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Multifamily Development Lot with Utilities
For Sale
$239,900

1020 E MOHAVE Street, Phoenix, AZ 85034

MULTI_FAMILY - Phoenix, AZ

Days on Market47

Property Features for 1020 E MOHAVE Street

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Zoning R-3
Parking features Off Street
Subdivision THRIFTY HOMES
Directions From I-17 and 7th Street, North on 7th Street, East on Mohave to property.
Standard status Active
APN 115-46-125-A

Taxes and HOA fees

Tax Year 2025
Tax Description LT 6 BLK 2 THRIFTY HOMES MCR 026-06 TOG WI POR LT 5 DAF COM SW COR OF LT 6 TH N 135.64F TO POB TH N
Tax Annual Amount 4099
Legal Description LT 6 BLK 2 THRIFTY HOMES MCR 026-06 TOG WI POR LT 5 DAF COM SW COR OF LT 6 TH N 135.64F TO POB TH N

Utilities

Sewer type Public Sewer

Building Details

Year built 1948
Number of units 3
Listing Agency: Grayson Real Estate
Listed By: Keith Grayson · License #BR636932000
Added: Jun 16 Changed: Jul 10 Last Checked: Aug 1 at 9:06AM
MLS# 7042857

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily development site at 1020 E Mohave Street, Phoenix, AZ 85034 has had the building shown in the photo demolished. The site remains set up for development, with utilities still in place and the property fully fenced with a block wall.

The property is located in an Opportunity Zone and is described as allowing construction of 2 or 3 units. Zoning is listed as R-3. The listing also notes that the seller may carry financing.

Key Highlights

  • Multifamily development site in an Opportunity Zone allowing 2 or 3 units to be constructed
  • Under construction status; utilities are still in place
  • Fully fenced with block wall

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Dental Office Pharmacy Spa & Massage Center Bakery Skin Care Clinic Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Fenced yard
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

578
Businesses Nearby

Demographics for 85034, AZ

5,033
Population
2,901
Households
1.7
Avg Household Size
32
Median Age
32%
College-Educated
81%
High-School Grad
11.6 sq mi
ZIP Area
434
Density / Sq Mi
$53,545
Median Household Income
$43,236
Median Earnings
$1,205
Median Rent
$397,400
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - R-3 zoned lot with utilities in place and fully fenced block wall for 2–3 unit construction.
Where is this residential land & home lot located?
The property is located at 1020 E MOHAVE Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Multifamily development site in an Opportunity Zone allowing 2 or 3 units to be constructed; Under construction status; utilities are still in place; Fully fenced with block wall
More about this property
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