$135,000
SOLD OCT 15, 2025

2539 E Broadway Rd Unit 12 Phoenix, AZ 85040

South Mountain Neighborhood
0.16 Acre
$843,750 Price per Acre
7,009 Sq Ft Lot

Recently Sold

32% Below List Price

123 Days on Market

Highlights

  • No HOA
  • Phoenix Coding Academy Rated A
  • Level Lot

About This Lot

As of October 2025

Prime Development Opportunity in Booming South Phoenix! Don't miss this incredible chance to invest in one of Phoenix's fastest-growing neighborhoods! These two R-5 zoned parcels offer the perfect setup for an 8-unit multifamily development — ideal for builders, investors, or anyone looking to capitalize on the area's rapid growth. Surrounded by brand-new construction and ongoing residential development, this area is bursting with potential. Just minutes from Sky Harbor Airport, downtown Phoenix, and with quick access to the I-10, this location is a commuter's dream. Proximity to South Mountain Park adds lifestyle appeal, making this a hot spot for future tenants. Whether you're planning a long-term hold, new build, or looking for the perfect 1031 exchange Prime Development Opportunity in Booming South Phoenix! Don't miss this incredible chance to invest in one of Phoenix's fastest-growing neighborhoods! These two R-5 zoned parcels offer the perfect setup for an 8-unit multifamily development ideal for builders, investors, or anyone looking to capitalize on the area's rapid growth. Surrounded by brand-new construction and ongoing residential development, this area is bursting with potential. Just minutes from Sky Harbor Airport, downtown Phoenix, and with quick access to the I-10, this location is a commuter's dream. Proximity to South Mountain Park adds lifestyle appeal, making this a hot spot for future tenants. Whether you're planning a long-term hold, new build, or looking for the perfect 1031 exchange this is the kind of opportunity that doesn't come around often.
Parcels: 122-57-003-A & 112-57-005-A

Last Agent to Sell the Property

Zhobin Jawanmardi

Compass License #SA654716000 Listed on: 05/29/2025

Compass

Co-Listed By

Adam Joffe

Compass License #SA648317000

Last Buyer's Agent

Diego Romero Pena

Libertas Real Estate License #SA682194000

Libertas Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $798

Lot Details

  • 7,009 Sq Ft Lot
  • Level Lot
  • Property is zoned R-5

Community Details

  • No Home Owners Association
  • Broadway Estates Lots 1 10, 33 52, 75 94 Subdivision

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 122-57-003-A

Property Details

Property Type

Land

Est. Annual Taxes

$798

Lot Details

0

Listing Details

  • Cross Street: 24th St & Broadway Rd
  • Legal Info Range: 3E
  • Property Type: Land
  • Development Status: Raw Land
  • Topography: Level
  • Zoning: R-5
  • Tax Year: 2024
  • Lot Size Acres: 0.16
  • Road Surface Type: Gravel, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: laun001
  • Co List Office Phone: 480-776-1555
  • Subdivision Name: BROADWAY ESTATES LOTS 1-10, 33-52, 75-94
  • Tax Parcel Letter: A
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: unknown
  • Lot Size Sq Ft: 7009.0
  • Additional Parcels: No
  • Parcel #: 122-57-003-A

Tax Info

  • Tax Annual Amount: 798.0
  • Tax Book Number: 122.00
  • Tax Lot: 12
  • Tax Map Number: 57.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2025 10/15/25 Sold $135,000 -8.8% --
09/26/2025 09/26/25 Price Changed $148,000 +14.7% --
09/13/2025 09/13/25 Price Changed $129,000 -32.1% --
08/11/2025 08/11/25 Price Changed $190,000 -3.1% --
07/22/2025 07/22/25 Price Changed $196,000 -1.5% --
05/29/2025 05/29/25 For Sale $199,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2025

    Zhobin Jawanmardi

    Compass

    (602) 828-4995

    2 in this area

    20 Total Sales

    Zhobin Jawanmardi
    Section Image
  • Adam Joffe

    Seller Co-Listing Agent in 2025

    Adam Joffe

    Compass

    (602) 561-3633

    2 in this area

    23 Total Sales

    Adam Joffe
    Section Image

  • D

    Buyer's Agent in 2025

    Diego Romero Pena

    Libertas Real Estate

    (602) 679-5874

    5 in this area

    20 Total Sales

    Diego Romero Pena
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6872616

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85040 South Mountain

2539 E Broadway Rd Unit 12, Phoenix, AZ

Sold

Lots

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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