Capitol Addition Homes under $500,000

Welcome to Capitol Addition, a charming and vibrant subdivision nestled in the heart of Phoenix, Arizona. This delightful community offers an inviting atmosphere that perfectly blends convenience and comfort, making it an ideal choice for families, young professionals, and retirees alike. With its prime location in Maricopa County, residents enjoy easy access to the bustling energy of downtown Phoenix while being surrounded by the serene beauty of the Arizona desert.

Capitol Addition is known for its diverse array of homes, many of which are available for under $500,000. This affordability allows first-time homebuyers and growing families to find their perfect sanctuary without breaking the bank. The neighborhood features a mix of architectural styles, from cozy single-family homes to charming bungalows, each exuding character and warmth. Many properties come with spacious yards, perfect for outdoor gatherings or simply enjoying the beautiful Arizona sunsets.

Living in Capitol Addition means being part of a close-knit community that values connection and engagement. Residents can take advantage of nearby parks, local shops, and restaurants that reflect the unique culture of Phoenix. With excellent schools and a variety of recreational activities just a stone's throw away, families will find everything they need to thrive right at their fingertips.

Whether you're looking for your first home or seeking a peaceful retreat, Capitol Addition offers a wonderful opportunity to embrace the vibrant Phoenix lifestyle while enjoying the comfort of a welcoming neighborhood. 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 ⋅ ACTIVE Status ⋅ 0.16 Acres ⋅ 85009 Zip Code

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 ⋅ ACTIVE Status ⋅ 0.16 Acres ⋅ 85009 Zip Code ⋅ 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 ⋅ ACTIVE Status ⋅ 85009 Zip Code

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 ⋅ ACTIVE Status ⋅ 0.15 Acres ⋅ 85009 Zip Code ⋅ 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 ⋅ ACTIVE Status ⋅ 0.17 Acres ⋅ 85009 Zip Code ⋅ 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 ⋅ ACTIVE Status ⋅ 0.16 Acres ⋅ 85009 Zip Code ⋅ 614 SqFt.

2025 W Madison Street, Phoenix

$285,000

3 Beds ⋅ 2 Baths ⋅ 7071193 MLS ⋅ ACTIVE Status ⋅ 0.16 Acres ⋅ 85009 Zip Code ⋅ 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 ⋅ ACTIVE Status ⋅ 0.16 Acres ⋅ 85009 Zip Code ⋅ 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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