Courtesy of Barrett Real Estate
Property Description
Opportunities like this are genuinely rare in central Phoenix. Situated on a nearly 8,000 square foot lot in the heart of the Encanto neighborhood, this property offers two fully separate homes, a 3-bedroom, 2-bath main house and a 4-bedroom, 2-bath guest house, each with its own living space, garden, kitchen, and entrance. Live in one and let the other help carry the mortgage. House extended family. Or lease both. The lot gives you options that most properties simply cannot. Current tenants are month to month and interested in signing year long leases. Both houses have private fenced yards with their own private grassy outdoor spaces. The front house carries the charm of its 1940 bones while delivering the comfort of a fully updated home, with granite counters, in-unit laundry, and a layout that lives larger than the square footage suggests. The back house 4 bed 2 bath is newly built in 2022 and ready for occupancy with master suite, granite counters, large bedrooms and an open floor family room and kitchen. Two homes. One address. An income stream built in from day one. The location makes both homes remarkably easy to rent and even easier to love. Downtown Phoenix is minutes away, putting Chase Field, Footprint Center, the arts district, and the city’s best restaurants within a short drive or rideshare. Phoenix Children’s Hospital is right around the corner, making this address a natural fit for traveling medical staff or a generational family home. There are so many options to make this property work for you!
Open House
Property Details and Features
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Property Access
- Road Surface: Asphalt
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Appliances & Equipment
- Refrigerator
- Built-In Electric Oven
- Microwave
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Bathrooms
- 4 total bathrooms
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Bedrooms
- 7 total bedrooms
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Building
- Built in 1940
- 2 buildings
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Community
- No Pool
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Cooling
- Ceiling Fan(s)
- Electric
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Disclosures
- None
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Expenses
- Operating: $2,887
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Floors
- Tile
- Laminate
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Income
- Gross Income: $57,570
- Gross ScheduledIncome: $60,600
- Net Operating Income: $57,570
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Listing
- Listing ID: 7037654
- Standard Status: Active
- MLS Status: Active
- 94 days on market
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Location
- Subdivision: GREENFIELD ACRES TRACT 2
- County/Parish: Maricopa
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Lot
- Dimensions: 7900 Sq Ft
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Owner Pays
- Trash Collection
- Water
- Sewer
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Parking
- 2 open parking spaces
- 2 total parking spaces
- On Street
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Schools
- Elementary School: Biltmore Preparatory Academy
- Elementary School District: Creighton Elementary District
- Middle School: Biltmore Preparatory Academy
- High School District: Phoenix Union High School District
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Sewer
- Public Sewer
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Taxes
- Additional parcels description:
- Parcel Number: 117-06-088
- Public Survey Range: 3E
- Public Survey Section: 34
- Annual Amount: $2,887
- Tax Book Number: 117.00
- Legal Description: GREENFIELD AC TR 2 PT LOT 50 N 150′ OF W 150′ EX W 100′ THEREOF
- Lot: 50
- Year: 2025
- Zoning: R3
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Utilities
- Water Source: City Franchise
- APS
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This content last updated on September 6, 2026 4:09AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.