511 N 10TH Avenue #5, Phoenix, AZ 85007
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511 N 10TH Avenue #5, Phoenix, AZ 85007
511 N 10TH Avenue #5, Phoenix, AZ 85007
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Russell Harris

Russell Harris

+1(602) 904-1172
$ 250,000
Est. payment /mo
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Price Dropped by $24K

511 N 10TH Avenue #5 Phoenix, AZ 85007

6,715 Sqft Lot

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision University Addition

MLS Listing ID 7030970

HOA Y/N No

Annual Tax Amount $266

Tax Year 2025

Lot Size 6,715 Sqft

Acres 0.08

Lot Dimensions 6715

Source Arizona Regional Multiple Listing Service (ARMLS)

Property 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 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 the first 3 years, no prepayment penalty after 3 years.

Location

State AZ

County Maricopa

Community University Addition

Area Maricopa

Zoning R-5

Direction West on Roosevelt, South on 10th Ave to the Property is just South of Fillmore and the East side of 10th Ave

Interior

Flooring Flooring

Exterior

Fence None

Topography Level

Private Pool No

Building

Lot Description North/South Exp

Sewer None

Water Other

New Construction No

Schools

Elementary Schools Kenilworth Elementary School

Middle Schools Kenilworth Elementary School

High Schools Central High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 111-30-033

Acceptable Financing Owner May Carry, Cash, Conventional

Horse Property N

Disclosures Seller Prop Disc Stm

Listing Terms Owner May Carry, Cash, Conventional

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Real Broker • Kenny Klaus

NEARBY SCHOOLS & PROPERTIES

Russell Harris

Russell Harris

Agent | License ID: SA639092000

+1(602) 904-1172

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511 N 10TH Avenue #5

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