4622 S 7th Street (unit 3), Phoenix, AZ

$319,000

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0.44

Acres

About 4622 S 7th Street (unit 3)

Excellent development opportunity near the Valley Metro light rail B Line. This oversized 0.44-acre lot measures approximately 110 feet by 174 feet and is zoned R-5, one of Phoenix's higher-density multifamily residential zoning classifications. R-5 zoning may accommodate apartments, condominiums, townhomes, attached housing, or multiple residential units on a single property, subject to City of Phoenix approval, development standards, parking, setbacks, access, and site-plan requirements. The city's published zoning guidance identifies a base multifamily density of approximately 43.5 dwelling units per gross acre, with potential density bonuses available for qualifying developments. Utilities are already located on or adjacent to the property, including an electric pole at the northwest corner, a water meter at the sidewalk, and a capped sewer line near the tree and pedestrian gate, identified by a concrete block. The property is enclosed by a block fence and offers a compelling opportunity for a multifamily infill project, income-producing development, or custom residential concept in a transit-accessible location. Buyer to independently verify zoning, density, utilities, lot dimensions, development feasibility, and all information material to the buyer.

Features of 4622 S 7th Street (unit 3)

MLS® # 7042737
Price $319,000
Acres 0.44
Type Land
Status Active

Community Information

Address 4622 S 7th Street (unit 3)
Subdivision BAILIE SUB
City Phoenix
County Maricopa
State AZ
Zip Code 85040

Amenities

View City
Is Waterfront No
Has Pool No

Interior

Fireplace No

School Information

District Phoenix Union High School District

Additional Information

Zoning R5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeeXp Realty

Listing Map

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