Fantastic development opportunity near Downtown Phoenix! This 20,925 SF lot is zoned R-3 (Multiple Family Residence), allowing for detached, attached, or small-scale apartment development with densities up to 17.4 units per acre (with bonus provisions). The area is surrounded by growth, with new apartment projects just south on Cypress, highlighting the strong potential for redevelopment. Central location with convenient access to major freeways, downtown employment, dining, and entertainment. A rare chance to build in one of Phoenix's most active urban corridors. (Existing home conveys as-is.). Home is occupied by Tenants, they need 24 hours notice. Tenant is paying $2,000/Month. Home is sold ASIS
High Speed Internet, No Interior Steps, Full Bth Master Bdrm
Dryer, Washer, Refrigerator, Gas Range, Gas Oven
Central Air, Evaporative Cooling
North/South Exposure, Grass Front, Grass Back, Irrigation Front, Irrigation Back
Phoenix Union High School District
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – | |
| Price Reduced from $525,000 to $499,000 |
RETSY.
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Listing information last updated on February 13th, 2026 at 1:51am MST.