The charge transfer and visible-light absorption capacities of stable materials are crucial in several applications, such as catalysis, absorption, sensors, and bioremediation. Copper-silver-zinc oxide nanocomposites (NCs) were synthesized using PVA as a capping agent and urea as a stabilizing agent. DTG analysis confirmed 500 °C was the optimum temperature for the total decomposition of PVA after capping the nanoparticles (NPs) to yield a pure composite. The XRD analysis showed the presence of copper inclusions in the ZnO lattice and the formation of Ag and CuO heterojunctions with ZnO. The photoluminescence (PL) analysis confirmed the more significant visible light absorption and charge transfer properties of the composite compared to those of single ZnO NPs. Foam-type porosity occurred during gas evolution at many of the points shown in the SEM/TEM images. Slight lattice fringe differences between the composite and ZnO NPs due to copper inclusion were confirmed from the HRTEM image and XRD pattern analysis. The crystallinity of the NPs and NCs was confirmed by the XRD pattern and SAED analysis. The diffusion-controlled charge transfer process was witnessed through CV electrochemical analysis. Thus, the energy- and time-efficient solution combustion synthesis (SCS) approach has a crucial future outlook, specifically for an industrial, scalable application. The NCs demonstrated more potential than ZnO NPs in an organic catalytic reduction reaction of 4-nitrophenol to 4-aminophenol.