Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, an
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 grouped with the current five-or-more-bedroom homes in Phoenix. Its asking price falls near the 69th percentile of that active group. The comparison uses 693 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 $125,000, and the median is $148 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 |
|---|---|---|---|---|
| 2724 W MCLELLAN Boulevard 119, Phoenix, AZ 85017 | Aug 3, 2026 | 2 bd · 986 sqft | $180,000 | 0.2 mi |
| 2629 W OCOTILLO Road 3, Phoenix, AZ 85017 | May 18, 2026 | 2 bd · 880 sqft | $130,000 | 0.3 mi |
| 2808 W LAWRENCE Road, Phoenix, AZ 85017 | Apr 3, 2026 | 2 bd · 1,540 sqft | $295,000 | 0.3 mi |
| 2827 W CAVALIER Drive, Phoenix, AZ 85017 | Apr 20, 2026 | 3 bd · 1,335 sqft | $216,000 | 0.4 mi |
| 2522 W Ocotillo Road 17, Phoenix, AZ 85017 | May 20, 2026 | — | $95,000 | 0.4 mi |
| 2541 W ROSE Lane A4, Phoenix, AZ 85017 | Sep 21, 2026 | 3 bd · 1,300 sqft | $95,000 | 0.4 mi |
| 2557 W ROSE Lane 204, Phoenix, AZ 85017 | Aug 22, 2026 | 1 bd · 800 sqft | $57,000 | 0.4 mi |
| 2636 W BERRIDGE Lane C-12, Phoenix, AZ 85017 | May 16, 2026 | 2 bd · 850 sqft | $120,000 | 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
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