Courtesy of Grigg’s Group Powered by The Altman Brothers
Property Description
Discover an unparalleled opportunity in the heart of Midtown Phoenix’s Melrose District with this extraordinary 2.43-acre parcel of land, presenting a prime multifamily builder opportunity. Boasting approved plans for a 39-unit condominium/apartment building, this property is poised for immediate development. Special financing terms make this venture even more enticing, and with a remarkable 83 Walk Score, future residents will enjoy convenient access to a plethora of amenities. Don’t miss out on this chance to shape the landscape of the vibrant Melrose District. Inquire about special seller financing! This is a rare and promising investment opportunity that awaits your vision and creativity.
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Property Details and Features
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Property Access
- Road Surface: Asphalt
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Building
- Built in 2026
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Disclosures
- Seller Prop Disc Stm
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Expenses
- Operating: $109
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Heating
- Electric
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Listing
- Listing ID: 6886048
- Standard Status: Active
- MLS Status: Active
- 434 days on market
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Location
- Subdivision: PARK FIFTH AVENUE CONDOMINIUMS
- County/Parish: Maricopa
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Lot
- Dimensions: Irregular
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Parking
- None
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Schools
- Elementary School: Encanto School
- Elementary School District: Osborn Elementary District
- Middle School: Osborn Middle School
- High School: Central High School
- High School District: Phoenix Union High School District
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Sewer
- Public Sewer
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Taxes
- Additional parcels description:
- Parcel Number: 155-33-291
- Public Survey Range: 3E
- Public Survey Section: 20
- Annual Amount: $109
- Tax Book Number: 155.00
- Legal Description: LOT 152 PARK FIFTH AVENUE CONDOMINIUMS MCR 025232
- Lot: 152
- Year: 2024
- Zoning: R-4
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Utilities
- Water Source: City Franchise
- APS
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This content last updated on September 5, 2026 5:58AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.