324 N 18th Avenue, Phoenix, AZ 85007
- $297,000
- 2
- BD
- 2
- BA
- 910
- SqFt
- List Price
- $297,000
- Days on Market
- 11
- Status
- ACTIVE
- MLS#
- 7055892
- City
- Phoenix
- Bedrooms
- 2
- Bathrooms
- 2
- Living SQFT
- 910
- Lot Size
- 8,700
- Subdivision
- Oakland
- Year Built
- 1926
- Type
- Single Family Residence
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.
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Additional Information
- Elementary School
- Capitol Elementary School
- High School
- Central High School
- Middle School
- Capitol Elementary School
- Acres
- 0.20
- Architecture
- Other
- Assoc Fee Includes
- No Fees
- Builder Name
- Unknown
- Community
- Oakland
- Community Features
- Historic District
- Construction
- Brick, Painted
- Cooling
- Ductless
- Fencing
- Chain Link, Back Yard
- Flooring
- Linoleum
- Heating
- Forced Air
- Laundry
- Washer Hookup
- Living Area
- 910
- Lot Size
- 8,700
- New Financing
- Cash, VA Loan, FHA, Conventional
- Parking Features
- Side Vehicle Entry
- Lot Features
- Dirt Front, Dirt Back
- Roofing
- Composition
- Spa
- None
- Stories
- 1
- Style
- Other
- Subdivision
- Oakland
- Taxes
- $1,350
- Tax Year
- 2025
- Water
- Public
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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.