1612 S 5th St

Phoenix AZ 85004

1232 sq. ft.

6335 sq. ft.

Single-Family

Last sold for $205,000

Jose Reyes Alvarez, last sold this property on 19 May 2026 after 16 days on market.

Overview

Investor opportunity in central Phoenix priced at approximately 52% of ARV. Listed at $250,000 with a projected ARV of $475,000, this property offers a $225,000 equity spread before rehab and sits well below the 70% rule of thumb most flippers target. The spread is intentional and reflects the scope of work remaining. The home is currently configured as a 2 bed 1 bath with an additional bedroom and bathroom that has been closed off from the main living area. Previous renovations got fairly far along with electrical work but the project is unfinished. There is no HVAC system in place, so a full install with ductwork should be factored into rehab. Most of the home is opened up to framing, giving the next buyer a clean canvas to design around their exit strategy rather than working through finished surfaces. The highest leverage play here is a roughly 400 square foot addition between the front and rear sections of the home to create a true central living room. That converts the property into a proper 3 bed 2 bath layout with normal flow, which is what retail buyers in this price bracket consistently pay for. This is the path to the $475K ARV. The strongest hidden edge on this property is the backyard. The seller installed a higher end pool a few years ago and based on a review of recent comparable sales in the area, no comps under 500k have pools. That is a meaningful differentiator on the resale side and a feature retail buyers in Phoenix consistently pay a premium for, especially in this price bracket. This is a project, not a paint and carpet flip. The numbers work because the price reflects the scope. For the right investor with a contractor lined up, the combination of a 52% ARV entry, a framing-level canvas, an addition opportunity, and a pool that none of the comps have is the kind of setup that does not come around often in this market. Serious inquiries only. Proof of funds required.

Features

3 bedrooms

2 bathrooms

1 carspace

1 carport space

1232 sq. ft. floor area

6335 sq. ft. lot size

Single-Family

Estimated Value

We need at least 3 similar 3 bedroom single-family properties sold in Phoenix over the last 12 months.

Property history for 1612 S 5th St

2026

Sold

$205,000

19 May 2026 by Jose Reyes Alvarez, of RETSY

2018

Sold

$150,000

01 Aug 2018 by Lauren Rosin, of West USA Realty

2018

Sold

$150,000

31 Jul 2018 by Lauren Rosin, of West USA Realty

Happy sellers in Phoenix

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