Movoto Real Estate
Sold on 01/13/2026

4202 S 3rd St #5, Phoenix, AZ 85040

$498,000

Last sold 01/13/2026 after 207 Days

  • —

    bed

  • —

    bath

  • 1.06

    Acre ($469K/Acre)

Lot/Land not for sale

About 4202 S 3rd St #5

Property type Lot/Land
Neighborhood
HOA fee $0/month
Lot size 1.06 Acre
Property 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. Sewer Tap on 3rd St; plus Water is available from both 3rd St and Riverside St! 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!
Listed by
Listing Agent - Gregory P Johnson
Listing Office - United Southwest Realty
Source: ARMLS mls logo
MLS#6883246 • last updated 8 months ago
Movoto checked ARMLS for data 5 minutes ago
Overview
MLS # 6883246
Type Land
Status Closed
Lot Size (Acres) 1.06
Lot Size (Sqft) 46228
Property Tax 2815
Interior
Exterior
Other Structures None
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Sewer - Available
Location
Subdivision BOWLES SUB
Elementary School District Roosevelt Elementary District
High School District Phoenix Union High School District
APN 113-13-011
Zoning R4
Directions Central Ave & Broadway Rd
Lot/ Land Details
Road Surface Asphalt
Possible Use Multi-Family, Commercial
We are not permitted to show value estimates for this property.
  • Jan 2026
    mls logo MLS # 6883246
  • Jan 13, 2026 Sold
    $498,000 (-22.1%)
  • Dec 8, 2025 Pending
    —
  • Jun 20, 2025 Listed
    $639,000
  • 4202 S 3rd St #5
    $498K
  • South Mountain
    $435K +1% y/y
  • 85040
    $359K +4% y/y
  • Phoenix
    $465K 0% y/y
No chart available
Statistics calculated by Movoto

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4/10
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Source: GreatSchools.org © 2026. All rights reserved.

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