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
4202 S 3RD Street, 5, Phoenix, AZ 85040- MLS# 6883246
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.