2804 E BROADWAY Road -, Phoenix, AZ 85040, Phoenix AZ 85040
Exceptional development opportunity at the highly visible northeast corner of Broadway Road and 28th Street in Phoenix. This offering consists of four parcels totaling a prime infill site with approximately 275 feet of frontage along Broadway Road and 145.2 feet of frontage on 28th Street, providing outstanding exposure and accessibility. Zoned R-5 Multi-Family High Density, allowing up to 43.5 units per acre, the property presents significant potential for apartment, townhome, or other residential development. Strategically located within a designated City of Phoenix Opportunity Zone, offerin
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 Phoenix
This property is grouped with the current listings without a reported bedroom count in Phoenix. Its asking price falls near the 69th 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
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 $400,000, and the median is $248 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 |
|---|---|---|---|---|
| 2730 E BROADWAY Road, Phoenix, AZ 85040 | May 29, 2026 | 4 bd · 2,020 sqft | $437,500 | 0.1 mi |
| 2722 E MARGUERITE Avenue, Phoenix, AZ 85040 | May 11, 2026 | 3 bd · 1,402 sqft | $335,000 | 0.2 mi |
| 2743 E TAMARISK Avenue, Phoenix, AZ 85040 | Jun 15, 2026 | 4 bd · 1,667 sqft | $370,000 | 0.3 mi |
| 2544 E MARGUERITE Avenue, Phoenix, AZ 85040 | Aug 3, 2026 | 3 bd · 1,596 sqft | $415,000 | 0.3 mi |
| 3802 S 28TH Street, Phoenix, AZ 85040 | Aug 31, 2026 | — · 11,779 sqft | $1,680,000 | 0.4 mi |
| 2532 E JONES Avenue, Phoenix, AZ 85040 | Jun 12, 2026 | 3 bd · 1,166 sqft | $325,000 | 0.4 mi |
| 2502 E TAMARISK Avenue, Phoenix, AZ 85040 | Jun 12, 2026 | 4 bd · 1,686 sqft | $435,000 | 0.4 mi |
| 2814 E ATLANTA Avenue, Phoenix, AZ 85040 | Sep 30, 2026 | 3 bd · 1,453 sqft | $385,000 | 0.4 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.
- $640,000 · Active
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