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    4202 S 3Rd St, Unit 5 Phoenix, AZ 85040

    New
    Pending
    For Sale
    $639,000

    LAND - Phoenix, AZ

    Lot size:
    1.06 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 9 at 10:06 pm

    Property Features for 4202 S 3Rd St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R4
    APN
    113-13-011
    Lot size
    1.06 Acres

    GREG JOHNSON (602) 717-5115 [email protected]

    Listing agent Gregory P Johnson (602) 717-5115

    Listing date Dec 8, 2025

    MLS# 6883246 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

    Phoenix Land Opportunity Zone Parcel

    Located in an Opportunity Zone, this 46,228 sq ft parcel is zoned R-4 Multi-Family, allowing for the construction of up to 35 units. Situated near 3rd St & Broadway, the property represents a rare infill opportunity in central Phoenix, just blocks from the Light Rail. A sewer tap is available on 3rd St, and water is accessible from both 3rd St and Riverside St. The site is suitable for build-to-rent or pad-split models. The property is ideally suited for investors looking to capitalize on Phoenix's rental market. The Maricopa Assessor Parcel number is 113-13-011. The location is minutes from Sky Harbor, downtown, and freeways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    El centauro auto ... Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -112.069831
    Latitude
    33.40811

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    FAQs

    What type of property is this?
    Land - 46,228 sq ft parcel zoned for multi-family development.
    Where is this land located?
    The property is located at 4202 S 3Rd St, Unit 5 Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $639,000.
    What are key features of this property?
    This property features: - Located in an Opportunity Zone, offering potential tax benefits.; - Zoned R-4 Multi-Family, allowing for the construction of up to 35 units.; - Large 46,228 sq ft parcel in central Phoenix, a rare infill opportunity.
    (602) 717-5115
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    4202 S 3Rd St, Unit 5 Phoenix, AZ 85040
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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
    4202 S 3Rd St, Unit 5 Phoenix, AZ 85040
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