5544 N 59th Avenue _, Glendale, AZ 85301, Glendale AZ 85301
Prime Glendale Multifamily Development Opportunity. Located in the heart of rapidly growing Glendale, this exceptional ±7-acre multifamily development site presents a rare turnkey opportunity for developers and builders seeking a construction-ready apartment project in one of the Phoenix metro area's strongest rental markets. Strategically positioned near 59th Avenue & Missouri Avenue, the property is fully approved for 120 apartment units (30 One-Bedroom Units & 90 Two-Bedroom Units), with plans, permits, and entitlements already in place--helping significantly reduce development timelines,
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Glendale
This property is grouped with the current listings without a reported bedroom count in Glendale. Its asking price falls near the 92nd percentile of that active group. The comparison uses 55 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $377,500, and the median is $193 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 5960 W OREGON Avenue 170, Glendale, AZ 85301 | Sep 10, 2026 | 2 bd · 840 sqft | $160,000 | 0.2 mi |
| 5747 W Missouri Avenue 216, Glendale, AZ 85301 | Jul 10, 2026 | 2 bd · 1,248 sqft | $40,000 | 0.3 mi |
| 5331 N 61ST Avenue, Glendale, AZ 85301 | Aug 21, 2026 | 5 bd · 2,512 sqft | $464,900 | 0.3 mi |
| 5515 N 62ND Drive, Glendale, AZ 85301 | Apr 30, 2026 | 4 bd · 2,000 sqft | $374,900 | 0.4 mi |
| 5209 N 61 Drive, Glendale, AZ 85301 | Jun 30, 2026 | 3 bd · 1,913 sqft | $375,000 | 0.5 mi |
| 5722 N 62nd Drive, Glendale, AZ 85301 | Sep 24, 2026 | 3 bd · 1,665 sqft | $406,000 | 0.5 mi |
| 6020 W MEDLOCK Drive, Glendale, AZ 85301 | Apr 23, 2026 | 4 bd · 1,775 sqft | $400,000 | 0.5 mi |
| 6141 W BERRIDGE Lane, Glendale, AZ 85301 | Sep 30, 2026 | 4 bd · 1,860 sqft | $380,000 | 0.6 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $5,995,000 · Active