NOT LISTED FOR SALE

4202 S 3rd St Unit 5 Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $494,804

1.06 Acres
$466,796 Price per Acre
46,174 Sq Ft Lot

Sale Details

Date Sold: January 12, 2026

Last sale price $498,000

Est. 1% decrease in value since last sale

Current estimated payment $2,867 / mo

170 Days on Market

About This Lot

As of January 2026

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!

Last Agent to Sell the Property

Greg Johnson

United Southwest Realty License #BR008487000 Listed on: 06/20/2025

Last Buyer's Agent

Non-Represented Buyer

Non-MLS Office

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

Property Details

Property Type

Land

Est. Annual Taxes

$2,815

Lot Details

1.06 Acres

Listing Details

  • Cross Street: 3rd St and Broadway
  • Legal Info Range: 3E
  • Property Type: Land
  • Zoning: R4
  • Tax Year: 2024
  • Lot Size Acres: 1.06
  • Road Surface Type: Asphalt
  • Subdivision Name: BOWLES SUB
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family, Commercial

Exterior Features

  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Lot Size Sq Ft: 46228.0
  • Additional Parcels: No
  • Parcel #: 113-13-011

Tax Info

  • Tax Annual Amount: 2815.0
  • Tax Book Number: 113.00
  • Tax Lot: 5
  • Tax Map Number: 13.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2025
Closed on
Jan 6, 2026
Sold by
Bought by
Seller's Agent
Greg Johnson
United Southwest Realty
Buyer's Agent
Non-Represented Buyer
Non-MLS Office
List Price
$639,000
Sold Price
$498,000
Premium/Discount to List
-$141,000
-22.07%
Views
44
Current Estimated Value
$494,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,196
Avg. Annual Appreciation
-1.64%

Purchase Details

Closed on
Mar 4, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 26, 2008
Sold by
Bought by

Purchase Details

Closed on
Mar 1, 2007
Sold by
Bought by

Purchase Details

Closed on
Jul 6, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,000
Interest Rate
8.12%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$498,000 Title Services Of The Valley
-- None Available
$270,000 Land Title Agency Of Arizona
-- None Available
$150,000 --
$32,000 Stewart Title & Trust
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $75,000
Previous Owner $22,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/12/2026 01/12/26 Sold $498,000 -22.1% --
12/07/2025 12/07/25 Pending -- -- --
06/20/2025 06/20/25 For Sale $639,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: Public Records

Agents Affiliated with this Home

  • Greg Johnson

    Seller's Agent in 2026

    Greg Johnson

    United Southwest Realty

    (602) 717-5115

    5 in this area

    90 Total Sales

    Greg Johnson
    Section Image

  • N

    Buyer's Agent in 2026

    Non-Represented Buyer

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6883246

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-13-011

Arizona Maricopa County Phoenix 85040 South Mountain

4202 S 3rd St Unit 5, Phoenix, AZ

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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