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.
For sale
$599,000
502 W SOUTHERN Avenue, Phoenix, AZ 85041
3beds
1,413sqft
Single Family Residence
Built in 1934
0.52 Acres Lot
$594,000 Zestimate®
$424/sqft
$-- HOA
What's special
Well-maintained homeOversized lotNew roof
- 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#: 7046642

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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
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Listed for sale | $599,000+1098%$424/sqft |
Source: | ||
| 3/11/1980 | Sold | $50,000$35/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $4,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: South Mountain
Nearby schools
GreatSchools rating
- 4/10Sunland Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 3/10Cesar Chavez High SchoolGrades: 9-12Distance: 4 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Arizona
- Maricopa County
- Phoenix
- 85041
- South Mountain
- 502 W SOUTHERN Avenue



