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$389,700
7055964 MLS ⋅ ACTIVE Status
Development Potential - Zoned R-5. Duplex built in 1926 on a 8,700 square foot lot (0.2 acres) in the Oakland subdivision. Each unit includes 2 bedrooms and 1 bathroom. The property also includes a detached residential garage. Construction is masonry and reinforced concrete tilt up frame. Both units are currently leased and produce rental income. Zoning is R-5 (multiple family residential), and the lot sits directly beside 324 N 18th Ave, a single family home under the same seller. Purchased together, the two parcels total 0.4 acres of R-5 land, positioned for redevelopment into multiple rental units. 324 N 18th Ave and 326 N 18th Ave sit side by side, share R-5 zoning, and total 0.4 acres. Both properties generate income under current use, which lets a buyer hold and collect rent while pursuing entitlements. A developer building to R-5 density standards could redevelop the combined site into as many as 10 rental units, 5 per parcel. Confirm current development standards, parking requirements, and permitted density with the City of Phoenix Planning and Development Department before finalizing a redevelopment plan. Buyer to perform all due diligence.

326 N 18th Avenue, Phoenix

Listing courtesy of Cadaci Realty.

$297,000
2 Beds ⋅ 2 Baths ⋅ 7055892 MLS ⋅ ACTIVE Status
Development Potential - Zoned R-5. Single family home built in 1926 on a 8,700 square foot lot (0.2 acres) in the Oakland subdivision. The home offers 2 bedrooms and 1.5 bathrooms in 910 square feet, with brick construction, an asphalt shingle roof, evaporative cooling, and a covered patio. The property is currently leased and produces rental income. Zoning is R-5 (multiple family residential), and the lot sits directly beside 326 N 18th Ave, a duplex under the same seller. Purchased together, the two parcels total 0.4 acres of R-5 land, positioned for redevelopment into multiple rental units. 324 N 18th Ave and 326 N 18th Ave sit side by side, share R-5 zoning, and total 0.4 acres. Both properties generate income under current use, which lets a buyer hold and collect rent while pursuing entitlements. A developer building to R-5 density standards could redevelop the combined site into as many as 10 rental units, 5 per parcel. Confirm current development standards, parking requirements, and permitted density with the City of Phoenix Planning and Development Department. Buyer to perform all due diligence.

324 N 18th Avenue, Phoenix

Listing courtesy of Cadaci Realty.

$505,800
6920059 MLS ⋅ ACTIVE Status
Gross 10.1% CAP Rate. 3 Units, Garden-Style Property, Built in 1931 & Renovated in 2024. Unit Mix Consists of (2) 1-Bed / 1-Bath Units & (1) 2-Bed / 2-Bath Units. Each Unit Features a Fully Upgraded Interior With White Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliances, & In-Suite Washer / Dryer. Exterior Upgrades Include Brand New Stucco, New Windows & AC Units, Ample Storage Space, & Large Common Backyard Area. New roof just installed. Located in the Roosevelt Arts District, Which Provides Easy Access to Downtown Phoenix's Vibrant Cultural Scene, Dining Hotspots, & Entertainment Options.

325 N 17th Drive, Phoenix

Listing courtesy of Gentry Real Estate.

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The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Griggs Group Powered by the Altman Brothers are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.