4622 S 7TH Street 3, Phoenix, AZ 85040

New Listing

$399,000

Property Type: Land Lot Size (sq. ft.): 19,178 Status: Active

Current Price: $399,000 List Date: 6/16/2026 Last Modified: 6/16/2026

Overview

Description

Excellent development opportunity near the Valley Metro light rail B Line. This oversized 0.44-acre lot measures approximately 110 feet by 174 feet and is zoned R-5, one of Phoenix's higher-density multifamily residential zoning classifications. R-5 zoning may accommodate apartments, condominiums, townhomes, attached housing, or multiple residential units on a single property, subject to City of Phoenix approval, development standards, parking, setbacks, access, and site-plan requirements. The city's published zoning guidance identifies a base multifamily density of approximately 43.5 dwelling units per gross acre, with potential density bonuses available for qualifying developments.

Supplements: Utilities are already located on or adjacent to the property, including an electric pole at the northwest corner, a water meter at the sidewalk, and a capped sewer line near the tree and pedestrian gate, identified by a concrete block. The property is enclosed by a block fence and offers a compelling opportunity for a multifamily infill project, in ... (Read more)

Listing Details MLS# 7042737

Location, Tax & Legal

House Number: 4622
Compass: S
Street Name: 7TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 2220
Country: US
County Code: Maricopa
Assessor Number: 113-37-003
Subdivision: BAILIE SUB
Tax Year: 2025
Lot #: 3
Assessor's Map #: 37
Legal Description (Abbrev): LOT 3 BAILIE SUB MCR 003032
Assessor's Parcel #: 3
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 115801
Taxes: 621

Contract Information

For Sale or Lease?: Sale
Type: Exclusive Right To Sell

General Property Description

Apx Total Acres: 0.44
Apx Total Acres G/N: G
Price Per Acre: 906818.18
Apx SqFt: 19178
Price Per SqFt: 20.81
Apx SqFt G/N: G
Lot Size Dimensions: 110*174
Zoning: R5
Flood Zone: No
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 7th st & Wier Ave.

Legal Info

Township: 1N
Range: 3E
Section: 29
Lot Number: 3

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes
Phone Call: Yes

More Information

Special Listing Cond

N/A: Yes

Pmt & Rate Info

Equity: 399000
Total Owed: 0

Assoc/Prop Info

HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0

Lockbox Type

None: Yes

Existing Land Use

Residential Lot: Yes
Other (See Rmks): Yes

Zoned Presently

Multi-Family: Yes

Potential Use

Single Family: Yes
Multi-Family: Yes

Parcel Size

.25 - .49 Acres: Yes

Proposed Density

40+ Units P/Acre: Yes

Land Features

Curb(s) & Gutter(s): Yes
Sidewalk(s): Yes

View

City: Yes

Land Configuration

Square Rectangular: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Road Responsibility

City Maintained Road: Yes

Fencing

Block: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes
Sewer - Available: Yes
Sewer-In & Connected: Yes

Electric

SRP: Yes

Topography

Level: Yes

Gas

Other (See Rmks): Yes

Existing Structures

None: Yes

Distance to Cable

On Property: Yes

New Financing

Cash: Yes
Conventional: Yes
Other (See Rmks): Yes

Distance to Phone

On Property: Yes

Distance to Water

On Property: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Distance to Electric

On Property: Yes

Distance to Gas

Under 350 Feet: Yes

Distance to Sewer

On Property: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot; Other (See Rmks) Zoned Presently: Multi-Family Potential Use: Single Family; Multi-Family Parcel Size: .25 - .49 Acres Proposed Density: 40+ Units P/Acre Land Features: Curb(s) & Gutter(s); Sidewalk(s) Land Configuration: Square Rectangular Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Topography: Level Existing Structures: None Water Source: City Franchise Sewer: Sewer - Public; Sewer - Available; Sewer-In & Connected Electric: SRP Gas: Other (See Rmks) Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: Under 350 Feet Distance to Sewer: On Property Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; Other (See Rmks) Environmental: None Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Fencing: Block

Listing Office: eXp Realty

Last Updated: June - 16 - 2026