# 5228 S 3RD Street #31, Phoenix, AZ 85040

> **TL;DR:** land, $285,000. Est. $1,524/mo. Listed 43 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $285,000 |
| Lot Size | 12,197 sqft (0.28 acres) |
| Property Type | Land (Other) |
| Status | Active |
| Days on Market | 43 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,441 |
| Estimated Insurance | $83 |
| **Total** | **$1,524** |

## Nearby Schools

- **Elementary:** Sunland Elementary School
- **Middle:** Sunland Elementary School
- **High:** South Mountain High School

## Property Highlights

- 0.28 acre lot

## Description

### Agent Description
Builders, investors, or owner-users. Ready-to-take-over duplex project? ''Rare chance to acquire a 12,150 SF multifamily lot with an approved duplex project already underway.'' YES, APPROVED PLANS AND PERMITS INCLUDED, which may save 10+ months in plans approval. The Site is substantially prepared with duplex pad completed and foundation excavation and forms in place. Ideal for builders, investor or owner users who wants to own an income producing property living in one unit and renting the other. A unique opportunity to move forward with a project already past key time consuming stages.

## Location

- **Address:** 5228 S 3RD Street #31, Phoenix, AZ 85040
- **County:** Maricopa
- **Coordinates:** 33.398775, -112.070376
- **Google Maps:** https://www.google.com/maps?q=33.398775,-112.070376

## Listing Agent

- **Name:** Efrain Verduzco
- **Brokerage:** Barrett Real Estate
- **Broker Phone:** (480) 967-1333
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/5228-S-3rd-St_Phoenix_AZ_85040_M12500-92449?f=listhub&s=ARMLSAZ&m=7081359&c=propsimple)

## Photos

![5228 S 3RD Street #31 - Photo 1](http://lh.rdcpix.com/87081386e3265e36367c4e86833053cbl-f2027670129r.jpg)

![5228 S 3RD Street #31 - Photo 2](http://lh.rdcpix.com/87081386e3265e36367c4e86833053cbl-f4213247511r.jpg)

![5228 S 3RD Street #31 - Photo 3](http://lh.rdcpix.com/87081386e3265e36367c4e86833053cbl-f2442786452r.jpg)

![5228 S 3RD Street #31 - Photo 4](http://lh.rdcpix.com/87081386e3265e36367c4e86833053cbl-f1131865749r.jpg)

![5228 S 3RD Street #31 - Photo 5](http://lh.rdcpix.com/87081386e3265e36367c4e86833053cbl-f133980047r.jpg)

![5228 S 3RD Street #31 - Photo 6](http://lh.rdcpix.com/87081386e3265e36367c4e86833053cbl-f1631215451r.jpg)

---

**MLS#:** 7081359 | **Updated:** 2026-10-24
**Source:** listhub

*Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/5228-s-3rd-street-phoenix-az-85040-702d8e38000c43b39a9947f4da7c0d5c)

---

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