Discover an unparalleled opportunity in the heart of Midtown Phoenix's Melrose District with this extraordinary 2.43-acre parcel of land, presenting a prime multifamily builder opportunity. Boasting approved plans for a 39-unit condominium/apartment building, this property is poised for immediate development. Special financing terms make this venture even more enticing, and with a remarkable 83 Walk Score, future residents will enjoy convenient access to a plethora of amenities. Don't miss out on this chance to shape the landscape of the vibrant Melrose District. Inquire about special seller f
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 91st 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 $584,643, and the median is $355 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 |
|---|---|---|---|---|
| 4330 N 5TH Avenue 211, Phoenix, AZ 85013 | Sep 3, 2026 | 2 bd · 838 sqft | $160,000 | 0.0 mi |
| 511 W ROMA Avenue, Phoenix, AZ 85013 | Jul 9, 2026 | 3 bd · 2,012 sqft | $634,286 | 0.2 mi |
| 4220 N 3RD Avenue, Phoenix, AZ 85013 | Jun 24, 2026 | 5 bd | $535,000 | 0.2 mi |
| 4305 N 9TH Avenue, Phoenix, AZ 85013 | Apr 14, 2026 | 4 bd · 1,365 sqft | $485,000 | 0.2 mi |
| 4246 N 2ND Drive, Phoenix, AZ 85013 | Apr 9, 2026 | 2 bd · 1,380 sqft | $490,000 | 0.2 mi |
| 515 W CAMPBELL Avenue, Phoenix, AZ 85013 | Jun 26, 2026 | 3 bd · 1,622 sqft | $650,000 | 0.2 mi |
| 4134 N 7TH Avenue, Phoenix, AZ 85013 | Jul 1, 2026 | — · 1,501 sqft | $699,744 | 0.2 mi |
| 220 W MONTEROSA Street, Phoenix, AZ 85013 | Aug 12, 2026 | 8 bd | $1,525,000 | 0.2 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.
View all Phoenix homes for sale · See the Phoenix market report