326 N 18th Avenue, Phoenix, AZ 85007, Phoenix, 85007 - 0 bed, 0 bath
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Phoenix, AZ 85007
Analysis of 326 N 18th Avenue, Phoenix, AZ 85007 is currently available with a list price of $389,700. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Originally built in 1926, the property shows signs of partial renovations (likely 15-20 years ago) including shaker-style kitchen cabinets, granite counters, and some tile flooring. However, other areas show aged hardwood and dated finishes. While functional and currently leased, the heavy marketing focus on 'redevelopment potential' and 'land value' indicates the structures and systems are nearing the end of their economic life.
The R-5 multi-family zoning provides significant development upside, allowing for a higher density of up to 5 units on this parcel alone.
Both units are currently leased and generating rental income, offering a 'buy and hold' opportunity while the owner pursues redevelopment entitlements.
The ability to purchase the adjacent lot from the same seller creates a combined 0.4-acre site, doubling the development footprint for a larger 10-unit project.
Built in 1926, the century-old structure may require significant maintenance or capital improvements if not immediately cleared for redevelopment.
The property is served by schools with lower performance ratings (3 and 4 out of 10), which may limit the appeal for long-term family tenants.
Development Potential - Zoned R-5. Duplex built in 1926 on a 8,700 square foot lot (0.2 acres) in the Oakland subdivision. Each unit includes 2 bedrooms and 1 bathroom. The property also includes a detached residential garage. Construction is masonry and reinforced concrete tilt up frame. Both units are currently leased and produce rental income. Zoning is R-5 (multiple family residential), and the lot sits directly beside 324 N 18th Ave, a single family home under the same seller. Purchased together, the two parcels total 0.4 acres of R-5 land, positioned for redevelopment into multiple rental units. 324 N 18th Ave and 326 N 18th Ave sit side by side, share R-5 zoning, and total 0.4 acres. Both properties generate income under current use, which lets a buyer hold and collect rent while pursuing entitlements. A developer building to R-5 density standards could redevelop the combined site into as many as 10 rental units, 5 per parcel. Confirm current development standards, parking requirements, and permitted density with the City of Phoenix Planning and Development Department before finalizing a redevelopment plan. Buyer to perform all due diligence.
No exterior & parking available.
Grades PK-8 • 0.2 mi
Grades 9-12 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,699 | - |
| Lot Size | - | - |
| Price | $389.7K | $228.9K |
| Price per sq ft | $229 | $256 |
| Built year | 1926 | 0 |
| HOA | $0 | $0 |
| Days on market | 5 | 4774 |
Jul 18, 2026
$389,700
Initial Listing