1945 W SHERMAN Street 23, Phoenix, AZ 85009

$115,000
Property Type: Land Lot Size (sq. ft.): 5,101 Status: UCB (Under Contract-Backups)
Current Price: $115,000 List Date: 2/24/2026 Last Modified: 4/19/2026

Overview

Description

Investor Alert - Prime Downtown Opportunity! Exceptional vacant corner lot adjacent to 1941 W Sherman St, offering rare multifamily development potential in a high-demand urban corridor. Ideal for duplex, triplex, or build-to-rent construction. Secure this infill development opportunity for long-term appreciation & strong ROI. Purchase together with the neighboring property for a discounted combined price of $285K. Rare redevelopment upside in a rapidly growing downtown market. See MLS#6989085 for the Single Family Residence Listing at 1941 W. Sherman St.

Listing Details MLS# 6989091

Location, Tax & Legal

House Number
1945
Compass
W
Street Name
SHERMAN
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85009
Zip4
5914
County Code
Maricopa
Assessor Number
109-63-024
Subdivision
SELLWELL 1 6
Tax Year
2025
Lot #
23
Assessor's Map #
63
Legal Description (Abbrev)
SELLWELL
Assessor's Parcel #
24
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
114402
Taxes
335

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
0.12
Apx Total Acres G/N
G
Price Per Acre
958333.33
Apx SqFt
5101
Price Per SqFt
22.54
Apx SqFt G/N
G
Lot Size Dimensions
49.74' x 108.44' x 49.45' x 108.44'
Zoning
R-3
Elementary School District
Murphy Elementary District
High School District
Phoenix Union High School District
Elementary School
Arthur M Hamilton School
Jr. High School
Arthur M Hamilton School
High School
Central High School

Remarks Misc

Cross Street
Buckeye Rd./19th Ave.
Directions
North on 19th Ave., West on Sherman St. to address on the corner of Sherman St. and 20th Ave.

Legal Info

Township
1N
Range
2E
Section
12
Lot Number
23

Showing Notification Methods

Showing Service
Aligned Showings

More Information

Special Listing Cond

N/A
Yes

Pmt & Rate Info

Equity
115000
Total Owed
0

Assoc/Prop Info

HOA Y/N
N
PAD Fee Y/N
N
Assessed Balance
0
HOA 2 Y/N
N

Lockbox Type

Supra
Yes

Existing Land Use

Residential Lot
Yes

Zoned Presently

Single Family
Yes
Multi-Family
Yes

Parcel Size

.0 - .24 Acres
Yes

Land Features

North/South Exp
Yes

Land Configuration

Square Rectangular
Yes

Road Access Type

City Street
Yes

Fencing

Chain Link
Yes

Water Source

None
Yes

Sewer

No Sewer/Septic
Yes

Electric

None
Yes

Topography

Level
Yes

Gas

None
Yes

Distance to Cable

None
Yes

New Financing

Cash
Yes

Distance to Phone

None
Yes

Distance to Water

Within 1/2 Mile
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Distance to Electric

Within 1/2 Mile
Yes

Distance to Gas

Within 1/2 Mile
Yes

Distance to Sewer

Within 1/2 Mile
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot Zoned Presently: Single Family; Multi-Family Parcel Size: .0 - .24 Acres Land Features: North/South Exp Land Configuration: Square Rectangular Road Access Type: City Street Topography: Level Water Source: None Sewer: No Sewer/Septic Electric: None Gas: None Distance to Cable: None Distance to Phone: None Distance to Water: Within 1/2 Mile Distance to Electric: Within 1/2 Mile Distance to Gas: Within 1/2 Mile Distance to Sewer: Within 1/2 Mile Existing 1st Loan: Treat as Free&Clear New Financing: Cash Environmental: None Lockbox Type: Supra Fencing: Chain Link
Listing Office: Redfin Corporation
IDX
Last Updated: April - 19 - 2026
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