1947 E Raymond Street, Phoenix, AZ 85040

Phoenix
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
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:September 28, 2026 at 03:33 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.

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