$525,000
Phoenix, AZ 85015
MLS# 7074771
3 beds | 2 baths | 1304 sqft
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Property Description
This redevelopment opportunity is ideally located in a prime Central Phoenix location near Grand Canyon University. Highest and best value is in the land and multifamily zoning. Zoned R-3, the property offers rare density potential for an infill townhome, duplex, or 8-10+ unit residential project (buyer to verify unit count/site plan with the City of Phoenix), complete with rear alley access. Located in a qualified opportunity zone. Large 1/2 acre plus lot. Commuting is made easy with close proximity to three major highways (I-17, I-10, AZ-51) and the Phoenix Light Rail. Tenant occupied 3 bedroom/2 bathroom and detached casita. Immediate cash flow for an infill development to cover costs while plans are approved. Please do not disturb tenants.
Details
Maps
Contract Information
List Price: $525,000
Status: Active
Current Price: $525,000
List Date: 2026-09-02
Type: Exclusive Agency
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 5016
Compass: N
Street Name: 21ST
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 3166
Country: US
County Code: Maricopa
Assessor Number: 153-25-082
Subdivision: CAMELBACK GARDENS
Tax Year: 2025
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 3
Full Bathrooms: 2
Total Bathrooms: 2
Approx SQFT: 1304
Price/SqFt: 402.61
Guest House SqFt: 480
Horses: N
Builder Name: Unknown
Year Built: 1936
Lead Based Hazard Disclosure: No
Approx Lot SqFt: 24430
Approx Lot Acres: 0.561
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Elementary School: Westwood Elementary School
Jr. High School: Choice Learning Academy
High School: Alhambra High School
Remarks Misc
Cross Street: 21st Ave and Camelback Rd.
Directions: First house on left after turning onto 21st Ave from Camelback Rd.
Geo Lat: 33.51018
Geo Lon: -112.104537
Legal Info
Township: 2N
Range: 2E
Section: 13
Block: 4
Lot Number: 9
Basement
Basement Y/N: N
Parking Spaces
Slab Parking Spaces: 4
Showing Notification Methods
Showing Service: Aligned Showings
DPR Eligible
DPR Eligible: Yes
Property Features
Special Listing Cond: N/A
Architecture: Ranch
Master Bathroom: 3/4 Bath Master Bdrm
Flooring: Tile
Spa: None
Community Features: Near Bus Stop; Near Light Rail Stop
Dining Area: Formal; Eat-in Kitchen
Kitchen Features: Electric Range; Refrigerator; Non-laminate Counter; Kitchen Island
Laundry: Other
Exterior Features: Separate Guest House
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Cooling: Central Air
Heating: Electric
Utilities: SRP
Water Source: City Water
Sewer: Sewer - Public
Fencing: Partial
Landscaping: Natural Desert Front; Natural Desert Back
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Possession: Close of Escrow
Unit Style: All on One Level
Association Fee Incl: No Fees
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail
Listing Office: APB Valley Spaces
Office Phone: 602-279-0121
Office Email: [email protected]
Last Updated: September - 04 - 2026
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