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1624 E Portland St
Phoenix, AZ 85006
Land For Sale · 1.34 AC

Investment Highlights

  • Approved for 17 Townhomes for Rent
  • Near Roosevelt Row and DTPHX
  • Located in an Opportunity Zone and Qualified Census Tract
  • Positioned Ahead of the Next Multifamily Cycle

Executive Summary

This ±1.34-acre infill site offers an entitled, shovel-ready multifamily opportunity in one of Phoenix's most active urban corridors. Approved for 17 townhomes for rent and located within both an Opportunity Zone and a Qualified Census Tract, the property is ideally timed for a developer looking to position ahead of the next multifamily cycle — as the Phoenix pipeline thins and demand fundamentals reassert. C-2 zoning also supports a range of alternative uses — including self-storage, specialty or high-end vehicle storage, and other commercial concepts — for investors seeking flexibility. With direct I-10 access, proximity to Roosevelt Row, and a wave of residential development actively underway in Downtown Phoenix, this site is well-positioned for a developer ready to move.

Property Facts

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Multifamily
Total Lot Size 1.34 AC
Opportunity Zone Yes
Zoning C-2 - C-2, Commercial

1 Lot Available

Lot

Price $1,704,575 CAD
Price Per AC $1,272,070.87 CAD
Lot Size 1.34 AC

Prime Urban Infill - Downtown Phoenix

Property Taxes

Property Taxes

Parcel Number
116-15-096B
Land Assessment
$36,766 CAD
Improvements Assessment
$0 CAD
Total Assessment
$36,766 CAD
  • Listing ID: 40367458

  • Date on Market: 2026-05-01

  • Last Updated:

  • Address: 1624 E Portland St, Phoenix, AZ 85006

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