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3108 E SOUTHERN Avenue 5, Phoenix, AZ 85040

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For Sale

$750,000

0.48 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • 0.5 acres
    Lot size

Explore this Property

This 1.5-acre property, zoned R5, offers incredible potential for development of up to 63 units. The owner has already completed studies for multiple configurations, including: 24 units in six fourplexes, 32-unit apartment complex, 52-unit apartment complex The location is unbeatable minutes from Sky Harbor Airport, Tempe ASU, and Downtown Phoenix, making it ideal for workforce housing, student housing, or a luxury rental community. Flexible financing options available! The seller may be willing to carry a short-term note, making this an attractive opportunity for developers and investors looking to secure the property while finalizing plans or construction financing. Don't miss this versatile, strategically located development site in one of Phoenix's fastest-growing areas!
MLS# 6894694

Courtesy Of My Home Group

(480) 685-2760

Property Features

  • Amenities
    Security System, Security System
  • Architecture Style
    Other
  • Lot Size
    0.48 Acres
  • View Type
    Mountain

Map and Directions

Directions to 3108 E SOUTHERN Avenue 5, Phoenix, AZ 85040

Home seller CENTURY 21 Northwest Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Northwest Realty

(623) 979-0065
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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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. Information being provided is 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. Information being provided is 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.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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