Multi-Family Development Site with
For Sale
$475,000
3638 S 12TH Street, Phoenix, AZ 85040
MULTI_FAMILY - Phoenix, AZ
Property SizeContact for details
Days on Market586
Property Features for 3638 S 12TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Subdivision
MONTE VISTA ACRES PLAT A 33-36 AND 43-46
Elementary school
Irene Lopez School
Middle school
Irene Lopez School
High school
South Mountain High School
Elementary school district
Roosevelt Elementary District
Middle school district
Phoenix Union High School District
High school district
Phoenix Union High School District
Standard status
Active
APN
113-19-030-A
Taxes and HOA fees
Tax Year
2024
Tax Description
MONTE VISTA AC PLAT A LOT 48 EX W 400'
Tax Annual Amount
707
Legal Description
MONTE VISTA AC PLAT A LOT 48 EX W 400'
Utilities
Sewer type
Public Sewer
Building Details
Year built
1926
Number of units
14
Building materials
Wood Frame
Roof type
Composition
Listing Agency:
My Home Group Real Estate
(480) 685-2760
Listed By:
Daniel Brown · License #SA586198000
(480) 648-9234
Added: Jan 3, 2025
Changed: Aug 3
Last Checked: Aug 12 at 7:06PM
MLS# 6800371
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 for-sale multifamily property in Phoenix includes existing residential buildings on a large lot. The site is zoned R4 for high-density, multi-family development and comes with approved site plans for seven to fourteen townhomes. The proposed product is a 3-story townhome layout with common area, and each unit is designed with 2 bedrooms, 2.5 bathrooms, a tandem 2-car garage, and a balcony.
The property is located in an Opportunity Zone and is described as being near light rail expansion in South Phoenix. It is positioned close to both I-10 and I-17, with the location stated as between South Mountain Park and downtown Phoenix, providing convenient access for commuting and local activity.
For buyers and developers, the combination of an existing multifamily component and included approved townhome site plans can support an expedited path from entitlement to construction, subject to final permitting and standard development requirements. The townhome unit design, including the tandem garage and balcony, provides a defined tenant/buyer-ready configuration within the R4 zoning framework.
The property is located in an Opportunity Zone and is described as being near light rail expansion in South Phoenix. It is positioned close to both I-10 and I-17, with the location stated as between South Mountain Park and downtown Phoenix, providing convenient access for commuting and local activity.
For buyers and developers, the combination of an existing multifamily component and included approved townhome site plans can support an expedited path from entitlement to construction, subject to final permitting and standard development requirements. The townhome unit design, including the tandem garage and balcony, provides a defined tenant/buyer-ready configuration within the R4 zoning framework.
Key Highlights
- High‑density, multi‑family zoning allows for significant development potential.
- Approved site plans for 7‑14 townhomes included.
- Located in a Phoenix Opportunity Zone, offering potential tax benefits.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Explore this area
Business Placement
Demographics for 85040, AZ
33,993
Population
11,962
Households
2.8
Avg Household Size
30
Median Age
15%
College-Educated
69%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$57,890
Median Household Income
$36,355
Median Earnings
$1,193
Median Rent
$294,800
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?
Multifamily property - R4 zoned multifamily site with approved plans for 3-story townhomes, each with two bedrooms and tandem parking.
Where is this multifamily property located?
The property is located at 3638 S 12TH Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: High‑density, multi‑family zoning allows for significant development potential.; Approved site plans for **7‑14 townhomes included.**; Located in a Phoenix Opportunity Zone, offering potential tax benefits.
