$498,000
$639,000
22.1%For more information regarding the value of a property, please contact us for a free consultation.
4202 S 3RD Street #5 Phoenix, AZ 85040
1.06 Acres Lot
Key Details
Sold Price $498,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Bowles Sub
MLS Listing ID 6883246
Sold Date 01/12/26
HOA Y/N No
Annual Tax Amount $2,815
Tax Year 2024
Lot Size 1.061 Acres
Acres 1.06
Lot Dimensions IRR
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Located in an OPPORTUNITY ZONE!
Zoned R-4 Multi-Family — Build up to 35 Units!
By 3rd St & Broadway, this 46,228 sq ft parcel is a rare infill opportunity in central Phoenix, just blocks from the Light Rail.
Sewer Tap on 3rd St; plus Water is available from both 3rd St and Riverside St!
Ideal for build-to-rent or pad-split models.
Pad-Split or BTR model = Maximum ROI
Tax Assessed at $500K (We're probably under-pricing this - our loss is your gain!)
Minutes from Sky Harbor, downtown, and freeways
Maricopa Assessor Parcel # 113-13-011
This is a builder's dream — ideal for investors looking to cash in on Phoenix's booming rental market.
Serious buyers only — priced to move.
Multi-family gems like this don't last.
Zoned. Positioned. Priced right. In Opportunity Zone. Let's build!
Location
State AZ
County Maricopa
Community Bowles Sub
Area Maricopa
Zoning R4
Direction Central Ave & Broadway Rd
Interior
Flooring Flooring
Exterior
Private Pool No
Building
Sewer Sewer - Available
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 113-13-011
Acceptable Financing Cash, Conventional
Disclosures None
Listing Terms Cash, Conventional
Financing Cash
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Bought with Non-MLS Office