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    1620 E Ocotillo Rd Phoenix, AZ 85016

    For Sale
    $775,000

    Land - Phoenix, AZ

    Lot size:
    0.49 Acres
    Days on Market:
    71
    Last Refresh:
    Dec 7 at 3:06 am

    Property Features for 1620 E Ocotillo Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    APN
    164-34-022-A
    Exterior features
    East/West Exposure
    Lot size
    0.49 Acres

    Building Details

    Architectural style
    Other

    HomeSmart (602) 230-7600 [email protected]

    Listing agent Ingibjorg H Valsdottir (602) 230-7600

    Listing date Sep 28, 2025

    MLS# 6814930 Listing URL

    Copyright © 2025 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.

    Overview

    Permit Ready Duplex Development Opportunity

    This 0.49-acre property in Phoenix, Arizona, presents an infill development opportunity. City-approved, permit-ready plans are available for two duplex buildings, totaling four two-story units. Each unit will be 2,035 square feet. The main living area is located on the second floor, offering views of Piestewa Peak. The permit-ready plans and reports will be provided upon contract acceptance, with partial plans available in the document folder. The property is zoned R-3, allowing for various residential income property uses. The property can be used for build-to-rent or condo plat development for sale. Rent comps are at $4,500 per unit, and sale comps are at $1,200,000 just up the street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.045957
    Latitude
    33.535055

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    FAQs

    What type of property is this?
    Residential land & home lot - Permit-ready plans for two duplexes in Phoenix, Arizona.
    Where is this residential land & home lot located?
    The property is located at 1620 E Ocotillo Rd Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Permit-ready plans for two duplex buildings (four units total) significantly reduces development time and risk.; - Each unit offers a spacious 2,035 SF of living space.; - Enjoy desirable Piestewa Peak views from the main living area on the second floor.
    (602) 230-7600
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    1620 E Ocotillo Rd Phoenix, AZ 85016
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    Phoenix, AZ 85016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1620 E Ocotillo Rd Phoenix, AZ 85016
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