$5,995,000
5544 N 59th Avenue #_
- Listed
- May 18, 2026
- Since listed
- 126 days
- Lot
- 7.32 acre lot
Home highlights
- No HOA
About this home
Prime Glendale Multifamily Development Opportunity. Located in the heart of rapidly growing Glendale, this exceptional ±7-acre multifamily development site presents a rare turnkey opportunity for developers and builders seeking a construction-ready apartment project in one of the Phoenix metro area's strongest rental markets. Strategically positioned near 59th Avenue & Missouri Avenue, the property is fully approved for 120 apartment units (30 One-Bedroom Units & 90 Two-Bedroom Units), with plans, permits, and entitlements already in place--helping significantly reduce development timelines, risk, and carrying costs.
From ARMLS
Property details
Systems & utilities
- Electric
- SRP
- Sewer
- Sewer - Available, Sewer - Public
- Water source
- City Franchise
Lot, exterior & construction
- Lot size
- 7.32 acre lot
- Lot features
- See Remarks, East/West Exposure, Corner Lot, Dual Street Ftg, North/South Exp
- Fencing
- None
- Other structures
- None
Location
Explore the neighborhood
5544 N 59th Avenue #_, Glendale, AZ 85301
Map location is based on MLS coordinates. Verify the exact property location before visiting.
Schools
- Elementary
- William C Jack School
- Middle
- Don Mensendick School
School assignments can change and are not guaranteed. Please verify enrollment directly with the district.
Listing information
- Status
- Active
- MLS number
- 7030134
- Listed
- May 18, 2026
- Last updated
- Sep 16, 2026, 7:15 PM MST
- County
- Maricopa
- Previous tracked price
- $6,995,000
- Verified price reduction
- $1,000,000 (14.3%)
- Price reduced
- Sep 17, 2026
- Tax year
- 2025
- Listing terms
- Cash, 1031 Exchange, Conventional
- Special conditions
- N/A
- Listing agent
- Azad Zolnoorian
- Listing brokerage
- Realty ONE Group
Listing courtesy of Azad Zolnoorian, Realty ONE Group.