737 S 1st Street, Phoenix, AZ 85004, Phoenix AZ 85004
Prime opportunity in the heart of Downtown Phoenix. This fully remodeled 3-bedroom, 2-bath property sits in the middle of the business district and carries powerful zoning: County C-DT (Commercial Downtown 100%) and City DTC-Central Park (Downtown Code). Live in it, lease it, convert it, or develop it -- the flexibility here is rare. Inside, you'll find upgraded white shaker cabinetry, quartz-style counters, stainless steel appliances, modern fixtures, wood-look tile flooring throughout, and clean contemporary finishes. The open kitchen flows into the living area, creating a functional layout
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 offered at $375 per square foot, compared with a $259 median for active 3-bedroom homes in Phoenix. Its asking price falls near the 61st 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
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 $367,000, and the median is $322 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 |
|---|---|---|---|---|
| 1005 S 2ND Street, Phoenix, AZ 85004 | Jul 7, 2026 | 3 bd · 1,428 sqft | $245,500 | 0.2 mi |
| 906 S 4TH Street, Phoenix, AZ 85004 | Apr 29, 2026 | — · 639 sqft | $375,000 | 0.2 mi |
| 1015 S 1ST Avenue, Phoenix, AZ 85003 | Aug 14, 2026 | 7 bd | $650,000 | 0.2 mi |
| 424 S 2ND Street 306, Phoenix, AZ 85004 | Apr 29, 2026 | 1 bd · 1,114 sqft | $359,000 | 0.3 mi |
| 921 S 3RD Avenue, Phoenix, AZ 85003 | Jul 10, 2026 | 3 bd · 1,027 sqft | $238,000 | 0.3 mi |
| 310 S 4TH Street 607, Phoenix, AZ 85004 | Jul 8, 2026 | 1 bd · 1,074 sqft | $340,000 | 0.4 mi |
| 310 S 4TH Street 1705, Phoenix, AZ 85004 | Apr 15, 2026 | 2 bd · 1,463 sqft | $542,000 | 0.4 mi |
| 310 S 4TH Street 1109, Phoenix, AZ 85004 | May 25, 2026 | 1 bd · 1,149 sqft | $387,723 | 0.4 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.
- $450,000 · Pending
Continue comparing
Similar active homes in Phoenix
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.
View all Phoenix homes for sale · See the Phoenix market report