1945 W SHERMAN Street 23, Phoenix, AZ 85009
New Listing
$115,000
Property Type:
Land
Lot Size (sq. ft.):
5,101
Status:
Active
Current Price:
$115,000
List Date:
2/24/2026
Last Modified:
2/24/2026
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.
More Information MLS# 6989091
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $115,000
List Price: $115,000
Status: Active
List Date: 2026-02-24
Location, Tax & Legal
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
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
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'
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
Zoning: R-3
Legal Info
Range: 2E
Section: 12
Township: 1N
Lot Number: 23
Special Listing Cond
N/A: 1
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
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Existing Land Use
Residential Lot: 1
Zoned Presently
Single Family: 1
Multi-Family: 1
Parcel Size
.0 - .24 Acres: 1
Land Features
North/South Exp: 1
Land Configuration
Square Rectangular: 1
Road Access Type
City Street: 1
Fencing
Chain Link: 1
Water Source
None: 1
Sewer
No Sewer/Septic: 1
Electric
None: 1
Topography
Level: 1
Gas
None: 1
Distance to Cable
None: 1
New Financing
Cash: 1
Distance to Phone
None: 1
Distance to Water
Within 1/2 Mile: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
Within 1/2 Mile: 1
Distance to Gas
Within 1/2 Mile: 1
Distance to Sewer
Within 1/2 Mile: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
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.
Geo Lat: 33.440033
Geo Lon: -112.102022
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
Last Updated: February - 24 - 2026
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