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Multifamily Development Site
For Sale
$449,000

3638 S 12TH Street, Phoenix, AZ 85040

Multiple Dwellings, Phoenix, AZ

Property SizeContact for details
Days on Market632

Property Features for 3638 S 12TH Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R4
Bedrooms 28
Bathrooms 42
Full bathrooms 42
Rooms Bathroom 37, Bathroom 24, Bedroom 20, Bathroom 1, Bedroom 2, Bedroom 8, Bedroom 10, Bedroom 15, Bedroom 26, Bathroom 7, Bathroom 21, Bedroom 7, Bathroom 25, Bathroom 29, Bathroom 11, Bedroom 11, Bathroom 15, Bathroom 18, Bedroom 13, Bedroom 18, Bedroom 9, Bathroom 10, Bathroom 27, Bathroom 40, Bedroom 17, Bathroom 30, Bathroom 38, Bathroom 16, Bedroom 4, Bathroom 35, Bathroom 42, Bathroom 3, Bathroom 6, Bathroom 31, Bathroom 13, Bathroom 23, Bathroom 22, Bathroom 9, Bathroom 19, Bedroom 23, Bedroom 1, Bathroom 20, Bathroom 32, Bathroom 34, Bathroom 41, Bedroom 24, Bathroom 14, Bedroom 6, Bathroom 2, Bedroom 27, Bathroom 5, Bedroom 14, Bathroom 36, Bedroom 25, Bathroom 8, Bathroom 17, Bathroom 39, Bathroom 26, Bedroom 28, Bedroom 12, Bathroom 4, Bathroom 28, Bathroom 33, Bedroom 19, Bedroom 22, Bedroom 21, Bathroom 12, Bedroom 3, Bedroom 16, Bedroom 5
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
Listed By: Daniel Brown · License #SA586198000
Added: Jan 3, 2025 Changed: Sep 25 Last Checked: Sep 27 at 11:06PM
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 R4-zoned multifamily property includes existing residential buildings on a large lot. Approved site plans are included for seven to fourteen three-story townhomes with a shared common area. The proposed units are designed with two bedrooms, 2.5 baths, tandem two-car garages, and balconies.

The property is in the Phoenix Opportunity Zone near the light rail expansion in South Phoenix. Its location between South Mountain Park and downtown Phoenix provides access to I-10 and I-17, along with nearby shopping, dining, events, and outdoor activities. The existing improvements were built in 1926 using wood-frame construction, with composition roofing and public sewer service.

Key Highlights

  • R4 zoning with existing residential buildings on a large lot
  • Approved plans for seven to fourteen three‑story townhomes and common area
  • Proposed units include 2 bedrooms, 2.5 baths, tandem 2 car garages, and balconies

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Parking Lot & Garage Nail Salon Gym & Fitness Center

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
Highway access

Location Intelligence

Trade Area within ½ mile

384
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - R4-zoned property with existing residential buildings and approved townhome site plans.
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 $449,000.
What are key features of this property?
This property features: R4 zoning with existing residential buildings on a large lot; Approved plans for seven to fourteen three‑story townhomes and common area; Proposed units include 2 bedrooms, 2.5 baths, tandem 2 car garages, and balconies
More about this property
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