd · 1,213 sqft | $445,500 | 0.3 mi |
| 377 N 15TH Street, Phoenix, AZ 85006 | Sep 21, 2026 | 8 bd | $550,000 | 0.3 mi |
| 329 N 17TH Drive, Phoenix, AZ 85007 | Jun 25, 2026 | 4 bd | $505,000 | 0.4 mi |
MLS timeline
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
Continue comparing
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
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