6312 N 64TH Drive, Glendale, AZ 85301, Glendale, 85301 - 3 bed, 2 bath
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Glendale, AZ 85301
This property presents a High-Potential Investment Opportunity with a List Price of $235,000—positioned well below the $237,598 Fair Market Value by 1%. This valuation gap offers $2,598 in Instant Equity. Featuring a Condition Rating of 6, the existing structure requires significant modernization, yet the 12,598 sqft lot provides exceptional Development Potential for up to 4 units. This is a strategic Asset ideal for Real Estate Developers or Buy-and-Hold Investors seeking to maximize density through parcel assemblage.
Property is land value only, full reconstruction required.
Built in 1948 (>75 years old) with no evidence of recent renovations. The listing explicitly focuses on land value and development potential for multi-unit housing, and the actual site photo shows a dilapidated structure in unlivable condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12598, living area = 1683.
The property offers significant upside for investors with the ability to accommodate up to 4 units on the current lot, maximizing land utility and density.
The availability of two adjacent parcels allows for a larger development site of up to 17 units, providing rare scalability and value-add potential in an established market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12598, other record lot size in square feet = 47480.
Built in 1948, the existing 1,683 sqft structure likely requires extensive modernization or serves primarily as a tear-down, adding to the total project cost.
Achieving the maximum unit count requires the successful acquisition of multiple parcels and navigating municipal zoning and permitting processes, which involves inherent risk and time.
This property offers endless possibilities for investors, developers, and builders alike. The lot has the potential to accommodate up to 4 units, while the seller is also offering the two adjacent parcels for sale, creating the opportunity to assemble a larger development site with the potential for 9 Units with lot A & C and up to 17 units with the 3 lots package with This property presents a rare opportunity to maximize value and future returns
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,683 | 1,909 |
| Lot Size | 12,598 | 7,371.5 |
| Price | $235.0K | $1.02M |
| Price per sq ft | $140 | $496 |
| Built year | 1948 | 1935 |
| HOA | $0 | $212 |
| Days on market | 43 | 1527 |
Jun 9, 2026
$235,000
Initial Listing