4202 S 3rd St Unit 5 Phoenix, AZ 85040
South Mountain NeighborhoodEstimated payment $3,627/month
1.06
Acres
$602,830
Price per Acre
46,174
Sq Ft Lot
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.Ideal for build-to-rent or pad-split models.Pad-Split or BTR model = Maximum ROITax Assessed at $500K (We're probably under-pricing this - our loss is your gain!)Minutes from Sky Harbor, downtown, and freewaysMaricopa Assessor Parcel # 113-13-011This 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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 | $2,815 | $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 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2025 06/20/25 | For Sale | $639,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $215,000 | Unknown | |
| Previous Owner | $75,000 | New Conventional | |
| Previous Owner | $22,000 | Seller Take Back |
Source: Public Records
Similar Properties in Phoenix, AZ
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
Nearby Homes
- 4216 S Central Ave
- 4013 S Central Ave Unit 4
- 11 W Illini St
- 25 W Illini St
- 4441 S 8th St
- 4012 S 3rd Ave
- 4014 S 3rd Ave
- 313 W Jones Ave
- 5011 S 6th Way
- 3418 S Central Ave
- 128 W Elwood St
- 5219 S 4th St
- 5222 S 5th St
- 948 E Broadway Rd
- 4925 S 5th Ave
- 515 W Romley Ave
- 1009 E Chipman Rd
- 1014 E Romley Ave
- 711 W Tamarisk St
- 3638 S 12th St