Two-Story 20-Unit Apartment
For Sale
Under Contract
$649,900
320 E Hatcher Road, Phoenix, AZ 85020
MULTI_FAMILY - Phoenix, AZ
Property Size16,396 SF
Price / SF$39.64
Days on Market52
Property Features for 320 E Hatcher Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R5
Security features
Security Lighting
Elementary school
Sunnyslope Elementary School
Middle school
Sunnyslope Elementary School
High school
Sunnyslope High School
Elementary school district
Washington Elementary School District
Middle school district
Glendale Union High School District
High school district
Glendale Union High School District
Directions
From AZ-51 and Northern Avenue, West on Northern, North on 7th Street, West on Hatcher to property.
Standard status
Active Under Contract
APN
159-45-141
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 HATCHER APARTMENTS MCR 189017
Tax Annual Amount
2498
Legal Description
LOT 1 HATCHER APARTMENTS MCR 189017
Building Details
Year built
2026
Number of units
20
Flooring type
Vinyl
Building materials
Wood Frame, Stucco
Roof type
Foam
Listing Agency:
Grayson Real Estate
(602) 418-2950
Listed By:
Keith Grayson · License #BR636932000
(602) 418-0350
Added: Jun 11
Changed: Jul 10
Last Checked: Aug 1 at 9:06AM
MLS# 7040399
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 shovel-ready, fully approved multi-family development is planned as a two-story, 20-unit apartment project. The plan set conveys with the sale and the project is currently awaiting a developer to pull permits. Total development area is listed at 16,396 square feet. The unit mix includes four 3-bedroom/2-bath residences, six 2-bedroom/2-bath units, two 1-bedroom/1-bath units, and eight studio apartments. Parking is accounted for with 10 garages plus 20 additional surface parking spaces.
The property is zoned R-5 High Density Multi-Family and is located within the Hatcher District Overlay. Per the public remarks, the overlay allows restaurants, office, and retail within new developments, providing flexibility as the project is brought through permitting and build-out. The project is offered for sale at 320 E Hatcher Road, Phoenix, AZ 85020, and the seller indicates that seller carry is available.
For buyers and developers looking for an already-approved path toward construction, this offering provides a defined unit program, an identified parking scheme, and an approved plan set that transfers with the sale. The stated zoning and Hatcher District Overlay also support consideration of mixed-use components at the development level, subject to the applicable permitting process.
The property is zoned R-5 High Density Multi-Family and is located within the Hatcher District Overlay. Per the public remarks, the overlay allows restaurants, office, and retail within new developments, providing flexibility as the project is brought through permitting and build-out. The project is offered for sale at 320 E Hatcher Road, Phoenix, AZ 85020, and the seller indicates that seller carry is available.
For buyers and developers looking for an already-approved path toward construction, this offering provides a defined unit program, an identified parking scheme, and an approved plan set that transfers with the sale. The stated zoning and Hatcher District Overlay also support consideration of mixed-use components at the development level, subject to the applicable permitting process.
Key Highlights
- 2‑story, 20‑unit multi‑family project currently under construction, built in 2026
- Zoned R‑5 High Density Multi‑Family and located within the Hatcher District Overlay allowing restaurants, office, and retail in new developments
- Parking includes 10 garages plus 20 additional surface parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,939
Businesses Nearby
Explore this area
Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Shovel-ready 20-unit, two-story project with approved plan set, R-5 zoning, and substantial parking for future tenants.
Where is this apartment building located?
The property is located at 320 E Hatcher Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2‑story, 20‑unit multi‑family project currently under construction, built in 2026; Zoned R‑5 High Density Multi‑Family and located within the Hatcher District Overlay allowing restaurants, office, and retail in new developments; Parking includes 10 garages plus 20 additional surface parking spaces
