1947 E Raymond Street, Phoenix, AZ 85040

Phoenix
Local realty services provided by:Success Property Brokers ERA Powered
1947 E Raymond Street,Phoenix, AZ 85040
$416,900
  • 4 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: dean selvey
Office: re/max excalibur
MLS#:7074366
Source:ARMLS

Price summary

  • Price:$416,900

About this home

*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 the builder/seller. Some minor cosmetic updating and repairs would restore the property's shine and provide an opportunity to add value. Affordable multifamily ownership with income already in place.

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Home facts

  • Year built:2020
  • Subdivision & Development:PROGRESS PLACE
  • Listing ID #:7074366
  • Updated:October 20, 2026 at 03:09 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Flooring:Tile

Heating and cooling

  • Cooling:Ceiling Fan(s), Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Year built:2020
  • Construction Materials:Painted, Stucco

Schools

  • High school:South Mountain High School
  • Middle school:Percy L Julian School
  • Elementary school:Percy L Julian School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$416,900
  • Tax amount:$3,491 (2025)

Parking

  • Total parking spaces:6
  • Parking description:1 Parking Space/Unit
  • Garage:Yes
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. ARMLS Member Broker: Byron Short

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