UNDER CONTRACT
$40K PRICE DROP
1601 W Mcdowell Rd Unit 1 Phoenix, AZ 85007
North Encanto NeighborhoodEstimated payment $1,025/month
Total Views
1,609
0.17
Acre
$941,176
Price per Acre
7,507
Sq Ft Lot
About This Lot
Investors/Builders Dream! Multi-family zoned land offering significant development potential due to its proximity to downtown and the Roosevelt Row Arts District. This zoning supports high-density residential development, including larger apartment complexes and mixed-use developments. Ideally, this lot is to be sold with 1605 & 1609 W McDowell Rd, to create the ultimate investors dream to build 3 multi-family units right next to each other! Seller willing to put an attractive deal together to the buyer who purchases all 3 lots. These lots are also listed for lease.
Property Details
Property Type
- Land
Lot Details
- 7,507 Sq Ft Lot
- Property is zoned R-5
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 111-18-132
Map
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Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/12/2025 08/12/25 | Price Changed | $160,000 | -5.9% | -- |
07/23/2025 07/23/25 | Price Changed | $170,000 | -10.5% | -- |
07/21/2025 07/21/25 | Price Changed | $190,000 | +3700.0% | -- |
05/29/2025 05/29/25 | For Sale | $5,000 | -97.5% | -- |
05/29/2025 05/29/25 | For Sale | $200,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6872475

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