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$498,000
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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!
Full Property Details
Full Property Details for 4202 S 3rd St #5
General
- Sold For: $498,000
- Taxes: $2,815 (2024)
- Status: Closed
- Type: Lots/Land
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6883246
- Added to Site: 210 day(s) ago
Location
- County: Maricopa
- Township: 1N
- Subdivision: BOWLES SUB
- Cross Streets: 3rd St and Broadway
Utilities
- Dist. to Gas: Under 350 Feet
- Dist. to Electric: Under 350 Feet
- Dist. to Sewer: Under 350 Feet
- Water: City Franchise
- Dist. to Water: Under 350 Feet
- Dist. to Telecomm: Under 350 Feet
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 1.06
- Lot Size (Sq. Ft.): 46,228
- Lot Dimensions: IRR
- Frontage: Asphalt
- Zoning: R4
Financial Considerations
- Tax Amount: $2,815
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: BOWLES SUB PT LOT 5, EX W 93' & N 20'
- Property ID: 113-13-011
- Range: 3E
- Section: 20
- Lot Number: 5
Listed by United Southwest Realty
Sold by Non-MLS Office
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Schools
Schools serving 4202 S 3rd St #5
School Districts:Roosevelt Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Cesar E Chavez Community School 4001 South 3rd Street, Phoenix, AZ 85040 | PK-8 | 0.2 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 4202 S 3rd St #5
Date
Details
Price
Change
Source
1/12/2026
Sold
$498,000
-22.07%
MLS
6/20/2025
Listed
$639,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4202 S 3rd Street #5, Phoenix, AZ 85040 (MLS# 6883246) is a Lots/Land property that was sold at $498,000 on January 12, 2026. Want to learn more about 4202 S 3rd Street #5? 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.

