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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Building
- Built in 2026
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Cooling
- “See Remarks”
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Heating
- “Electric”
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Listing
- Listing ID: 6886048
- Standard status: Active
- 306 days on market
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Location
- Subdivision name: PARK FIFTH AVENUE CONDOMINIUMS
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Parking
- “None”
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Property
- Zoning: R-4
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Schools
- Elementary school: Encanto 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
- Annual amount: $109
- Lot: 152
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Utilities
- “APS”
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This content last updated on May 2, 2026 3:25PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.