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Rich Brecklin

rich@arizonalife.net +1(480) 660-3460

$389,700

Est. payment - /mo

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Oakland

MLS Listing ID 7055964

Year Built 1926

Annual Tax Amount $928

Tax Year 2025

Lot Dimensions 59.98 x 144.94 x 60.79 x 144.81

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Development Potential - Zoned R-5. Duplex built in 1926 on a 8,700 square foot lot (0.2 acres) in the Oakland subdivision. Each unit includes 2 bedrooms and 1 bathroom. The property also includes a detached residential garage. Construction is masonry and reinforced concrete tilt up frame. Both units are currently leased and produce rental income. Zoning is R-5 (multiple family residential), and the lot sits directly beside 324 N 18th Ave, a single family home under the same seller. Purchased together, the two parcels total 0.4 acres of R-5 land, positioned for redevelopment into multiple rental units. 324 N 18th Ave and 326 N 18th Ave sit side by side, share R-5 zoning, and total 0.4 acres. Both properties generate income under current use, which lets a buyer hold and collect rent while pursuing entitlements. A developer building to R-5 density standards could redevelop the combined site into as many as 10 rental units, 5 per parcel. Confirm current development standards, parking requirements, and permitted density with the City of Phoenix Planning and Development Department before finalizing a redevelopment plan. Buyer to perform all due diligence.

Location

State AZ

County Maricopa

Community Oakland

Area Maricopa

Zoning R-5

Direction East to 18th Avenue. North on 18th Avenue to property on the left. Look for the sign. Two properties available, 324 and 326 N 18th.

Interior

Heating Forced Air, Electric

Cooling Central Air

Flooring Vinyl

Appliance Refrigerator, Free-Standing Electric Oven, Washer/Dryer

Exterior

Parking Features Add'l Parking Avail, Carport

Community Features No Pool

Roof Type Built-Up,Foam

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Capitol Elementary School

Middle Schools Capitol Elementary School

High Schools Central High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 111-24-024

Acceptable Financing Conventional

Disclosures Other (See Remarks)

Listing Terms Conventional

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Listed by Cadaci Realty • Cindy Dallas

NEARBY SCHOOL & BUSINESS

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Rich Brecklin

+1(480) 660-3460

Agent

326 N 18th Avenue Phoenix, AZ 85007

Rich Brecklin

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION