High-Density Multifamily Development
For Sale
$475,000
3638 S 12TH Street 48, Phoenix, AZ 85040
Zoned for high-density multifamily development with approved plans for townhome construction.
Property SizeContact for details
Days on Market282
Property Features for 3638 S 12TH Street 48
General Information
Standard status
Active
Property subtype
LAND
Taxes and HOA fees
Annual Taxes
$707
Listing Agency:
My Home Group Real Estate
(480) 648-9234
Listed By:
Daniel Brown · License #SA586198000
(480) 648-9234
Source:
Gillettegroupaz
Added: Nov 3, 2025
Changed: Aug 4
Last Checked: Aug 11 at 1:13PM
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 My Home Group Real Estate
Investment Insights
Based on property information with market context.
This commercial land parcel includes existing residential buildings and is zoned for high-density multifamily development. Approved site plans are included for seven to fourteen 3-story townhomes with shared common area improvements. The proposed units feature 2 bedrooms, 2.5 baths, a tandem 2-car garage, and a balcony.
The property is located in the Phoenix Opportunity Zone near the planned light rail expansion in South Phoenix. Its position between South Mountain Park and downtown Phoenix provides access to nearby outdoor activities, events, shopping, and dining. I-10 and I-17 are both close by, supporting travel throughout the valley.
The property is located in the Phoenix Opportunity Zone near the planned light rail expansion in South Phoenix. Its position between South Mountain Park and downtown Phoenix provides access to nearby outdoor activities, events, shopping, and dining. I-10 and I-17 are both close by, supporting travel throughout the valley.
Key Highlights
- Approved plans for seven to fourteen 3‑story townhomes
- High‑density multifamily zoning with existing residential buildings
- Proposed units include 2 bedrooms, 2.5 baths, tandem 2‑car garages, and balconies
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
384
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Zoned for high-density multifamily development with approved plans for townhome construction.
Where is this commercial land located?
The property is located at 3638 S 12TH Street 48 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: Approved plans for seven to fourteen 3‑story townhomes; High‑density multifamily zoning with existing residential buildings; Proposed units include 2 bedrooms, 2.5 baths, tandem 2‑car garages, and balconies
