Capitol Addition Homes under $500,000

Welcome to Capitol Addition, a hidden gem nestled in the vibrant heart of Phoenix, Arizona. This charming subdivision offers a perfect blend of urban convenience and suburban tranquility, making it an ideal choice for families, professionals, and first-time homebuyers alike. With its tree-lined streets and friendly neighborhood vibe, Capitol Addition invites you to experience the warmth of community living.

One of the standout features of this delightful area is the availability of homes under $500,000. Here, you’ll find a diverse selection of properties that cater to various tastes and lifestyles. From cozy single-family homes to inviting townhouses, each residence boasts unique character and modern amenities, ensuring you find the perfect place to call home without breaking the bank.

Capitol Addition is conveniently located near major highways, providing easy access to downtown Phoenix and all the excitement it has to offer—think trendy restaurants, vibrant nightlife, and cultural attractions. Additionally, residents can enjoy nearby parks, schools, and shopping centers, making daily life a breeze.

Whether you’re looking to invest in your first home or seeking a peaceful retreat in the heart of the city, Capitol Addition is a wonderful choice. With its affordable housing options and welcoming community spirit, this subdivision is more than just a place to live; it's a place to thrive. Discover the charm of Capitol Addition today, and let your dream home become a reality in this beautiful Phoenix neighborhood!

Newest Capitol Addition Homes under $500,000

$389,900

3 Beds ⋅ 2 Baths ⋅ 7086126 MLS ⋅ 1,340 SqFt.

Welcome to this lovely light and bright home located close downtown phoenix, easy access to the I-17. This home boasts 3 bedroom, 2 baths with a 2 car garage that could also be transformed into a ADU, either for added income or more space for the family. This home has been painted inside and out, freshly laid vinyl flooring throughout, water heater installed in 2026. Stop by and take a look at your new home

2110 W Washington Street, Phoenix

$499,000

6 Beds ⋅ 3 Baths ⋅ 7085899 MLS

Fully occupied tri-plex located near downtown Phoenix with stable tenants and great cash flow ($3400 per month)! The property consists of three 2 bedroom, 1 bathroom units; 2 of the units have been remodeled. Other updates/upgrades include: new roof (2022), new backyard fencing, new water heater and new windows for unit 2015; new electrical panel for unit 2013. The 3 units are located on a spacious 14,000 square foot lot with a gated yard for each unit. Tenants pay for electric; owner pays for water and trash. Property is a corner lot located near the state capitol with easy access to both I-10 and I-17. Come check out this great, cenrally located, income producing property!

2013 W Adams Street, Phoenix

$239,000

2 Beds ⋅ 1 Baths ⋅ 7084688 MLS ⋅ 800 SqFt.

Fix & Flip | Income-Producing Property | Development Opportunity 2BD/1BA single-family home currently generating $1,500/month and a studio generation $950/month in rental income. The property is zoned R-3 Multifamily Medium Density, offering potential for an ADU or future development of 2-4 units, subject to zoning and city approval. Owner is also selling adjacent property. See listing. Buyer to independently verify all facts, figures, zoning, development potential, and property information. Drive-by only. Please do not disturb the tenants.

2109 W Monroe Street, Phoenix

$239,000

3 Beds ⋅ 2 Baths ⋅ 7084668 MLS ⋅ 1,127 SqFt.

Fix & Flip | Income-Producing Property | Development Opportunity 3BD/2BA single-family home currently generating $1,750/month in rental income. The property is zoned R-3 Multifamily Medium Density, offering potential for an ADU or future development of 2-4 units, subject to zoning and city approval. Owner is also selling adjacent property. See listing. Buyer to independently verify all facts, figures, zoning, development potential, and property information. Drive-by only. Please do not disturb the tenants.

2113 W Monroe Street, Phoenix

$185,000

2 Beds ⋅ 1 Baths ⋅ 7084391 MLS ⋅ 614 SqFt.

2025 W Madison Street, Phoenix

$220,000

2 Beds ⋅ 2 Baths ⋅ 7079408 MLS

Rare Investment Opportunity: Prime Multi-Family Package in Phoenix Unlock exceptional value with this versatile investment opportunity located in central Phoenix. Conveniently positioned with easy access to Downtown Phoenix, I-10, local dining, public transit, and major employment hubs. This property is a brick duplex featuring 2 separate units, each configured as a 1-bed, 1-bath layout with a fireplace. Needs renovation-perfect for investors looking to add value, update finishes, and bring rents up to market rate to maximize monthly cash flow. The adjacent vacant lot (2203 W JEFFERSON ST, Phoenix, AZ 85009), also zoned for multi-family residential (MLS 6871932), is being sold TOGETHER as a package deal. Develop the lot to build additional income-producing units and and expand your ren Develop the adjacent multi-family lot to build additional income-producing units and expand your rental portfolio. Whether you are looking to fix-and-hold for steady passive income or develop the adjoining parcel for maximum yield, this dual-parcel opportunity is built for high returns.

108 S 22nd Avenue, Phoenix

$285,000

3 Beds ⋅ 2 Baths ⋅ 7071193 MLS ⋅ 1,288 SqFt.

Well maintained home. New roof and new cold AC unit. Large living room, kitchen, 2 downstairs bedrooms, a small den or office and bathroom. Upstairs there is a private unit with one bedroom and one half bath. Great starter home that sits on a huge 7000 square foot lot perfect for expanding the home. Next door, 2025 W. Madison is also for sale.

2029 W Madison Street, Phoenix

$455,000

4 Beds ⋅ 3 Baths ⋅ 6982916 MLS ⋅ 1,593 SqFt.

zoning allows for 5 units. beautifully updated.move in ready.owner/agent has never occupied property.no spds/clue available.lots of prking at the front,rear,& side street.owner/agent is an az active licensed realtor/bldr.iron gate with code lock and iron automobile gate w/remote. All new appliances from spencers.reverse osmosis water,all new plumbing fixtures, outlets,and light fixtures. All new Ring security system included. All new flooring.Can add a larger elect alley access gate,exist manual alley gate. Self contained detached 240 sf studio in the backyard.new cabs/quartz cntrtps. Sold in as is condition. Currently, rented at $2150 per month. 12 month lease. Tenant pays all utilities.must honor exist tenants lease until feb 2027

2002 W Adams Street, Phoenix

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