This prime vacant lot presents an exceptional investment and development opportunity in a highly desirable downtown location. Zoned R-4, the property offers outstanding flexibility for a variety of residential projects, including single-family homes, townhomes, duplexes, and multi-family developments (subject to city approval). With its central location providing convenient access to shopping, dining, entertainment, schools, and major transportation routes, this parcel is perfectly positioned to meet the growing demand for housing in the area. Whether you're a builder, developer, or investor s
CloseDaily local analysis
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
This property is grouped with the current listings without a reported bedroom count in Phoenix. Its asking price falls near the 35th percentile of that active group. The comparison uses 564 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
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 $357,000, and the median is $206 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 |
|---|---|---|---|---|
| 1716 W HADLEY Street, Phoenix, AZ 85007 | Jun 25, 2026 | 4 bd | $389,000 | 0.0 mi |
| 1728 W Sherman Street, Phoenix, AZ 85007 | Apr 22, 2026 | 5 bd | $830,000 | 0.1 mi |
| 1527 W HADLEY Street, Phoenix, AZ 85007 | Jul 29, 2026 | 6 bd | $550,000 | 0.2 mi |
| 1523 W HADLEY Street, Phoenix, AZ 85007 | Jul 29, 2026 | 6 bd | $560,000 | 0.2 mi |
| 1924 W hadley Street, Phoenix, AZ 85009 | Apr 21, 2026 | 3 bd · 1,170 sqft | $325,000 | 0.3 mi |
| 1941 W SHERMAN Street, Phoenix, AZ 85009 | Apr 27, 2026 | 1 bd · 846 sqft | $174,000 | 0.3 mi |
| 1722 W YUMA Street, Phoenix, AZ 85007 | Jun 12, 2026 | 4 bd · 2,060 sqft | $299,000 | 0.3 mi |
| 1945 W SHERMAN Street 23, Phoenix, AZ 85009 | Apr 27, 2026 | — | $105,000 | 0.3 mi |
MLS timeline
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.
Continue comparing
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
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