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3139 N 40TH Street Phoenix, AZ $ 2,549,000
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$ 2,549,000 Get more info
3139 N 40TH Street
$ 2,549,000
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Share Save

3139 N 40TH Street

Phoenix, AZ, 85018
$ 2,549,000
Baths0.0

Monthly Estimate*

$ 15,902

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $2,549,000. This home was built in 1955.

On nearly a half-acre in Arcadia Lite, this property has a 3 bed & 2 bath single family house and a four plex. Each unit of the four plex is a full 1 bed & 1 bath with private backyard areas. This property is the perfect opportunity for a long-term rental, short-term rental, sober living, residential assisted living, etc! Full cosmetic remodel completed in 2022, this property is an investors dream. The property is equipped with a pool which is closed off to only the main house, putt-putt golf, and bocce ball. Block walls around the perimeter of the house give full privacy. Property had a 2 year tenant paying $24K/mo and averaged $28K/mo in January, February and March of 2025. Financials for the property are available in the Documents Tab of this listing.

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Multi-Family Active

Price

$ 2,549,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,138

Style

Multiple Dwellings

Year Built

1955

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6874576
Features
General
Sewer Public Sewer
Heating Natural Gas
Cooling Electric
Roof Composition Tile Foam
Zoning R-3
Construction Materials Brick Veneer Painted Adobe Block
Year Built 1955
Electric SRP
Township 2N
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 252000.0
Community Features Other See Remarks Play Area Heated Pool(s) Pool
County Maricopa
Net Operating Income 132000.0
Operating Expense 2138.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name PALO ALTO PARK
Garage Y/N N
Status Active
High School Arcadia High School
City Phoenix
Disclosures None
High School District Scottsdale Unified District
Open Parking Spaces 11.0
Number Of Units Total 5
Lot Size Square Feet 0.0
Carport Y/N N
Elementary School Tavan Elementary School
Tax Annual Amount 2138.0
Middle/Junior High School Ingleside Middle School
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Interim Occupant
Elementary School District Scottsdale Unified District
Tax Lot 10
Cap Rate 5.08
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features <1 Space Per Unit
Water Source City Franchise
Total Parking 14.0
Lot Size Area 0.0
Number of Buildings 2
Spa N
Lot Dimensions 0.432 acres / 18 820 sqft
Lot Size Acres 0.0
Covered Spaces 3.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 3139
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* Excluded Features
List By
Gentry Real Estate

Broker

bryant@greenelephantdevelopment.com

Email

Affordability Calculator

$16,081
Per Month
99%
1%
0%
Monthly Principal & Interest
$15,902
Monthly Property Taxes
$178
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327388 Elementary School
4326983 Middle School
Arcadia High School High School
See complete school information
Pricing History
Date Price Price Change Description
11/22/2025 $2,549,000 -1.92% Price Down
6/27/2025 $2,599,000 -1.89% Price Down
6/2/2025 $2,649,000 Listed Price

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3139 N 40TH Street, Phoenix, AZ, 85018 is a Multi-Family Home for sale at $2,549,000. 3139 N 40TH Street is a studio with 0.0 baths and was built in 1955. The property's zip code is 85018 which is in Phoenix, AZ

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