1716 W HADLEY Street
Phoenix, AZ, 85007 $ 470,000
Baths0.0 Monthly Estimate*
$ 2,894
Studio for $470,000. This home was built in 1948.
No vacancies in 5 years! Two Homes on One Lot. Rent out one unit and live for free! Welcome to a rare and elegant dual-home opportunity in the rapidly growing Central City area of Phoenix. This exceptional property features two complete, fully renovated homes on one spacious lot, generating $3,767 in gross monthly rent and offering unmatched versatility for investors, multi-generational families, or owner-occupiers seeking rental income potential. Current leases expire 7/31/2026 and 1/31/2027, providing excellent timing to implement your desired strategy. Nestled on a spacious newly steel-fenced and gated lot, this rare offering combines modern comforts, excellent income potential, and walkable access to downtown dining, culture, and sports venues. The front home is a gorgeously remodeled 2-bed, 1-bath residence with abundant living space, featuring a spacious living room with French doors for elegant privacy, a large open kitchen with full-sized stainless steel gas stove, microwave, dishwasher, French-door refrigerator, and butcher block countertops complemented by beautiful tile work. The home boasts an updated tiled shower, luxury vinyl plank flooring, and modern lighting fixtures throughout. A separate laundry room includes an individual full-sized front-loading washer and dryer, while the exterior offers a 2-car covered carport, 2-car driveway, and extended covered back patio with built-in BBQ. The rear home is an equally stunning 2-bed, 1-bath remodeled residence with beautiful kitchen features including butcher block countertops, digital range, built-in microwave, refrigerator, Shaker cabinets, and modern shelving. The bathroom showcases a lovely tiled shower surround with basin sink and high-arc spray faucet, while the living room features an elegant chandelier. Newer windows throughout provide excellent energy efficiency, low-profile light fixtures grace the bedrooms, and a full-size washer and dryer are included. The private fenced backyard is perfect for pets, with off-street private parking for two vehicles. Both homes were renovated in 2021 and are separately metered and fully self-sufficient with independent utilities. With quick access to I-10 and I-17 freeways and Sky Harbor Airport less than 15 minutes away, commuting is effortless. This prime location in one of Phoenix's most strategic neighborhoods offers no HOA restrictions, giving you complete freedom for how you use the space. Whether you're a savvy investor capitalizing on Phoenix's hot rental market or a homeowner seeking flexibility and rental income, this rare dual-home property on one lot represents an exceptional value with huge upside potential. DRIVE-BY ONLY; please do not disturb tenants. Walkthroughs available only with accepted offers. Buyer to verify all information.
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FeaturesGeneralSewer Public Sewer
Heating Electric
Cooling Ceiling Fan(s) Electric
Roof Composition
Zoning R-3
Construction Materials Brick Veneer Wood Frame Stucco Block
Year Built 1948
Electric APS Individual Meter
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 45204.0
Community Features No Pool
County Maricopa
Net Operating Income 0.0
Operating Expense 522.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name NORTH GRIER PLACE
Garage Y/N N
Status Active
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 2.0
Number Of Units Total 2
Carport Y/N N
Tax Annual Amount 522.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Phoenix Elementary District
Tax Lot 20
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
New Financing: VA True
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InteriorFlooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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ExteriorParking Features Off Street Attached Carport RV Access/Parking >1 Space Per Unit Carport
Water Source Master Meter
Total Parking 4.0
Number of Buildings 2
Spa N
Lot Dimensions 52.50' X 127'
Road Surface Type Asphalt
Covered Spaces 2.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList Byarirealtygroup@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,894
- Monthly Property Taxes
- $44
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Phoenix, AZ
Average List Price $1,210,542
Percent of Sale Price 158%
About Phoenix, AZ 1,596,463 Population
20% Since 2002
$ 51,132 Median Income
34.66 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
4327165 Elementary School
4327058 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/8/2026 | $470,000 | | Listed Price |