$297,000
Phoenix, AZ 85007
MLS# 7055892
2 beds | 2 baths
1 / 15
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
Details
Maps
Contract Information
List Price: $297,000
Status: Active
Current Price: $297,000
List Date: 2026-07-16
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 324
Compass: N
Street Name: 18TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2428
Country: US
County Code: Maricopa
Assessor Number: 111-24-023
Subdivision: OAKLAND
Tax Year: 2025
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 2
Full Bathrooms: 1
Half Bathrooms: 1
Total Bathrooms: 2
Approx SQFT: 910
Price/SqFt: 326.37
Horses: N
Builder Name: Unknown
Year Built: 1926
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 8700
Approx Lot Acres: 0.2
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Planned Comm Name: Oakland
Marketing Name: Oakland
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Capitol Elementary School
Jr. High School: Capitol Elementary School
High School: Central High School
Remarks Misc
Cross Street: Van Buren and 19th Ave
Directions: East to 18th Avenue. North on 18th Avenue to property on the left. Look for the sign. Two properties available, 324 and 326 N 18th.
Geo Lat: 33.452303
Geo Lon: -112.098497
Legal Info
Township: 1N
Range: 3E
Section: 6
Block: 2
Lot Number: 14
Basement
Basement Y/N: N
Parking Spaces
Slab Parking Spaces: 2
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: Owner/Agent
Add'l Property Use: None; Other; See Remarks
Architecture: Other
Master Bathroom: Full Bth Master Bdrm
Flooring: Linoleum
Spa: None
Community Features: Historic District
Dining Area: Eat-in Kitchen
Kitchen Features: Refrigerator
Laundry: Washer Hookup; 220 V Dryer Hookup
Parking Features: Side Vehicle Entry
Construction: Brick
Const - Finish: Painted
Roofing: Composition
Cooling: Mini Split
Heating: Forced Air
Utilities: APS
Water Source: City Water
Sewer: Sewer - Public
Fencing: Back Yard; Chain Link
Landscaping: Dirt Front; Dirt Back
Lockbox Type: None
Possession: By Agreement; Subject To Tenant Rights
Association Fee Incl: No Fees
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail; Agency Discl Req
Supplements
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.
Listing Office: Cadaci Realty
Last Updated: July - 19 - 2026
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