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Shovel-Ready Multifamily Development Lot
For Sale
$450,000

1339 West Peoria Avenue, Phoenix, AZ 85029

Vacant infill lot in R-3 zoning with approved entitlements, permits, and plans for a 6-unit apartment project.

Property Size11,250 SF
Price / SF$40
Days on Market231

Property Features for 1339 West Peoria Avenue

General Information

Standard status Active
Size 11,250 SF
Property subtype Land
Zoning R-3

Taxes and HOA fees

Annual Taxes $392

Amenities

0.0
Listing Agency: HomeSmart
Listed By: Samantha Trenou · License #SA699023000
Source: Compass
Added: Jan 4 Changed: Aug 8 Last Checked: Mar 25 at 8:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart

Investment Insights

Based on property information with market context.

This is a vacant infill lot offered for sale as a shovel-ready multifamily development site. The property is in R-3 zoning and is being delivered with approved entitlements, permits, and plans for a 6-unit apartment project, along with due diligence materials available for review.

The lot is located near 15th Ave & Peoria in Phoenix, AZ, providing a streamlined path toward construction with city approvals already in place.

For qualified builders and investors looking to start from an established project package, this offering provides the permitting and planning groundwork for a 6-unit multifamily build.

Key Highlights

  • Vacant infill lot in R‑3 zoning with approved entitlements, permits, and plans for a 6‑unit apartment project
  • Shovel‑ready development package delivered with approved entitlements, permits, and plans
  • Location near 15th Ave & Peoria

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Nail Salon Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

530
Businesses Nearby

Demographics for 85029, AZ

47,101
Population
19,723
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
5,011
Density / Sq Mi
$60,384
Median Household Income
$37,282
Median Earnings
$1,319
Median Rent
$307,800
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Vacant infill lot in R-3 zoning with approved entitlements, permits, and plans for a 6-unit apartment project.
Where is this residential land & home lot located?
The property is located at 1339 West Peoria Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Vacant infill lot in R‑3 zoning with approved entitlements, permits, and plans for a 6‑unit apartment project; Shovel‑ready development package delivered with approved entitlements, permits, and plans; Location near 15th Ave & Peoria
More about this property
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