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1624 E Portland St 1.34 Acres of Residential Land Offered at $1,250,000 in Phoenix, AZ 85006
Investment Highlights
- Approved for 17 Townhomes for Rent
- Near Roosevelt Row and DTPHX
- Located in an Opportunity Zone and Qualified Census Tract
- Positioned Ahead of the Next Multifamily Cycle
Executive Summary
This ±1.34-acre infill site offers an entitled, shovel-ready multifamily opportunity in one of Phoenix's most active urban corridors. Approved for 17 townhomes for rent and located within both an Opportunity Zone and a Qualified Census Tract, the property is ideally timed for a developer looking to position ahead of the next multifamily cycle — as the Phoenix pipeline thins and demand fundamentals reassert. C-2 zoning also supports a range of alternative uses — including self-storage, specialty or high-end vehicle storage, and other commercial concepts — for investors seeking flexibility. With direct I-10 access, proximity to Roosevelt Row, and a wave of residential development actively underway in Downtown Phoenix, this site is well-positioned for a developer ready to move.
Property Facts
| Price | $1,250,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.34 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | C-2 - C-2, Commercial | ||
| Price | $1,250,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 1.34 AC |
| Opportunity Zone |
Yes |
| Zoning | C-2 - C-2, Commercial |
1 Lot Available
Lot
| Price | $1,250,000 | Lot Size | 1.34 AC |
| Price Per AC | $932,835.82 |
| Price | $1,250,000 |
| Price Per AC | $932,835.82 |
| Lot Size | 1.34 AC |
Prime Urban Infill - Downtown Phoenix
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 116-15-096B | Improvements Assessment | $0 |
| Land Assessment | $26,961 | Total Assessment | $26,961 |
Property Taxes
Parcel Number
116-15-096B
Land Assessment
$26,961
Improvements Assessment
$0
Total Assessment
$26,961
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Contact the Sale Advisor
1624 E Portland St