4016 S 12TH Street 21, Phoenix, AZ 85040, Phoenix AZ 85040
Excellent investment opportunity in Phoenix! This 0.58-acre multifamily-zoned lot offers strong development potential in a rapidly growing area. Ideally situated near major freeways and surrounded by new residential and multifamily development, with a large warehouse project coming soon directly across the street. The property offers investors an opportunity to explore multifamily development. Convenient location with significant growth and new construction throughout the surrounding area.
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 47th 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 $332,500, and the median is $285 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 |
|---|---|---|---|---|
| 1021 E ODEUM Lane, Phoenix, AZ 85040 | Sep 30, 2026 | 4 bd · 1,992 sqft | $406,000 | 0.2 mi |
| 1331 E PUEBLO Avenue, Phoenix, AZ 85040 | Aug 19, 2026 | 8 bd | $417,500 | 0.3 mi |
| 4437 S 8TH Place S, Phoenix, AZ 85040 | Sep 30, 2026 | 3 bd · 1,167 sqft | $345,050 | 0.4 mi |
| 4610 S 8TH Place, Phoenix, AZ 85040 | Apr 16, 2026 | 1 bd · 609 sqft | $132,500 | 0.5 mi |
| 4602 S 8TH Street, Phoenix, AZ 85040 | May 29, 2026 | 3 bd · 1,204 sqft | $330,000 | 0.5 mi |
| 1010 E CHIPMAN Road, Phoenix, AZ 85040 | Sep 17, 2026 | 2 bd · 736 sqft | $250,000 | 0.5 mi |
| 5023 S 11TH Street, Phoenix, AZ 85040 | Aug 4, 2026 | 3 bd · 1,053 sqft | $335,000 | 0.6 mi |
| 4622 S 7TH Street 3, Phoenix, AZ 85040 | May 4, 2026 | — | $215,000 | 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.
- $290,000 · Active
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Similar active homes in Phoenix
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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