No photo available
$370,000
Property Description
Vacant investor special and fixer-upper with huge upside! This red brick property offers a rare value-add opportunity near Downtown Phoenix. The main home is set up as a 5 bed / 5 bath layout, ideal for a PadSplit / co-living strategy or a strong rental hold once renovated. There's also an approx. 700 sq ft casita that can be finished and rented separately for additional income. Projected rents are around $1,000 per bedroom in the main house plus ~$1,500/month for the casita, for an estimated $6,500/month total potential. Seller is motivated and is looking for a cash offer with a quick close. Located minutes from Downtown Phoenix with easy access to major freeways, jobs, dining, nightlife, and entertainment.
Full Property Details
Full Property Details for 1002 W Polk St
General
- Sold For: $370,000
- Taxes: $590 (2025)
- Status: Closed
- Type: Single Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7065796
- Added to Site: 7 day(s) ago
Interior
- Interior Features: Full Bth Master Bdrm
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: None
Location
- County: Maricopa
- Township: 1N
- Subdivision: UNIVERSITY ADDITION
Community
- Assoc. Fees Include: No Fees
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: None
Utilities
- Water: City Water
Structural Information
- Builder: na
- Exterior Const.: Cement Siding, Block
- Roof: Composition
- Sq. Ft. Source: Assessor
- Year Built: 1906
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,250
- Lot Size Source: Assessor
- Lot Features: Dirt Front, Dirt Back
- Fencing (Description): Front Yard, Back Yard
Financial Considerations
- Tax Amount: $590
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Ownership: Fee Simple
- Legal Description: UNIVERSITY
- Property ID: 111-28-157
- Range: 3E
- Section: 6
- Lot Number: 31 P
Listed by Realty ONE Group
Sold by ARRT of Real Estate
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Schools
Schools serving 1002 W Polk St
School Districts:Phoenix Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Kenilworth Elementary School 1210 North 5th Avenue, Phoenix, AZ 85003 | PK-8 | 0.7 mi |
Central High School 4525 North Central Avenue, Phoenix, AZ 85012 | 9-12 | 3.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1002 W Polk St
Date
Details
Price
Change
Source
8/12/2026
Price Increased
$390,000
5.41%
MLS
8/12/2026
Sold
$370,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1002 W Polk Street, Phoenix, AZ 85007 (MLS# 7065796) is a Single Family property that was sold at $370,000 on August 12, 2026. Want to learn more about 1002 W Polk Street? Do you have questions about finding other Single Family real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.
