This Property is a rare opportunity to acquire a platted and partially entitled 28-unit multifamily development with the major pre-construction work completed.
This project owner has civil plans, landscape plans, MEP plans, and recently extended City of Phoenix permits. This allows an investor developer potentially years of entitlement risk, architectural coordination, and municipal approvals.
Highlights:
" Final plat completed for 28 units.
" Civil plans completed.
" Landscape plans completed.
" Complete MEP (HVAC, electrical, plumbing) engineering completed.
This offering dramatically reduces timeline risk and carrying costs by eliminating the most unpredictable phases of development -- zoning, engineering coordination, and permit approval.
Additionally, the project architect is available to answer any technical or design-related questions and assist the buyer throughout the transition process. The ownership team is prepared to support a smooth handoff and help facilitate the path to construction.
Ideal for builders or multifamily developers seeking a near shovel-ready asset in a high-demand rental market.
Lot/land
$1,425,000
2854 E WIER Avenue #-, Phoenix, AZ 85040
--beds
--baths
2.08Acres
Land
Built in ----
2.08 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 200 days
- 33
- 0
Zillow last checked:
Listing updated:
Listed by:
Brian Rosella 602-920-2438,
Kidder Mathews
Source: ARMLS,MLS#: 6986821

Facts & features
Property
Lot
- Size: 2.08 Acres
- Dimensions: 126 x 37 x 130 x 175 x 199 x 199 x 214
Details
- Parcel number: 12258131
- Zoning: R-3
Utilities & green energy
- Electric: SRP
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Subdivision: 28TH STREET LOFTS
HOA
- Has HOA: No
Location
- Region: Phoenix
Financial & listing details
- Tax assessed value: $9,900
- Annual tax amount: $3,269
- Date on market: 2/19/2026
- Cumulative days on market: 200 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Price change | $1,425,000-16.2% |
Source: | ||
| 2/19/2026 | Listed for sale | $1,700,000-34.5% |
Source: | ||
| 3/21/2025 | Listing removed | $2,595,000 |
Source: | ||
| 12/13/2023 | Listing removed | -- |
Source: | ||
| 7/31/2021 | Listing removed | $2,595,000 |
Source: | ||
| 7/9/2021 | Listed for sale | $2,595,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $115 +2.7% | $1,485 -31.3% |
| 2024 | $112 +2.8% | $2,160 +211.7% |
| 2023 | $109 +2% | $693 -42.3% |
| 2022 | $107 | $1,200 +19.9% |
| 2021 | -- | $1,001 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: South Mountain
Nearby schools
Schools provided by the listing agent
- District: Roosevelt Elementary District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




