541 W PALM Lane, Phoenix, AZ 85003 - MLS #6986551

images$899,999 images4 Beds

images3 Bath images2,415 sqft images1940

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Description

WELCOME TO WILLO! Located on the iconic Palm Lane, this rare historic property is zoned multi-family and offers TWO HOUSES! The main house features 3 bedrooms plus an office and 2 bathrooms. Beautiful archways, original niches, and beautiful historic details have been preserved throughout while also being modernized and enhanced with designer details. Large rooms, great storage and a fantastic floor plan with a massive primary suite. As you step outside, you'll discover a large covered patio, beautiful lush green landscaping & a complete SECOND HOME in the backyard with its own kitchen, bathroom, laundry and designated parking. This property is one of a kind and an amazing INVESTMENT opportunity to live in one and rent the other! Walking distance to all your Midtown & Downtown favorites!

Property Features
Special Listing Cond: N/A
Architecture: Contemporary
Master Bathroom: Full Bth Master Bdrm; Double Vanity
Fireplace Features: Fireplace Living Rm
Flooring: Tile; Wood
Spa: None
Community Features: Historic District
Dining Area: Formal
Kitchen Features: Gas Range; Disposal; Dishwasher; Refrigerator; Walk-in Pantry; Quartz Countertops
Laundry: Washer Included; Dryer Included
Exterior Features: Pvt Yrd(s)/Crtyrd(s)
Construction: Brick
Const - Finish: Painted
Roofing: Composition
Cooling: Central Air
Heating: Natural Gas
Utilities: APS; SW Gas
Water Source: City Water
Sewer: Sewer - Public
Fencing: Block
Property Description: North/South Exposure; Alley
Landscaping: Grass Front; Grass Back
Showing Notification Methods: Text
Lockbox Type: Supra
Possession: Close of Escrow
Association Fee Incl: No Fees
Existing 1st Loan: Conventional
New Financing: Cash; VA; Conventional
Disclosures: Seller Discl Avail
Contract Information
List Price: $899,999
Status: Active
Current Price: $899,999
List Date: 2026-02-18
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 541
Compass: W
Street Name: PALM
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 1129
Country: US
County Code: Maricopa
Assessor Number: 118-57-037
Subdivision: NORTH KENILWORTH BLKS 1 THROUGH 8
Tax Year: 2025
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 4
Full Bathrooms: 3
Total Bathrooms: 3
Approx SQFT: 2415
Price/SqFt: 372.67
Guest House SqFt: 600
Horses: N
Builder Name: Unknown
Year Built: 1940
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 8715
Approx Lot Acres: 0.2
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: Yes
Fireplaces Total: 1
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Kenilworth Elementary School
Jr. High School: Kenilworth Elementary School
High School: Central High School
Remarks Misc
Cross Street: Palm Lane & 5th AVe
Directions: Heading South on 5th Ave, Turn right onto Palm Lane. Home is the last home on the south side of the street.
Geo Lat: 33.469201
Geo Lon: -112.082502
Legal Info
Township: 2N
Range: 3E
Section: 32
Lot Number: 19
Basement
Basement Y/N: N
Parking Spaces
Slab Parking Spaces: 5
Showing Notification Methods
Showing Service: Aligned Showings