Property photo 1
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Courtesy of APB Valley Spaces, Augustine Bartning Listing Contact: 480-269-2024 
3 Beds
2 Baths
1,304 sqft

$525,000

5016 N 21ST Avenue, Phoenix AZ, 85015

Price per sqft$402.61
Built in1936
Property size1,304 sqft
Property typeResidential

Overview

Active

Listed Sep 4, 2026

Updated 4 weeks ago

This redevelopment opportunity is ideally located in a prime Central Phoenix location near Grand Canyon University. Highest and best value is in the land and multifamily zoning. Zoned R-3, the property offers rare density potential for an infill townhome, duplex, or 8-10+ unit residential project (buyer to verify unit count/site plan with the City of Phoenix), complete with rear alley access. Located in a qualified opportunity zone. Large 1/2 acre plus lot. Commuting is made easy with close proximity to three major highways (I-17, I-10, AZ-51) and the Phoenix Light Rail. Tenant occupied 3 bedroom/2 bathroom and detached casita. Immediate cash flow for an infill development to cover costs while plans are approved. Please do not disturb tenants.

$3,493/mo

Est. mortgage payment based on a $525,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7074771

Interior Features

Bedrooms
3
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.56 Acres

Other Property Details

Taxes
$1,156
Tax Frequency
Annually

Courtesy of APB Valley Spaces, Augustine Bartning

Listing Contact: 480-269-2024 

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Data Last Updated: 11:17 AM UTC, 9/4/2026.

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