320 E Hatcher Road, Phoenix, AZ 85020

$695,000
Property Type: Multiple Dwellings Status: Active
Current Price: $695,000 Last Modified: 4/27/2026

Overview

Description

Seller may consider seller financing. Shovel ready, fully approved project awaiting a developer to pull permits. Plan set conveys with sale. This 2 story, 20 unit multi-family project is zoned as R-5 High Density Multi-Family located within the Hatcher District Overlay that allows restaurants, office, and retail within new developments. There are 10 garages, 20 additional surface parking spaces, 4 three bed/two bath, 6 two bed/two bath, 2 one bed/one bath, and 8 studios. The development consists of 16,396 square feet.

Listing Details MLS# 7018158

Location, Tax & Legal

House Number
320
Compass
E
Street Name
Hatcher
St Suffix
Road
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85020
Country
US
County Code
Maricopa
Assessor Number
159-45-141
Tax Year
2025
Assessor's Map #
45
Legal Description (Abbrev)
LOT 1 HATCHER APARTMENTS MCR 189017
Assessor's Parcel #
141
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
104600
Taxes
624
Legal
LOT 1 HATCHER APARTMENTS MCR 189017
Marketing Name
The Norton

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
218 x 137
Year Built
2026
Uncvrd Parking Spcs
21
Total # of Units
20
# of Buildings
Yes
Zoning
R5
Flood Zone
No
Elementary School District
Washington Elementary School District
High School District
Glendale Union High School District
Elementary School
Sunnyslope Elementary School
Jr. High School
Sunnyslope Elementary School
High School
Sunnyslope High School

Remarks Misc

Cross Street
Hatcher and 3rd Street
Directions
From AZ-51 and Northern Avenue, West on Northern, North on 7th Street, West on Hatcher to property.

Legal Info

Lot Number
Yes

Showing Notification Methods

Showing Service
Aligned Showings

More Information

Efficiency Units

# Efficiency Units
8
# Baths
Yes
Avg Rent
0

1 Bedroom Units

# 1 Bedroom Units
2
# Baths
Yes
Avg Rent
0

2 Bedroom Units

# 2 Bedroom Units
6
# Baths
2
Avg Rent
0

3 Bedrooms Units

# 3 Bedroom Units
4
# Baths
2
Avg Rent
0

Project Type

13 - 24 Units
Yes

Construction

Wood Frame
Yes

Const - Finish

Stucco
Yes

Construction Status

To Be Built
Yes

Roofing

Foam
Yes

Floors

Vinyl
Yes

Sale Includes

Other (See Remarks)
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
624
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Equity
695000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes
Barbecue
Yes

Heating

See Remarks
Yes

Cooling

See Remarks
Yes

Tenant Pays

Other (See Remarks)
Yes

Appliances Included

See Remarks
Yes

Road Access Type

City Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

See Remarks
Yes

Sewer

See Remarks
Yes

Parking Features

See Remarks
Yes

Electric

Other (See Remarks)
Yes

Gas

Other (See Remarks)
Yes

Owner Pays

See Remarks
Yes

New Financing

Cash
Yes
Owner May Carry
Yes
Wraparound
Yes
1031 Exchange
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Private
Yes

Reports/Disclosures

Soil Test
Yes
Boundary Survey Avlb
Yes
ALTA Survey Availbl
Yes
Development Plan Avl
Yes

Environmental

Phase I Available
Yes

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 13 - 24 Units Construction: Wood Frame Const - Finish: Stucco Construction Status: To Be Built Roofing: Foam Floors: Vinyl Sale Includes: Other (See Remarks) Community Features: No Pool; Barbecue Appliances Included: See Remarks Heating: See Remarks Cooling: See Remarks Water Source: See Remarks Sewer: See Remarks Electric: Other (See Remarks) Gas: Other (See Remarks) Parking Features: See Remarks Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: See Remarks Tenant Pays: Other (See Remarks) Source of Fincl Data: Projected Proforma Special: Owner/Agent Lockbox Type: None Existing 1st Loan: Private New Financing: Cash; Owner May Carry; Wraparound; 1031 Exchange Environmental: Phase I Available
IDX
Listing Office: Grayson Real Estate
Last Updated: April - 27 - 2026
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