1947 E RAYMOND Street, Phoenix, AZ 85040, Phoenix AZ 85040
*AFFORDABLE DUPLEX PRICED THOUSANDS BELOW MARKET!* Excellent opportunity for an owner-occupant or investor. Each unit features **2 bedrooms, 2 baths and a private garage**. Both units are currently occupied on a month-to-month basis, providing flexibility for a buyer who wants to **live in one unit and rent the other--potentially reducing monthly housing costs substantially!** FHA, VA and down-payment-assistance buyers welcome. Investors benefit from existing rental income with a **6%+ estimated return** and tenants willing to extend their leases if desired. Property has been self-managed by t
CloseDaily local analysis
Facts and context beyond the MLS description
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
How this property compares in Phoenix
This property is grouped with the current 4-bedroom homes in Phoenix. Its asking price falls near the 31st percentile of that active group. The comparison uses 1,620 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
Recent sold homes near this property
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 $332,500, and the median is $227 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 |
|---|---|---|---|---|
| 1911 E WARNER Street, Phoenix, AZ 85040 | Sep 30, 2026 | 6 bd | $482,600 | 0.1 mi |
| 1946 E JONES Avenue, Phoenix, AZ 85040 | Apr 30, 2026 | 6 bd | $375,000 | 0.1 mi |
| 1707 E ILLINI Street, Phoenix, AZ 85040 | Sep 28, 2026 | 2 bd · 1,080 sqft | $245,000 | 0.3 mi |
| 4228 S 19TH Place, Phoenix, AZ 85040 | Apr 10, 2026 | 4 bd · 1,232 sqft | $290,000 | 0.4 mi |
| 1728 E WOOD Street, Phoenix, AZ 85040 | Aug 7, 2026 | 5 bd | $488,000 | 0.4 mi |
| 4230 S 20th Place 9, Phoenix, AZ 85040 | Sep 25, 2026 | — | $120,000 | 0.4 mi |
| 2014 E BROADWAY Road, Phoenix, AZ 85040 | Aug 18, 2026 | 6 bd | $585,000 | 0.4 mi |
| 2234 E WOOD Street, Phoenix, AZ 85040 | Aug 19, 2026 | 3 bd · 979 sqft | $202,000 | 0.5 mi |
MLS timeline
Price and status history
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.
- $416,900 · Pending
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Similar active homes in Phoenix
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