1947 E RAYMOND Street, Phoenix AZ 85040
$416,900 · Active Under Contract
Brokerage: Ivy Realty(623) 299-4954
1 / 4Home facts
- Price
- $416,900
- Status
- Active Under Contract
- Beds
- 4
- Baths
- 4
- Year built
- 2020
- Type
- F
- Pool
- No
- Water
- City Franchise
- Sewer
- Sewer - Public
- Subdivision
- PROGRESS PLACE
- MLS #
- 7074366
Listed by RE/MAX Excalibur · 480-355-3500
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
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.
Features
Roof
Composition
Sewer
Sewer - Public
Cooling
Central Air, Ceiling Fan(s), Electric
Heating
Central, Electric
Electric
SRP
Flooring
Tile
WaterSource
City Franchise
ParkingFeatures
Attached Garage, 1 Space/Unit
CommunityFeatures
See Remarks
ConstructionMaterials
Wood Frame, Painted, Stucco
Map
Price and status history
| Date | Change | From → To |
|---|---|---|
| Sep 2, 2026 | Status | Coming Soon → Active |
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 2242 E CHIPMAN Road | Sep 29, 2026 | $300,000 | 3/1 | 1,036 | Compass |
| 1707 E ILLINI Street | Sep 27, 2026 | $245,000 | 2/1 | 1,080 | H & H Management Inc |
| 4451 S 20TH Street | Sep 10, 2026 | $277,000 | 3/1 | 980 | Opendoor Brokerage, LLC |
| 2336 E MARGUERITE Avenue | Sep 7, 2026 | $460,000 | 4/3 | 1,961 | Keller Williams Integrity First Realty |
| 1951 E MARGUERITE Avenue | Aug 27, 2026 | $325,000 | 3/2 | 1,364 | Good Oak Real Estate |
| 4618 S 23RD Place | Aug 27, 2026 | $461,999 | 5/3 | 2,116 | Keller Williams Integrity First Realty |
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:32 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).