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4202 S 3RD Street, 5, Phoenix, AZ 85040
New Listing
$639,000



Property Type:
Land
Lot Size (sq. ft.):
46,228
Status:
Active
Current Price:
$639,000
List Date:
6/20/2025
Last Modified:
6/21/2025
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.
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!!
More Information MLS# 6883246
Contract Information
Current Price: $639,000
List Price: $639,000
Status: Active
List Date: 2025-06-20
For Sale or Lease?: Sale
Type: Exclusive Agency
Location Tax Legal
House Number: 4202
Compass: S
Street Name: 3RD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
County Code: Maricopa
Assessor Number: 113-13-011
Subdivision: BOWLES SUB
Tax Year: 2024
General Property Description
Apx Total Acres: 1.06
Apx Total Acres G/N: G
Price Per Acre: 602830.19
Apx SqFt: 46228
Price Per SqFt: 13.82
Apx SqFt G/N: G
Lot Size Dimensions: IRR
Zoning: R4
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: 3rd St and Broadway
Directions: Central Ave & Broadway Rd
Geo Lat: 33.40811
Geo Lon: -112.069831
Legal Info
Township: 1N
Range: 3E
Section: 20
Lot Number: 5
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot; Commercial Lot; Other (See Rmks)
Zoned Presently: Multi-Family
Potential Use: Multi-Family; Commercial
Parcel Size: 1.00 - 2.49 Acres
Land Configuration: Square Rectangular; Irregular Shape
Road Responsibility: City Maintained Road
Existing Structures: None
Water Source: City Franchise
Sewer: Sewer - Available
Electric: SRP
Gas: Other (See Rmks)
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: Under 350 Feet
Distance to Electric: Under 350 Feet
Distance to Gas: Under 350 Feet
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Environmental: None
Lockbox Type: None
Listing Office: United Southwest Realty
Last Updated: June - 21 - 2025

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