Courtesy of Cadaci Realty
Property Description
Income producing Duplex built in 1926 on a 8,700 square foot lot (0.2 acres) in the Oakland subdivision. One 2 bed 1 bath unit and one 1 bed 1 bath unit. 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, single family home, that is also rented, producing income and is also for sale, see MLS 7055892. 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. Buyer to confirm current development standards, parking requirements, and permitted density with the City of Phoenix Planning and Development Department. Buyer to perform all due diligence.
Open House
Property Details and Features
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Property Access
- Road Surface: Asphalt
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Appliances & Equipment
- Refrigerator
- Free-Standing Electric Oven
- Washer/Dryer
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Bathrooms
- 3 total bathrooms
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Bedrooms
- 5 total bedrooms
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Building
- Built in 1926
- 1 building
- Construction Materials: Stucco, Block
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Community
- No Pool
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Cooling
- Central Air
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Disclosures
- Other (See Remarks)
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Expenses
- Operating: $2,728
- Water/Sewer: $1,800
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Floors
- Tile
- Laminate
- Vinyl
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Heating
- Forced Air
- Electric
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Income
- Gross Income: $23,085
- Gross ScheduledIncome: $24,300
- Net Operating Income: $23,085
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Listing
- Listing ID: 7055964
- Standard Status: Active Under Contract
- MLS Status: UCB (Under Contract-Backups)
- 51 days on market
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Location
- Subdivision: Oakland
- County/Parish: Maricopa
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Lot
- Dimensions: 59.98 x 144.94 x 60.79 x 144.81
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Owner Pays
- Trash Collection
- Water
- Sewer
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Parking
- 1 covered spaces
- 4 open parking spaces
- 5 total parking spaces
- Add’l Parking Avail
- Carport
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Roof
- Built-Up
- Foam
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Schools
- Elementary School: Capitol Elementary School
- Elementary School District: Phoenix Elementary District
- Middle School: Capitol Elementary 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: 111-24-024
- Annual Amount: $928
- Tax Book Number: 111.00
- Lot: 15
- Year: 2025
- Zoning: R-5
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Utilities
- Water Source: City Franchise
- APS
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This content last updated on September 7, 2026 2:28PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.