85012 Homes under $500,000

Welcome to the vibrant heart of Phoenix, Arizona, where the 85012 zip code offers a unique blend of urban convenience and neighborhood charm. Nestled in Maricopa County, this area is a hidden gem for homebuyers seeking affordable options in a dynamic city. With a diverse selection of homes under $500,000, 85012 presents an excellent opportunity for first-time buyers, families, and anyone looking to embrace the Phoenix lifestyle without breaking the bank.

The 85012 zip code boasts a rich tapestry of culture and community. Residents enjoy easy access to local parks, trendy cafes, and eclectic shops that reflect the artistic spirit of Phoenix. The nearby historic districts are perfect for leisurely strolls, while the bustling downtown area offers a plethora of dining and entertainment options. For those who love the great outdoors, the proximity to hiking trails and scenic vistas ensures that adventure is always just around the corner.

Homes in this area typically feature a mix of charming bungalows and modern builds, often showcasing Southwestern architecture and inviting outdoor spaces. With a budget-friendly price tag, buyers can find properties that offer both comfort and character. Whether you’re looking for a cozy starter home or a spacious family residence, the 85012 zip code has something for everyone.

Explore the possibilities of homeownership in Phoenix’s 85012 today, where affordability meets convenience, and every day feels like a new adventure. Your dream home is waiting!

Newest 85012 Homes under $500,000

$449,500

2 Beds ⋅ 2 Baths ⋅ 7091637 MLS ⋅ ACTIVE Status ⋅ 0.03 Acres ⋅ 85012 Zip Code

Rarely available corner residence at One Lexington, offering sweeping panoramic views, walls of floor-to-ceiling glass, and an abundance of natural light from its coveted corner position. Located in the heart of Midtown Phoenix, this stylish 2bed, 2 bath home combines sophisticated high-rise living with an open, modern floor plan designed to showcase the surrounding cityscape. Warm wood flooring flows through the main living areas, complemented by contemporary kitchen cabinets, neutral finishes, and sophisticated accent walls. The spacious primary suite features an en-suite bath and generous walk-in closet, while expansive windows create a bright, airy feel throughout. One Lexington offers a true lock-and-leave lifestyle with resort-style amenities including a heated pool and spa, fitness center and yoga space, resident lounge, concierge service, secured entry and parking, BBQ areas, and a private dog run. Ideally located along Central Avenue, just steps from the light rail and minutes from Park Central, Downtown Phoenix, dining, shopping, arts, entertainment, and some of the Valley's major medical and employment centers. Urban living, elevated. ***SELLER WILL PAY UP TO 6% IN CONCESSIONS TO BUYER - SUBJECT TO LENDER APPROVAL.

1 E Lexington Avenue Unit 410, Phoenix

$118,000

1 Beds ⋅ 1 Baths ⋅ 7087010 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85012 Zip Code ⋅ 702 SqFt.

This 1-bedroom, 1-bath condo is located inside the iconic Landmark Towers and offers beautiful city and mountain views right from your own home. Enjoy high-rise living with an impressive list of community amenities, including a year-round heated pool, fitness center, rooftop lounge with panoramic Phoenix views, private movie theater, resident lounge, library/game room, 24-hour concierge, and secured underground parking. Conveniently located along Central Avenue with easy access to the light rail, dining, shopping, and entertainment, this condo offers a great combination of comfort, convenience, and city living.

4750 N Central Avenue Unit 3N, Phoenix

$452,500

2 Beds ⋅ 2 Baths ⋅ 7085423 MLS ⋅ ACTIVE Status ⋅ 0.03 Acres ⋅ 85012 Zip Code

Low maintenance urban high-rise living at the center of the city's best culture, dining, and nightlife. Luxurious 2 bed 2 bath corner unit. Expansive floor-to-ceiling windows flood the open floor plan with natural light showcasing views of Camelback Mountain and the Valley. Exposed ductwork, contemporary finishes deliver a clean, modern loft feel. Exceptional amenity package feature 24/7 Secured Concierge Entrance, heated saltwater pool & spa, 2 reserved garage spaces, fitness center, lounge, dog run. Hop on the Metro Light Rail outside front door for a seamless ride to Downtown. Minutes from professional sports venues, higher education hubs - ASU Downtown Campus and Carrington University Health Campus; Heard Museum, hundreds of top-rated restaurants, coffee shops, and entertainment ASU's Downtown campus, and major employment centers. Nearby light rail makes exploring the city and commuting even easier. Enjoy sophisticated high-rise living with incredible views, thoughtful amenities, and the best of Phoenix just outside your door.

