5402 S 5TH Street, Phoenix, AZ 85040
$500,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$500,000
Last Modified:
9/16/2025
Description
Introducing a fully vacant land parcel in an Opportunity Zone area, within walking distance to the new light rail service, schools, and shopping. Price includes an APPROVED 8-unit project by the city of Phoenix! It is ready for build, in a high-demand residential corridor, with plans for 8 barn townhomes (see pics), each 700 sqft 2 bed/1 bath, with laundry inside, breakfast bar, 9' ceiling. Rent Airbnb or long term, or corporate rentals - many possibilities! Lot can be privately irrigated.
More Information MLS# 6917001
Contract Info
Current Price: $500,000
List Price: $500,000
Status: Active
List Date: 2025-09-08
Ownership: Fee Simple
Location Tax Legal
House Number: 5402
Compass: S
Street Name: 5TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 3013
County Code: Maricopa
Subdivision: REXMERE HEIGHTS
Assessor Number: 113-45-039
Tax Year: 2024
General Property Description
Lot Size Dimensions: 60 x 350
Year Built: 1936
Zoning: R4
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: John F Kennedy Elementary School
Jr. High School: C O Greenfield School
High School: South Mountain High School
Remarks Misc
Cross Street: 5th St and Roeser Rd
Directions: Please use GPS
Geo Lat: 33.397581
Geo Lon: -112.0674
Legal Info
Lot Number: 26
Showing Notification Methods
Showing Service: Aligned Showings
Efficiency Units
# Efficiency Units: 8
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1700
Avg SqFt: 700
# Baths: 8
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Vertical Siding; Wood Siding; Stucco
Roofing: Rolled
Floors: Ceramic Tile
Sale Includes: Other (See Remarks)
Community Features: No Pool
Exterior Amenities: Landscape Wtr System
Interior Amenities: Fire Sprinklers
Appliances Included: W/D Hookup
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: Other (See Remarks)
Parking Features: 1 Space/Unit
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electricity; Trash Collection
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
New Financing: Cash; Other (See Remarks)
Environmental: None
Listing Office: HomeSmart
Last Updated: September - 16 - 2025
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