Capitol Addition Homes under $500,000

Welcome to Capitol Addition, a hidden gem nestled in the vibrant heart of Phoenix, Arizona! This charming subdivision is a perfect blend of urban convenience and suburban tranquility, making it an ideal choice for families, professionals, and anyone looking to embrace the Phoenix lifestyle.

Capitol Addition boasts a diverse selection of homes, many available for under $500,000, offering excellent value in a thriving market. These residences often feature modern amenities, spacious layouts, and inviting outdoor spaces perfect for entertaining or relaxing under the warm Arizona sun. Whether you're searching for a cozy bungalow or a family-sized home, Capitol Addition has something to suit every taste and budget.

One of the standout features of this community is its accessibility. With easy access to major highways and public transportation, residents can enjoy a quick commute to downtown Phoenix, where a wealth of dining, shopping, and entertainment options await. For those who appreciate the outdoors, nearby parks and recreational areas provide ample opportunities for hiking, biking, and enjoying the beautiful Arizona landscape.

Capitol Addition is also known for its friendly atmosphere and strong sense of community. Neighbors often come together for local events and gatherings, fostering connections that make this subdivision feel like home.

If you're looking for an affordable yet vibrant place to live in Phoenix, Capitol Addition is the perfect destination. Come explore the possibilities and discover your dream home in this delightful community!

Newest Capitol Addition Homes under $500,000

$290,000

3 Beds ⋅ 2 Baths ⋅ 7089445 MLS

Discover the charm and character of this unique Central Phoenix home featuring 3 bedrooms, 2 bathrooms, and a versatile bonus room! Filled with handcrafted details and distinctive architectural touches, this home offers a warm and inviting atmosphere. The spacious backyard provides endless possibilities for entertaining, outdoor living, or creating your own private retreat and includes a rolling RV gate. Conveniently located just minutes from Downtown Phoenix, with easy access to I-10 and I-17, shopping, dining, entertainment, and major event venues. With its unique character, generous outdoor space, and prime central location, this home is full of potential. Don't miss this opportunity!

2133 W Monroe Street, Phoenix

$389,900

3 Beds ⋅ 2 Baths ⋅ 7086126 MLS

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 with stable tenants and great cash flow located blocks from the state capitol and near downtown Phoenix. 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

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

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

2025 W Madison Street, Phoenix

$285,000

3 Beds ⋅ 2 Baths ⋅ 7071193 MLS

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

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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