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$850,000
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Property Description
Great Development Location in the Phoenix Opportunity Zone, near the South Phoenix light rail expansion. This nearly 2-acre lot with R-4 zoning could allow a 60-unit project, or subdivide for duplex or single-family home lots. There is water and electricity to the property presently. Convenient access to I-10 and I-17, downtown Phoenix, shopping and entertainment venues.
Full Property Details
Full Property Details for 4003 S 12th St #1
General
- Price: $850,000
- Taxes: $1,145 (2024)
- Status: Active
- Type: Lots/Land
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6864115
- Updated: 1/6/2026
- Added to Site: 256 day(s) ago
Location
- County: Maricopa
- Township: 1N
- Subdivision: CENTERGROVE TRACT 1 THROUGH 16
- Cross Streets: 12TH ST & BROADWAY
- Total Lots Available: 1
Utilities
- Dist. to Gas: Under 350 Feet
- Dist. to Electric: On Property
- Dist. to Sewer: On Property
- Water: City Franchise
- Dist. to Water: Under 350 Feet
- Dist. to Telecomm: Call Listing Office
Additional Structures
- Other Structures: Garage(s)
Lot Features
- Lot Size (Acres): 1.82
- Lot Size (Sq. Ft.): 79,102
- Lot Dimensions: 350.95 x 22
- Frontage: Gravel, Dirt, Concrete
- Lot Features: Other, See Remarks
- Trees/Vegetation: Natural Vegetation
- Zoning: R4
Horse Property
- Horse Facility Desc.: Other, See Remarks
Financial Considerations
- Tax Amount: $1,145
- Tax Year: 2024
- Terms: Cash
Disclosures and Reports
- Legal Description: LOT 1 CENTERGROVE TRACT 1 THROUGH 16 MCR 001807
- Property ID: 113-25-001-A
- Range: 3E
- Section: 21
- Lot Number: 1
Listed by My Home Group Real Estate
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Schools
Schools serving 4003 S 12th St #1
School Districts:Roosevelt Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Irene Lopez School 4610 South 12th Street, Phoenix, AZ 85040 | K-8 | 0.4 mi |
South Mountain High School 5401 S 7th St, Phoenix, AZ 85040 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4003 S 12th St #1
Date
Details
Price
Change
Source
1/06/2026
Price Reduced
$850,000
-4.49%
MLS
6/13/2025
Price Reduced
$890,000
-5.82%
MLS
5/29/2025
Price Reduced
$945,000
-3.57%
MLS
5/09/2025
Listed
$980,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4003 S 12th St #1
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,175
3%
$69,570
3%
2024
$1,145
3%
$67,860
5%
2023
$1,113
2%
$64,560
60%
2022
$1,090
—
$40,350
19%
2022
$1,090
-2%
$33,930
-5%
2021
$1,112
1%
$35,610
4%
2020
$1,099
3%
$34,275
117%
2019
$1,063
3%
$15,795
83%
2018
$1,034
5%
$8,640
60%
2017
$986
5%
$5,400
7%
2016
$938
-41%
$5,025
-42%
2015
$1,597
3%
$8,656
—
2014
$1,549
—
$8,656
-9%
2013
$1,544
—
$9,520
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4003 S 12th St #1
4003 S 12th Street #1, Phoenix, AZ 85040 (MLS# 6864115) is a Lots/Land property with a lot size of 1.82 acres. 4003 S 12th Street #1 is currently listed for $850,000 and was received on May 09, 2025. Want to learn more about 4003 S 12th Street #1? Do you have questions about finding other Lots/Land real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

