326 N 18th Avenue, Phoenix, AZ 85007
- $389,700
- List Price
- $389,700
- Days on Market
- 9
- Status
- ACTIVE
- MLS#
- 7055964
- City
- Phoenix
- Subdivision
- Oakland
- Year Built
- 1926
Property Description
Development Potential - Zoned R-5. Duplex built in 1926 on a 8,700 square foot lot (0.2 acres) in the Oakland subdivision. Each unit includes 2 bedrooms and 1 bathroom. The property also includes a detached residential garage. Construction is masonry and reinforced concrete tilt up frame. Both units are currently leased and produce rental income. Zoning is R-5 (multiple family residential), and the lot sits directly beside 324 N 18th Ave, a single family home 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 before finalizing a redevelopment plan. Buyer to perform all due diligence.
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Additional Information
- Elementary School
- Capitol Elementary School
- High School
- Central High School
- Middle School
- Capitol Elementary School
- Community Features
- No Pool
- Construction
- Block, Stucco
- Cooling
- Central Air
- Electric
- APS
- Heating
- Electric, Forced Air
- New Financing
- Conventional, Cash
- Parking Features
- Carport
- Roofing
- Built-Up, Foam
- Subdivision
- Oakland
- Taxes
- $928
- Tax Year
- 2025
- Tenant Pays
- Electricity, Gas
- Units
- 2
- Water
- City Franchise
- Zoning
- R-5
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Listing courtesy of Cadaci Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.