1 E Lexington Avenue Unit 503, Phoenix

$159,000

1 Beds ⋅ 1 Baths ⋅ 7081478 MLS ⋅ ACTIVE Status ⋅ 0.01 Acres ⋅ 85012 Zip Code ⋅ 702 SqFt.

Incredible price reduction! Enjoy the best of city life while living in this vibrant community in North Central Phoenix. The amenities of Landmark Towers include a heated pool, workout room, residential center, library, theater room and skydeck.. 24 hour concierge. This beautiful, south facing unit offers an airy kitchen with recently installed custom cabinetry and all new appliances. Newer luxury vinyl flooring installed. A recently installed ventilation system vents to the outside of the building. Great air circulation throughout the unit. Cold a/c and very hot water! Oh, and the city views! A wonderful full time or vacation home. Some furnishings convey. Owner occupancy only, no rentals allowed. Seller is a licensed real estate agent in the state of AZ.

4750 N Central Avenue Unit 11G, Phoenix

$249,000

2 Beds ⋅ 1 Baths ⋅ 7079138 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85012 Zip Code ⋅ 980 SqFt.

Fabulous 15th floor, with views that go on forever! 2-bedroom, 1-bath condo captures amazing north-facing views of the valley. Expansive windows fill the space with natural light. Ideally located in the heart of Central Phoenix, with convenient access to the light rail, Uptown Plaza, and a wide selection of dining, shopping, and entertainment options. Residents of Landmark Tower enjoy a full suite of amenities, including two parking spaces in the secure garage, fitness center, pool, rooftop deck, community room, library, and more.

4750 N Central Avenue Unit K15, Phoenix

3131 N Central Avenue Unit 5002, Phoenix

$425,000

2 Beds ⋅ 2 Baths ⋅ 7077070 MLS ⋅ ACTIVE Status ⋅ 0.03 Acres ⋅ 85012 Zip Code ⋅ 1,109 SqFt.

Welcome to unit 5002 at the Edison! A meticulously maintained unit that has had a number of upgrades & high ticket items brought up to date recently. Views of the pool from your tiled balcony off your living space brings in serene vibes in the middle of Midtown- a perfect retreat while still being steps, a train ride, or short car ride away from anything you could want to do! Bring your swimsuit & workout clothes because this fantastic condo also comes with a TWO story gym complete with everything you'll need for a great workout. A fantastic pool for hanging out or doing laps in. The community also features grills, a fireplace off the pool, fire pit, and much more!

3131 N Central Avenue Unit 5002, Phoenix

3131 N Central Avenue Unit 4001, Phoenix

$439,000

1 Beds ⋅ 2 Baths ⋅ 7075992 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85012 Zip Code

Investment opportunity in the heart of Midtown Phoenix! This tenant-occupied corner residence at Edison Midtown offers 1 bedroom, 2 bathrooms, a spacious office/den, and an open-concept layout. The interior features 10-foot ceilings, hardwood and tile flooring, remote-controlled motorized shades, and abundant natural light. The kitchen is equipped with sleek white cabinetry, quartz countertops, a black subway tile backsplash, stainless steel appliances, a gas range, and a large island that opens to the living and dining areas. The dedicated office/den features corner windows with city views down Central Avenue, creating an ideal work-from-home space. The spacious primary suite includes two closets and an ensuite bathroom with a walk-in shower and floating vanity, while a full guest bathroom adds convenience. A private balcony off the living area overlooks the city, and the unit also includes a full-size washer and dryer, storage, and assigned gated garage parking. Residents of Edison Midtown enjoy access to a 2,000-square-foot fitness center, heated pool with a 50-foot lap lane, spa, outdoor kitchen and grilling areas, lounge spaces, and additional community amenities. Located near Park Central, St. Joseph's Hospital, Creighton University, the Central Avenue light rail, Downtown Phoenix, restaurants, shopping, entertainment, and major employment centers, this property offers a strong combination of location, amenities, and long-term rental appeal. Tenant occupied. Existing tenant will remain in place and tenant rights apply. Please do not disturb tenant.

3131 N Central Avenue Unit 4001, Phoenix

$149,900

2 Beds ⋅ 1 Baths ⋅ 7072712 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85012 Zip Code ⋅ 980 SqFt.

Fantastic opportunity to own this 2-bedroom apartment unit in Landmark Towers! You'll be delighted by the bright, open layout with high ceilings, crown moulding, a soothing palette, and attractive wood-look flooring. The well-appointed kitchen features granite counters, a subway tile backsplash, wood cabinetry, and sleek stainless steel appliances for a seamless culinary experience. Both bedrooms include balcony access and built-in closets with mirrored doors that enhance the sense of space. Spend quiet evenings on the charming balcony, which offers mountain and city light views, perfect for dining al fresco or refreshing drinks. Don't miss out on your chance to own this one!

