2601 E PARADISE Lane, Phoenix, AZ 85032

$499,000
Property Type: Multiple Dwellings Status: Active
Current Price: $499,000 Last Modified: 10/19/2026

Overview

Description

Situated on an expansive 35,480-square-foot (approximately 0.81-acre) lot in an evolving North Phoenix neighborhood, this R-3 zoned property presents a compelling opportunity for investors, developers, and visionaries looking to capitalize on the area's continued revitalization and long-term growth potential. Previously operating as a six-unit residential compound with multiple income-producing residences, the property offers a unique opportunity to reimagine its next chapter. The site has sustained significant fire damage, with only one of the original buildings remaining standing, creating an opportunity to explore redevelopment, reconstruction, or an entirely new residential investment concept.

Supplements: With its generous lot size, established residential surroundings, and convenient proximity to major transportation corridors, shopping, dining, and employment centers, the property offers an attractive foundation for a potential income-producing development. Whether envisioning multifamily housing, a thoughtfully designed residential compound, or a ...

Listing Details MLS# 7095968

Location, Tax & Legal

House Number
2601
Compass
E
Street Name
PARADISE
St Suffix
Lane
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85032
Zip4
3538
Country
US
County Code
Maricopa
Subdivision
KAY ACRES
Assessor Number
214-40-022-D
Tax Year
2025

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
35480 sf/.81 acres
Year Built
1984
Uncvrd Parking Spcs
14
Total # of Units
6
# of Buildings
3
Zoning
R-3
Flood Zone
No
Elementary School District
Paradise Valley Unified District
High School District
Paradise Valley Unified District
Elementary School
Whispering Wind Academy
Jr. High School
Explorer Middle School
High School
Paradise Valley High School

Remarks Misc

Cross Street
Cave Creek & Bell
Directions
Cave Creek Rd north of Greenway to Paradise.

Legal Info

Township
3N
Range
3E
Section
2
Lot Number
18

Showing Notification Methods

Showing Service
Aligned Showings

More Information

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition; Built-Up Floors: Tile; Ceramic Tile; Carpet; Other Sale Includes: Other (See Remarks) Community Features: No Pool Appliances Included: Free-Standing Range; Dishwasher Cooling: Electric; Heat Pump; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: Other (See Remarks) Parking Features: Other Road Surface Type: Asphalt Owner Pays: See Remarks Tenant Pays: Other (See Remarks) Source of Fincl Data: Other (See Remarks) Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 2nd Loan: Treat as Free&Clear New Financing: Cash Environmental: None
IDX
Listing Office: Keller Williams Realty Sonoran Living
Office Phone: 480-948-3338
Office Email: jeffmurray@kw.com
Last Updated: October - 19 - 2026
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