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5016 N 21ST Avenue, Phoenix, AZ 85015

New Listing

$525,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,304 Lot Size (sq. ft.): 24,430 Status: Active

Current Price: $525,000 List Date: 9/04/2026 Last Modified: 9/04/2026

Overview

Description

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.

Listing Details MLS# 7074771

Location, Tax & Legal

House Number: 5016
Compass: N
Street Name: 21ST
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 3166
Country: US
County Code: Maricopa
Assessor Number: 153-25-082
Subdivision: CAMELBACK GARDENS
Tax Year: 2025

Contract Information

Type: Exclusive Agency
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No

General Property Description

Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: Yes
# of Interior Levels: Yes
# Bedrooms: 3
Full Bathrooms: 2
Total Bathrooms: 2
Approx SQFT: 1304
Price/SqFt: 402.61
Guest House SqFt: 480
Horses: N
Builder Name: Unknown
Year Built: 1936
Lead Based Hazard Disclosure: No
Approx Lot SqFt: 24430
Approx Lot Acres: 0.561
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Elementary School: Westwood Elementary School
Jr. High School: Choice Learning Academy
High School: Alhambra High School

Remarks Misc

Cross Street: 21st Ave and Camelback Rd.
Directions: First house on left after turning onto 21st Ave from Camelback Rd.

Legal Info

Township: 2N
Range: 2E
Section: 13
Block: 4
Lot Number: 9

Basement

Basement Y/N: N

More Information

Parking Spaces

Slab Parking Spaces: 4

Showing Notification Methods

Showing Service: Aligned Showings

DPR Eligible

DPR Eligible: Yes

Property Features

Special Listing Cond: N/A Architecture: Ranch Master Bathroom: 3/4 Bath Master Bdrm Flooring: Tile Spa: None Community Features: Near Bus Stop; Near Light Rail Stop Dining Area: Formal; Eat-in Kitchen Kitchen Features: Electric Range; Refrigerator; Non-laminate Counter; Kitchen Island Laundry: Other Exterior Features: Separate Guest House Construction: Wood Frame Const - Finish: Painted Roofing: Composition Cooling: Central Air Heating: Electric Utilities: SRP Water Source: City Water Sewer: Sewer - Public Fencing: Partial Landscaping: Natural Desert Front; Natural Desert Back Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Possession: Close of Escrow Unit Style: All on One Level Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Disclosures: Seller Discl Avail

Listing Office: APB Valley Spaces

Last Updated: September - 04 - 2026