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27547525
27547521

7618 N 61st Ave, Glendale, AZ 85301

CS
AZ BR633405000
SVN | Desert Commercial Advisors
Listed by SVN | Desert Commercial Advisors
$1,260,000
235 days on market
Updated 78 days ago
Opportunity zone

Townhomes on 61 - Multifamily Development Opportunity

Details
Property Type Land
Sub Type Residential
Acreage 2.410
Zoning R-2

61ST AVE APARTMENTS- A 28 UNIT GLENDALE GROWTH OPPORTUNITY | LAND | 2.41 acres

Marketing description

The 61st Ave Apartments development presents a unique opportunity to deliver much-needed housing in one of Glendale’s most stable and established residential corridors. As population growth continues across the West Valley and housing demand intensifies, strategically located infill projects like this are becoming increasingly rare. This 2.41-acre site is fully entitled under R-2 zoning, allowing for medium-density housing that aligns with surrounding land uses. The site’s existing infrastructure, flat topography, and accessible frontage provide a low-friction path to development—minimizing soft costs and streamlining construction schedules. From an investment standpoint, the project offers a compelling balance of reduced entitlement risk and strong long-term fundamentals. Its location—just minutes from Downtown Glendale, Grand Avenue, and major employment hubs—supports steady absorption and future rental growth. Walkability to schools, parks, and public transit enhances resident appeal and broadens the target renter demographic. With site plans approved and permitting complete, this development offers the rare ability to move directly from acquisition to construction. It’s a strategic fit for builders and investors prioritizing speed to market, stable rental demand, and a favorable development envelope in a mature Glendale neighborhood.

Investment highlights

  • 2.41-acre parcel ideal for residential development

  • Zoned R-2 – suitable for duplexes, townhomes, or small multifamily builds

  • Flat topography with strong street frontage and easy access

  • Utilities located nearby, simplifying development timeline Infill location in an established Glendale neighborhood

  • Just south of Northern Ave, minutes from Grand Ave and Downtown Glendale

  • Walkable to schools, local parks, and public transit

  • High-demand rental area with strong long-term growth potential

Listing Contacts

CS
AZ BR633405000
SVN | Desert Commercial Advisors
Listed by SVN | Desert Commercial Advisors

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