8047 S 2ND Street, Phoenix, AZ 85042, Phoenix, 85042 - 3 bed, 2 bath
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Phoenix, AZ 85042
Analysis of 8047 S 2ND Street, Phoenix, AZ 85042 is currently available with a list price of $900,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property was built in 1966 (58 years old) with no evidence of renovation. The listing focuses almost entirely on the 2.68-acre land value and multifamily redevelopment potential, while images show structures in a state of severe neglect and dilapidation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 116741, living area = 1524.
The 2.68-acre parcel is zoned R-3 with a conceptual capacity for approximately 45 units and potential upside through R-4 rezoning, making it a premier infill opportunity.
Located just two blocks from the light rail with immediate access to I-10, Loop 202, and Sky Harbor Airport, the site is perfectly positioned to capture high residential demand.
The existing residential structures and workshop require extensive renovation and are sold in as-is condition, likely necessitating demolition or significant capital for redevelopment.
The property's value is tied to its development potential, requiring the buyer to navigate and verify zoning density, utility availability, and municipal approvals.
Now offered at $900,000 (previously $1,100,000), this 2.68-acre parcel presents a compelling infill opportunity in a rapidly evolving South Phoenix corridor near South Mountain Park. Zoned R-3 with strong potential for multifamily use (buyer to verify density; conceptually ~45 units), and possible upside through rezoning to R-4 for increased density. Dual access from both 2nd Street and 3rd Street enhances site planning, circulation, and potential unit layout efficiency. Flat, usable acreage with existing improvements including a 3BD/2BA residence and a separate 1BD/1BA structure. Improvements require renovation. Additional features include a workshop, covered pavilion, and open land suitable for staging or phased use. Strategically located just two blocks from light rail with... convenient access to I-10 freeway, Loop 202, and Phoenix Sky Harbor International Airport, supporting strong connectivity for future residential demand. Surrounded by ongoing residential growth and positioned within a transit-accessible corridor, this site offers long-term upside for developers, builders, or land investors seeking scale in an infill location. Ideal for multifamily, build-to-rent, or land hold strategies. Buyer to verify zoning, density, utilities, and all material facts. Sold as-is.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,524 | 1,869 | 25% |
| Lot Size | 116,741 | 7,200 | 99% |
| Price | $900.0K | $399.0K | 95% |
| Price per sq ft | $591 | $228 | 99% |
| Built year | 1966 | 2000 | 9% |
| HOA | $0 | $95 | 35% |
| Days on market | 56 | 1444 | 1% |
Apr 21, 2026
$900,000
Initial Listing