5016 N 21ST Avenue, Phoenix, AZ 85015, Phoenix AZ 85015
This redevelopment opportunity is ideally located in a prime Central Phoenix location near Grand Canyon University. Highest and best value is in the land and multifamily zoning. Zoned R-3, the property offers rare density potential for an infill townhome, duplex, or 8-10+ unit residential project (buyer to verify unit count/site plan with the City of Phoenix), complete with rear alley access. Located in a qualified opportunity zone. Large 1/2 acre plus lot. Commuting is made easy with close proximity to three major highways (I-17, I-10, AZ-51) and the Phoenix Light Rail. Tenant occupied 3 b
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 offered at $403 per square foot, compared with a $260 median for active 3-bedroom homes in Phoenix. Its asking price falls near the 74th percentile of that active group. The comparison uses 2,597 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
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 $296,250, and the median is $216 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 |
|---|---|---|---|---|
| 2042 W PASADENA Avenue, Phoenix, AZ 85015 | Jun 26, 2026 | 2 bd · 879 sqft | $285,000 | 0.1 mi |
| 2031 W PIERSON Street, Phoenix, AZ 85015 | Apr 27, 2026 | 3 bd · 1,544 sqft | $297,500 | 0.2 mi |
| 5141 N 22ND Avenue, Phoenix, AZ 85015 | Jun 30, 2026 | 4 bd · 1,760 sqft | $380,000 | 0.2 mi |
| 2051 W ELM Street, Phoenix, AZ 85015 | Apr 6, 2026 | 4 bd · 1,704 sqft | $231,000 | 0.2 mi |
| 2021 W PIERSON Street, Phoenix, AZ 85015 | Apr 17, 2026 | 3 bd · 1,704 sqft | $312,000 | 0.2 mi |
| 2119 W ELM Street, Phoenix, AZ 85015 | Jun 11, 2026 | 3 bd · 1,134 sqft | $245,000 | 0.3 mi |
| 2302 W ORANGE Drive, Phoenix, AZ 85015 | Jun 17, 2026 | 4 bd · 2,124 sqft | $489,000 | 0.3 mi |
| 2016 W OREGON Avenue, Phoenix, AZ 85015 | Jul 8, 2026 | 2 bd · 924 sqft | $295,000 | 0.3 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.
- $525,000 · Active
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