$297,000

324 N 18TH Avenue, Phoenix, AZ 85007

2 beds |
2 baths |
910 sqft

Single-Family Home
Built in 1926
8,712sqft lot
—— car garage
$326/sqft
Listed 8 days ago

Property Description

Development Potential - Zoned R-5. Single family home built in 1926 on a 8,700 square foot lot (0.2 acres) in the Oakland subdivision. The home offers 2 bedrooms and 1.5 bathrooms in 910 square feet, with brick construction, an asphalt shingle roof, evaporative cooling, and a covered patio. The property is currently leased and produces rental income. Zoning is R-5 (multiple family residential), and the lot sits directly beside 326 N 18th Ave, a duplex under the same seller. Purchased 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. A developer building to R-5 density standards could redevelop the combined site into as many as 10 rental units, 5 per parcel. Confirm current development standards, parking requirements, and permitted density with the City of Phoenix Planning and Development Department. Buyer to perform all due diligence.

Listing Status:: Active
Date Added:: July 16, 2026
Data Last Updated:: July 27, 2026 at 2:09PM
Listing Office:: Cadaci Realty : 623-866-4221
Listing Agent:: Cindy Dallas : 480-338-9978
MLS ID:: 7055892

General: Eat-in KitchenFull Bth Master Bdrm
Laundry: Wshr/Dry HookUp Only
Flooring: Linoleum
A/C: Mini Split
Heating: Forced Air

General: None
Style: Other
Parking: Side Vehicle Entry

Roofing: Composition
General: PaintedBrick

HOA Amenities: No Fees
Originating MLS: Arizona Regional Multiple Listing Service 2
School District: Phoenix Elementary District
County: Maricopa

Zoning: 11124023
Fencing: Back YardChain Link

Water: City Water
Sewer: Public Sewer

Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Cindy Dallas , Cadaci Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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