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For sale
  • $599,000

    502 W SOUTHERN Avenue, Phoenix, AZ 85041

    3beds
    1,413sqft
    : 
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    Single Family Residence
    Built in 1934
    0.52 Acres Lot
    $594,000 Zestimate®
    $424/sqft
    $-- HOA

    What's special

    Well-maintained homeOversized lotNew roof
    Rare opportunity to own a well-maintained home on more than 22,000 square feet of R5-zoned land in the heart of Phoenix. This 3-bedroom, 1-bath home offers over 1,400 square feet of living space, a new roof, and a newer HVAC system installed approximately one year ago. The oversized lot and R5 zoning create opportunities seldom found in the area. R5 zoning allows for high-density residential development and certain restricted commercial uses, making the property attractive for future multifamily development, live/work opportunities, office uses, or long-term investment potential. Buyers are encouraged to verify development standards, density allowances, and permitted uses with the City of Phoenix. The property may appeal to homeowners seeking additional space, investors, developers... ...contractors, landscapers, and small business owners. According to the owner, the property previously operated as a dentist office, further demonstrating the flexibility and potential uses of the site. Ideally located near the Central Avenue light rail corridor, downtown Phoenix, and Sky Harbor Airport, the property offers convenient access to major employment centers, transportation, dining, shopping, and entertainment. Whether you are looking for a home, a business opportunity, a live/work property, or future development potential, this unique property offers possibilities rarely found in today's market. Opportunities like this do not come along often, and buyers are encouraged to explore the many possibilities this property provides.
    16 days
    |
    351
    |
    27
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Martinez 602-432-0066,

    eXp Realty,

    Maricruz Martinez 602-663-4874,

    eXp Realty

    Source: ARMLS,MLS#: 7046642MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Heat Pump
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dryer, Washer, Refrigerator, Gas Range
      • Laundry: Other
      Features
      • Granite Counters, Eat-in Kitchen
      • Flooring: Vinyl, Tile
      • Windows: Single Pane
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 1,413
      • Total interior livable area: 1,413 sqft

      Property

      Parking
      • Total spaces: 5
      • Parking features: RV Gate
      • Carport spaces: 1
      • Uncovered spaces: 4
      Features
      • Stories: 1
      • Spa features: None
      • Fencing: Block
      Lot
      • Size: 0.52 Acres
      • Features: Dirt Front, Dirt Back
      Details
      • Additional structures: Gazebo
      • Parcel number: 11339016

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Stucco, Wood Frame, Painted, Slump Block
      • Foundation: Slab
      • Roof: Composition
      Condition
      • Year built: 1934

      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: $424/sqft
      • Tax assessed value: $194,600
      • Annual tax amount: $1,340
      • Date on market: 6/24/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Ownership: Fee Simple
      • Road surface type: Asphalt

        Estimated market value

        $594,000

        $564,000 - $624,000

        $1,745/mo

        Price history

        DateEventPrice
        6/25/2026Listed for sale$599,000+1098%$424/sqft
        Source: ARMLS #7046642 Report a problem
        3/11/1980Sold$50,000$35/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,340 -2.3%$19,460
        2024$1,371 -1.8%$19,460 +96.4%
        2023$1,395 +2.1%$9,910 -28.6%
        2022$1,366 +192.1%$13,880 +33.1%
        2021$468 +3.5%$10,430 +8.9%
        2020$452 +3%$9,580 +28.9%
        2019$439 $7,430 +3.2%
        2018$439 +7.3%$7,200 +39%
        2017$409 +13.4%$5,180 +20.2%
        2016$361 -3.6%$4,310 +19.7%
        2015$374 $3,600 +27.2%
        2014-- $2,830 +47.4%
        2013-- $1,920 -7.7%
        2012-- $2,080 -55.9%
        2011-- $4,720 -35.9%
        2010-- $7,360 -30.2%
        2009-- $10,550 -11.7%
        2008-- $11,950 +14.4%
        2007-- $10,450 +28.2%
        2006-- $8,150
        2005-- $8,150 +30.4%
        2004-- $6,250
        2003-- $6,250 +38.9%
        2002-- $4,500

        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: South Mountain

        Getting around

        69 / 100
        Somewhat Walkable
        45 / 100
        Some Transit
        76 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Sunland Elementary School
        • Middle: Sunland Elementary School
        • High: Cesar Chavez 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.

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