4202 S 3rd St Unit 5 Phoenix, AZ 85040
South Mountain NeighborhoodEstimated payment $3,573/month
About This Lot
Located in an OPPORTUNITY ZONE!
Zoned R-4 Multi-Family — Build up to 35 Units!
By 3rd St & Broadway, this 46,228 sq ft parcel is a rare infill opportunity in central Phoenix, just blocks from the Light Rail.
Sewer Tap on 3rd St; plus Water is available from both 3rd St and Riverside St!
Ideal for build-to-rent or pad-split models.
Pad-Split or BTR model = Maximum ROI
Tax Assessed at $500K (We're probably under-pricing this - our loss is your gain!)
Minutes from Sky Harbor, downtown, and freeways
Maricopa Assessor Parcel # 113-13-011
This is a builder's dream — ideal for investors looking to cash in on Phoenix's booming rental market.
Serious buyers only — priced to move.
Multi-family gems like this don't last.
Zoned. Positioned. Priced right. In Opportunity Zone. Let's build!
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,815
Lot Details
- 1.06 Acre Lot
- Property is zoned R4
Community Details
- No Home Owners Association
- Bowles Sub Subdivision
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number 113-13-011
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,890 | $19,165 | $19,165 | -- |
| 2024 | $2,735 | $18,252 | $18,252 | -- |
| 2023 | $2,735 | $47,955 | $47,955 | $0 |
| 2022 | $2,680 | $27,165 | $27,165 | $0 |
| 2021 | $2,735 | $27,165 | $27,165 | $0 |
| 2020 | $2,701 | $21,495 | $21,495 | $0 |
| 2019 | $2,614 | $14,700 | $14,700 | $0 |
| 2018 | $2,543 | $13,620 | $13,620 | $0 |
| 2017 | $2,599 | $14,175 | $14,175 | $0 |
| 2016 | $2,472 | $13,245 | $13,245 | $0 |
| 2015 | $2,606 | $14,128 | $14,128 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/07/2025 12/07/25 | Pending | -- | -- | -- |
| 06/20/2025 06/20/25 | For Sale | $639,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Deed In Lieu Of Foreclosure | $270,000 | Land Title Agency Of Arizona | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $150,000 | -- | |
| Warranty Deed | $32,000 | Stewart Title & Trust |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $75,000 | New Conventional | |
| Previous Owner | $22,000 | Seller Take Back |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6883246
APN: 113-13-011
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.
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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