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Lot/land
  • $7,950,000

    5544 N 59th Avenue #_, Glendale, AZ 85301

    --beds
    --baths
    7.32Acres
    Land
    Built in ----
    7.32 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Excellent accessibility
    Prime Glendale Multifamily Development Opportunity. Located in the heart of rapidly growing Glendale, this exceptional ±7-acre multifamily development site presents a rare turnkey opportunity for developers and builders seeking a construction-ready apartment project in one of the Phoenix metro area's strongest rental markets. Strategically positioned near 59th Avenue & Missouri Avenue, the property is fully approved for 120 apartment units (30 One-Bedroom Units & 90 Two-Bedroom Units), with plans, permits, and entitlements already in place--helping significantly reduce development timelines, risk, and carrying costs. The project is thoughtfully designed for a modern multifamily community, featuring attractive unit layouts, ample parking, landscaped common areas, and resident-focused amenities. With approvals secured, a developer can move directly toward construction and capitalize on the strong demand for quality rental housing in Glendale and the West Valley corridor. The site offers excellent accessibility, strong surrounding demographics, and close proximity to major employment centers, retail destinations, schools, entertainment venues, and freeway access. Minutes from destinations including Westgate Entertainment District, State Farm Stadium, and Desert Diamond Arena, the property is ideally positioned to serve the area's expanding population and workforce. This is an outstanding opportunity for investors, builders, and multifamily developers seeking a high-potential, fully entitled apartment development in a prime Arizona location.
    61 days
    |
    85
    |
    4
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Azad Zolnoorian 602-446-7000,

    Realty ONE Group

    Source: ARMLS,MLS#: 7030134MLS Logo

      Facts & features

      Property

      Features
      • Fencing: None
      Lot
      • Size: 7.32 Acres
      • Dimensions: 318,750
      • Features: See Remarks, East/West Exposure, Corner Lot, North/South Exp
      • Topography: Level
      • Residential vegetation: Natural Vegetation
      Details
      • Additional structures: None
      • Parcel number: 14429002A
      • Zoning: [C-2] & [R-4]

      Utilities & green energy

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

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Glendale

      Financial & listing details

      • Tax assessed value: $1,655,300
      • Annual tax amount: $839
      • Date on market: 5/19/2026
      • Cumulative days on market: 61 days
      • Listing terms: Cash,1031 Exchange,Conventional
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/19/2026Listed for sale$7,950,000+367.6%
        Source: ARMLS #7030134 Report a problem
        9/20/2021Sold$1,700,000+672.7%
        Source: Public Record Report a problem
        10/21/2008Sold$220,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$828 +3.9%$248,295 +6.5%
        2024$797 +9.2%$233,130 +4149.5%
        2023$730 -0.7%$5,486 -95.6%
        2022$735 -63.6%$124,110 +1321.6%
        2021$2,022 +1.1%$8,730 -70%
        2020$2,000 +3.9%$29,130 +0.5%
        2019$1,924 $28,980 +26.7%
        2018$1,924 -1%$22,880 +15.4%
        2017$1,944 +14.3%$19,820 +29%
        2016$1,700 +2.5%$15,360 +10.1%
        2015$1,659 $13,950 +42.9%
        2014-- $9,760 -6.2%
        2013-- $10,400 -16.5%
        2012-- $12,448 -13.8%
        2011-- $14,448 -56.6%
        2010-- $33,309 +141%
        2009-- $13,820 -56.5%
        2008-- $31,786 +25.5%
        2007-- $25,318 +8.3%
        2006-- $23,383
        2005-- $23,383 +50%
        2004-- $15,589
        2003-- $15,589 +53.3%
        2002-- $10,172
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        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: O'Neil Ranch

        Getting around

        64 / 100
        Somewhat Walkable
        39 / 100
        Some Transit
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: William C Jack School
        • Middle: Don Mensendick School
        • High: Glendale High School
        • District: Glendale 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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