Prime 2-Acre Multi-Family Property with R4 Zoning - Great Investment Opportunity! This versatile 2-acre property offers incredible potential with its R4 zoning, perfect for multi-family development or other investment opportunities. Located in a highly accessible area with both an entrance and exit on Roeser Rd and Cody Drive, this property ensures convenience and ease of access. The property also features a well-maintained 3-bedroom, 2-bathroom residence. Whether you are looking to expand your investment portfolio or create a thriving multi-family community, this location offers limitless possibilities.
For sale
$950,000
502 E Roeser Road, Phoenix, AZ 85040
3beds
2,356sqft
Single Family Residence
Built in 1926
2 Acres Lot
$-- Zestimate®
$403/sqft
$-- HOA
What's special
- 429 days |
- 158 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Esther Perez Gallardo 602-799-7908,
West USA Realty
Source: ARMLS,MLS#: 6833343
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Gas Range, Gas Oven
Features
- Eat-in Kitchen, 3/4 Bath Master Bdrm
- Flooring: Laminate, Tile
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,356
- Total interior livable area: 2,356 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport
- Carport spaces: 2
Features
- Stories: 1
- Patio & porch: Patio
- Pool features: None
- Spa features: None
- Fencing: Block,Chain Link,Wrought Iron
Lot
- Size: 2 Acres
- Features: Dirt Front, Dirt Back
Details
- Parcel number: 11336041
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Frame, Painted
- Roof: Composition
Condition
- Year built: 1926
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water
Community & HOA
HOA
- Has HOA: No
- Services included: No Fees
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $403/sqft
- Tax assessed value: $344,500
- Annual tax amount: $2,247
- Date on market: 4/16/2025
- Cumulative days on market: 400 days
- Listing terms: Owner May Carry,Cash,Conventional
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2025 | Price change | $950,000-4.5%$403/sqft |
Source:  ARMLS #6833343 Report a problem | ||
| 8/12/2025 | Listed for sale | $995,000$422/sqft |
Source: ARMLS #6833343 Report a problem | ||
| 6/9/2025 | Listing removed | $995,000$422/sqft |
Source: ARMLS #6833343 Report a problem | ||
| 5/20/2025 | Price change | $995,000-9.5%$422/sqft |
Source: ARMLS #6833343 Report a problem | ||
| 3/11/2025 | Listed for sale | $1,100,000+1900%$467/sqft |
Source: ARMLS #6833343 Report a problem | ||
| 3/10/1999 | Sold | $55,000$23/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,306 +2.6% | $34,450 -11.5% |
| 2024 | $2,247 +3.2% | $38,930 +151.6% |
| 2023 | $2,178 +2.1% | $15,472 -28.6% |
| 2022 | $2,133 +91.8% | $21,670 +38.5% |
| 2021 | $1,112 +3.5% | $15,650 +5.2% |
| 2020 | $1,074 +3% | $14,870 +18.9% |
| 2019 | $1,044 | $12,510 -1.3% |
| 2018 | $1,044 +7.3% | $12,680 +18.5% |
| 2017 | $973 +13.4% | $10,700 +6.4% |
| 2016 | $857 -2.4% | $10,060 +31.5% |
| 2015 | $878 | $7,650 +17.2% |
| 2014 | -- | $6,530 +36.9% |
| 2013 | -- | $4,770 +13.3% |
| 2012 | -- | $4,210 -55% |
| 2011 | -- | $9,350 -31.1% |
| 2010 | -- | $13,580 -22.9% |
| 2009 | -- | $17,610 -11.1% |
| 2008 | -- | $19,800 +14.8% |
| 2007 | -- | $17,250 +18.2% |
| 2006 | -- | $14,600 |
| 2005 | -- | $14,600 +19.7% |
| 2004 | -- | $12,200 |
| 2003 | -- | $12,200 +24.5% |
| 2002 | -- | $9,800 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: South Mountain
Nearby schools
GreatSchools rating
- 4/10Irene Lopez SchoolGrades: PK-8Distance: 0.6 mi
- 2/10South Mountain High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Irene Lopez School
- Middle: Cesar E Chavez Community School
- High: South Mountain High School
- 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Arizona
- Maricopa County
- Phoenix
- 85040
- South Mountain
- 502 E Roeser Road
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Nearby neighborhoods
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