4750 N Central Avenue Unit 3A, Phoenix

$119,900

1 Baths ⋅ 7067696 MLS ⋅ ACTIVE Status ⋅ 0.01 Acres ⋅ 85012 Zip Code

8th-floor studio at Landmark Towers, reduced to $119,900. It comes furnished. Floor-to-ceiling windows look out on Camelback, Piestewa, and the North Mountains, with electronic shades and an oversized balcony. Updated about six years ago. Still move-in ready. Full kitchen, updated bath, space-saving built-ins, and a Murphy bed. Your own washer and dryer, rare here. Building laundry too. One assigned space in the secured garage. HOA includes A/C, heat, water, trash, and Wi-Fi. 24/7 concierge, heated pool, fitness center, 18th-floor sky lounge, library, media and billiards, resident lounge, and secure parking. Light rail is steps away. Midtown and Downtown are minutes out. The seller may refinish the epoxy floors before closing, or give a $2,000 credit. The refinish estimate is $1,6 Landmark Towers offers an exceptional array of amenities including 24/7 concierge service, heated pool, fitness center, 18th-floor sky lounge with panoramic Valley views, library/business center, media room, billiards room, resident lounge, secure parking and community laundry facilities. Conveniently located along the light rail with easy access to Downtown Phoenix, restaurants, shopping and entertainment. Unit features the added convenience of its own in-unit washer/dryer--an uncommon and highly desirable feature within the building. **FLOORING OPTION:** Seller will have the epoxy floors professionally refinished prior to closing OR provide Buyer up to a $2,000 credit, allowing Buyer to select their preferred color and finish.

4750 N Central Avenue Unit 8L, Phoenix

$195,000

2 Beds ⋅ 1 Baths ⋅ 7065856 MLS ⋅ ACTIVE UNDER CONTRACT Status ⋅ 0.02 Acres ⋅ 85012 Zip Code ⋅ 980 SqFt.

Discover elevated urban living from the 14th floor of the iconic Landmark Towers in the heart of Uptown Central Phoenix. This desirable 2-bedroom corner residence combines classic mid-century architecture with an abundance of natural light and impressive views across the city and surrounding mountains. Expansive sliding glass doors create a bright, airy atmosphere and open to two private balconies, offering multiple outdoor spaces to enjoy your morning coffee, unwind in the evening, and take in the beautiful Arizona scenery from high above the city. Inside, tile flooring flows throughout the main living areas, with comfortable flooring in the bedrooms, while the kitchen features quartz countertops, stainless steel appliances, and ample cabinetry. Generous storage throughout adds to the home's everyday functionality. Landmark Towers offers an impressive collection of amenities, including a heated pool, fitness center, rooftop sky lounge and deck, community room with kitchen, library, secured garage parking, and 24-hour front desk service. HOA dues currently include Internet, heating, cooling, water, sewer, and trash, providing a comprehensive range of included services for residents. Ideally located along Central Avenue, just moments from some of Uptown Phoenix's favorite restaurants, shopping, entertainment, and the light rail, this residence offers an exceptional combination of convenience, character, and high-rise living-all with a spectacular 14th-floor perspective.

4750 N Central Avenue Unit 14A, Phoenix

6502 N Central Avenue Unit C 103, Phoenix

$299,000

2 Beds ⋅ 2 Baths ⋅ 7064323 MLS ⋅ ACTIVE Status ⋅ 0.03 Acres ⋅ 85012 Zip Code

Exceptional value! THIS WILL BE GONE. Best value on Central! HOA includes A/C, Water, Cable & High Speed internet. This is one of Phoenix's most iconic Mid-Century landmarks. This rare one level home offers the perfect blend of vintage soul and sophisticated design. This 2 bedroom , 2 bath home features an updated kitchen and baths, ample storage and inside laundry. Open design floorplan. life here feels like your living in a boutique resort. Oversized pool and stylish clubhouse perfect for entertaining. The home just painted. This will not last at this price.

6502 N Central Avenue Unit C 103, Phoenix

$499,900

2 Beds ⋅ 2 Baths ⋅ 7063580 MLS ⋅ ACTIVE Status ⋅ 0.03 Acres ⋅ 85012 Zip Code ⋅ 1,126 SqFt.

Wonderful 6th floor condo in the resort style condo complex of One Lexington. Upon entry you will see the incredible views on Central Avenue through the two walls of windows. Kitchen is upgraded with BOSCH appliances, great pantry, and the entire unit has new luxury vinyl flooring, along with new HVAC and Refrigerator all replaced within the past few years. Includes full size washer and dryer in unit, and 75'' 8K Samsung TV W/ Harmon Kardon Speaker Bar. Complex has it all from concierge desk, secured entry/parking, community lounge, workout facility, heated saltwater pool/spa, outdoor BBQ area, and dog runs for your furry friends. HOA includes AC, hot and cold water and much more. Steps from the light rail with easy access to downtown, entertainment, sporting, museums, dining and more

1 E Lexington Avenue Unit 609, Phoenix

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