Prime opportunity in the heart of Downtown Phoenix. This fully remodeled 3-bedroom, 2-bath property sits in the middle of the business district and carries powerful zoning: County C-DT (Commercial Downtown 100%) and City DTC-Central Park (Downtown Code). Live in it, lease it, convert it, or develop it -- the flexibility here is rare.
Inside, you'll find upgraded white shaker cabinetry, quartz-style counters, stainless steel appliances, modern fixtures, wood-look tile flooring throughout, and clean contemporary finishes. The open kitchen flows into the living area, creating a functional layout ideal for residential or office use.
Outside offers serious usability: extended paver drive, covered carport, detached shade structure, and a large backyard with patio space perfect for additional p
Pending
$450,000
737 S 1st Street, Phoenix, AZ 85004
3beds
1,200sqft
Single Family Residence
Built in 1991
6,810 Square Feet Lot
$-- Zestimate®
$375/sqft
$-- HOA
What's special
- 27 days
- 22
- 0
Zillow last checked:
Listing updated:
Listed by:
Jose G Reyes 602-290-4747,
HomeSmart
Source: ARMLS,MLS#: 6987262

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Gas Range
- Laundry: Gas Dryer Hookup
Features
- Eat-in Kitchen, 3/4 Bath Master Bdrm
- Flooring: Tile
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,200
- Total interior livable area: 1,200 sqft
Property
Parking
- Total spaces: 3
- Parking features: Rear Vehicle Entry
- Uncovered spaces: 3
Features
- Stories: 1
- Spa features: None
- Fencing: Perimeter
- Has view: Yes
- View description: City
Lot
- Size: 6,810 Square Feet
- Features: Desert Back, Desert Front, Dirt Back
Details
- Parcel number: 11225024
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco, Wood Frame
- Roof: Composition
Condition
- Year built: 1991
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water
Community & HOA
Community
- Features: Near Light Rail Stop
- Subdivision: CENTRAL PARK PLACE
HOA
- Has HOA: No
- Services included: No Fees
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $375/sqft
- Tax assessed value: $264,300
- Annual tax amount: $602
- Date on market: 8/7/2026
- Cumulative days on market: 26 days
- Listing terms: Cash,FannieMae (HomePath),Conventional,VA Loan
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 2/23/2026 | Pending sale | $450,000$375/sqft |
Source: | ||
| 2/20/2026 | Listed for sale | $450,000+1693.5%$375/sqft |
Source: | ||
| 8/10/1995 | Sold | $25,091$21/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $602 +6.7% | $26,430 -3% |
| 2024 | $564 +1% | $27,250 +531.2% |
| 2023 | $559 +4% | $4,317 -76% |
| 2022 | $537 -1.5% | $17,960 +36.3% |
| 2021 | $546 0% | $13,180 +12.6% |
| 2020 | $546 +1.8% | $11,700 +29.7% |
| 2019 | $536 | $9,020 -2.2% |
| 2018 | $536 +3.7% | $9,220 +30.2% |
| 2017 | $517 +12.9% | $7,080 +5.5% |
| 2016 | $458 -1.7% | $6,710 +33.4% |
| 2015 | $465 | $5,030 +39.7% |
| 2014 | -- | $3,600 +43.4% |
| 2013 | -- | $2,510 |
| 2012 | -- | $2,510 -24.6% |
| 2011 | -- | $3,330 -55.2% |
| 2010 | -- | $7,430 -49.3% |
| 2009 | -- | $14,650 +11.4% |
| 2008 | -- | $13,150 +28.3% |
| 2007 | -- | $10,250 +32.3% |
| 2006 | -- | $7,750 |
| 2005 | -- | $7,750 +19.2% |
| 2004 | -- | $6,500 |
| 2003 | -- | $6,500 +14% |
| 2002 | -- | $5,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Central City
Nearby schools
Schools provided by the listing agent
- Elementary: Lowell Elementary School
- Middle: Phoenix #1 iAcademy
- High: Phoenix Union-Wilson College Preparatory
- District: Phoenix Elementary District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




