511 N 10TH Avenue 5, Phoenix, AZ 85007 (MLS# 7030970)

511 N 10TH Avenue 5, Phoenix, AZ 85007

$275,000
Property Type: Land Lot Size (sq. ft.): 6,715 Status: Active
Current Price: $275,000 List Date: 5/20/2026 Last Modified: 5/22/2026

Overview

Description

This vacant 6715+/- square foot residential infill lot presents an outstanding opportunity for developers and investors seeking a well-located site in the heart of Phoenix. Zoned R5/R1. The site supports a range of residential development options, including multi-family configurations, making it an attractive choice for urban housing projects. The property consists of 2 parcels(APN 111-30-031 & 111-30-033), delivering strong value in a rapidly growing market. Its proximity to Grand Avenue enhances accessibility & visibility, while the surrounding neighborhood continues to benefit from ongoing revitalization & investment activity At the intersection of Grand Ave and Polk Street, the property offers excellent connectivity to major thoroughfares and is less than a mile from downtown

Supplements: With its central location along Grand Ave in the Entertainment Arts District, flexible zoning, and development potential, this site is well-suited for builders and investors looking to capitalize on Phoenix's expanding residential demand. Seller financing is available: 25% down, 7% over 30 years with a 5-year balloon. 4% prepayment penalty for t ...

Listing Details MLS# 7030970

Location, Tax & Legal

House Number
511
Compass
N
Street Name
10TH
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85007
Country
US
County Code
Maricopa
Assessor Number
111-30-033
Subdivision
UNIVERSITY ADDITION
Tax Year
2025
Lot #
5
Assessor's Map #
30
Legal Description (Abbrev)
UNIVERSITY
Assessor's Parcel #
33
Add'l Parcels
Yes
Tax Municipality
Phoenix
Census Tract
112900
Taxes
266

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
0.08
Apx Total Acres G/N
G
Price Per Acre
3437500
Apx SqFt
6715
Price Per SqFt
40.95
Apx SqFt G/N
G
Lot Size Dimensions
6715
Horses
N
Zoning
R-5
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District
Elementary School
Kenilworth Elementary School
Jr. High School
Kenilworth Elementary School
High School
Central High School

Remarks Misc

Cross Street
Roosevelt and 7th Ave
Directions
West on Roosevelt, South on 10th Ave to the Property is just South of Fillmore and the East side of 10th Ave

Legal Info

Township
1N
Range
3E
Section
6
Lot Number
5

Showing Notification Methods

Showing Service
Aligned Showings
No Notification Required to Show
Yes

More Information

Special Listing Cond

N/A
Yes

Pmt & Rate Info

Equity
275000
Total Owed
0

Assoc/Prop Info

HOA Y/N
N
PAD Fee Y/N
N
Assessed Balance
0

Lockbox Type

None
Yes

Existing Land Use

Residential Lot
Yes

Zoned Presently

Single Family
Yes
Multi-Family
Yes

Potential Use

Single Family
Yes
Multi-Family
Yes

Parcel Size

.0 - .24 Acres
Yes

Current Density

40+ Units P/Acre
Yes

Development Status

Raw Land
Yes

Land Features

North/South Exp
Yes

Land Configuration

Irregular Shape
Yes

Traffic Count

Not Available
Yes

Fencing

None
Yes

Water Source

Other
Yes

Freeway/Highway

Up to 1 Mile
Yes

Sewer

No Sewer/Septic
Yes

Electric

None
Yes

Topography

Level
Yes

Gas

None
Yes

Existing Structures

None
Yes

Distance to Cable

Within 1/2 Mile
Yes

New Financing

Cash
Yes
Conventional
Yes
Owner May Carry
Yes

Distance to Phone

Within 1/2 Mile
Yes

Distance to Water

Within 1/2 Mile
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Distance to Electric

Within 1/2 Mile
Yes

Distance to Gas

None
Yes

Distance to Sewer

Within 1/2 Mile
Yes

Use Restrictions

Airport Flight Zone
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Seller May Carry (SMC) Payment

Monthly
Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot Zoned Presently: Single Family; Multi-Family Potential Use: Single Family; Multi-Family Parcel Size: .0 - .24 Acres Current Density: 40+ Units P/Acre Development Status: Raw Land Land Features: North/South Exp Land Configuration: Irregular Shape Traffic Count: Not Available Topography: Level Existing Structures: None Water Source: Other Sewer: No Sewer/Septic Electric: None Gas: None Distance to Cable: Within 1/2 Mile Distance to Phone: Within 1/2 Mile Distance to Water: Within 1/2 Mile Distance to Electric: Within 1/2 Mile Distance to Gas: None Distance to Sewer: Within 1/2 Mile Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; Owner May Carry Seller May Carry (SMC) Payment: Monthly Use Restrictions: Airport Flight Zone Environmental: None Showing Notification Methods: No Notification Required to Show Lockbox Type: None Fencing: None
IDX
Listing Office: Real Broker
Last Updated: May - 22 - 2026
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