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Sold for $498,000
  • $498,000

    4202 S 3RD Street #5, Phoenix, AZ 85040

    --beds
    --baths
    1.06Acres
    Land
    Built in ----
    1.06 Acres Lot
    $-- Zestimate®
    $--/sqft
    $2,139 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,139/mo

    Zestimate® history
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    $2,139/mo

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    $2,846/mo

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    What's special

    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Gregory P Johnson 602-717-5115,

    United Southwest Realty

    Bought with:

    Non-Represented Buyer

    Non-MLS Office

    Source: ARMLS,MLS#: 6883246MLS Logo

    Facts & features

    Property

    Lot
    • Size: 1.06 Acres
    Details
    • Additional structures: None
    • Parcel number: 11313011
    • Zoning: R4

    Utilities & green energy

    • Electric: SRP
    • Water: City Franchise
    • Utilities for property: Sewer Available

    Community & neighborhood

    Location
    • Region: Phoenix
    • Subdivision: BOWLES SUB

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    1/12/2026Sold$498,000-22.1%
    Source: ARMLS #6883246 Report a problem
    12/8/2025Pending sale$639,000
    Source: ARMLS #6883246 Report a problem
    6/20/2025Listed for sale$639,000+326%
    Source: ARMLS #6883246 Report a problem
    6/30/2005Sold$150,000
    Source: ARMLS #2289453 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: South Mountain

    Nearby schools

    GreatSchools rating
    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.