326 N 18th Avenue, Phoenix, AZ 85007

$389,700
Property Type: Multiple Dwellings Status: Active
Current Price: $389,700 Last Modified: 7/19/2026

Overview

Description

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

Supplements: 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 ...

Listing Details MLS# 7055964

Location, Tax & Legal

House Number
326
Compass
N
Street Name
18th
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85007
Country
US
County Code
Maricopa
Subdivision
Oakland
Assessor Number
111-24-024
Tax Year
2025
Assessor's Map #
24
Assessor's Parcel #
24
Add'l Parcels
No
Tax Municipality
Phoenix
Taxes
928
Legal
OAKLAND
Marketing Name
OAKLAND

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
59.98 x 144.94 x 60.79 x 144.81
Year Built
1926
Uncvrd Parking Spcs
4
Total # of Units
2
# of Buildings
Yes
Zoning
R-5
Flood Zone
TBD
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District
Elementary School
Capitol Elementary School
Jr. High School
Capitol Elementary School
High School
Central High School

Remarks Misc

Cross Street
Van Buren and 19th Ave
Directions
East to 18th Avenue. North on 18th Avenue to property on the left. Look for the sign. Two properties available, 324 and 326 N 18th.

Legal Info

Lot Number
15

Income Expenses

Gross Annual Sch Inc
24300
Net Operating Income
23085

More Information

Showing Notification Methods

Showing Service
Aligned Showings

1 Bedroom Units

# 1 Bedroom Units
Yes
Avg Rent
775
Avg SqFt
910
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1200
Avg SqFt
1100
# Baths
Yes

Project Type

Duplex
Yes

Construction

Block
Yes

Const - Finish

Stucco
Yes

Roofing

Built-Up
Yes
Foam
Yes

Floors

Laminate
Yes
Tile
Yes
Vinyl
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Wtr/Swr Exp
1800
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
2728
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
23085

Pmt & Rate Info

Cap Rate
5.92
Equity
389700
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Forced Air
Yes
Electric
Yes

Cooling

Central Air
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Free-Standing Electric Oven
Yes
Refrigerator
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
Add'l Parking Avail
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Duplex Construction: Block Const - Finish: Stucco Roofing: Built-Up; Foam Floors: Laminate; Tile; Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Electric Oven; Refrigerator; Washer/Dryer Heating: Forced Air Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; Add'l Parking Avail Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Special: Owner/Agent Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Environmental: None
IDX
Listing Office: Cadaci Realty
Last Updated: July - 19 - 2026
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