4525 N 40TH Street Phoenix, AZ ^$ 11,600,000

4525 N 40TH Street

^$ 11,600,000

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4525 N 40TH Street

Phoenix, AZ, 85018

^$ 11,600,000

Studio Baths0.0

Monthly Estimate*

^$ 72,369

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $11,600,000. This home was built in 2023.

8 brand new high end condos in the coveted Arcadia area known for great office, retail and restaurants. All 3 bed 3 bath 2 car garage Average about 2500 sq ft. Currently renting out for $5000/month-7000/month. Each unit has it's own private elevator.

Multi-Family Active

Price

^$ 11,600,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 44,000

Style

Multiple Dwellings

Year Built

2023

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6917400

Features

General

Sewer Public Sewer

Heating Natural Gas

Cooling Central Air

Roof Foam

Zoning C-N

Construction Materials Wood Frame Stucco

Year Built 2023

Electric SRP

Township 2N

Tax Year 2022

Ownership Condominium Condominium

Gross Income 528000.0

Community Features No Pool

County Maricopa

Net Operating Income 579600.0

Operating Expense 96500.0

Insurance Expense 3600.0

Property Type Multiple Dwellings

Subdivision Name LUXE ON 40TH

Garage Y/N Y

Status Active

Directions South to Property

City Phoenix

Disclosures Seller Prop Disc Stm

High School District Scottsdale Unified District

Open Parking Spaces 5.0

Number Of Units Total 8

Lot Size Square Feet 0.0

Carport Y/N N

Tax Annual Amount 44000.0

Electric Expense 0.0

Fuel Expense 2400.0

Trash Expense 0.0

Water Sewer Expense 5000.0

Lease Renewal Y/N N

Additional Parcels Y/N Y

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Elementary School District Scottsdale Unified District

Tax Lot 5

Cap Rate 5.0

New Financing: Conventional True

Senior Community N

Interior

Flooring Ceramic Tile

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Water Source City Franchise

Total Parking 21.0

Lot Size Area 0.0

Number of Buildings 2

Spa N

Lot Dimensions 180 x 120

Lot Size Acres 0.0

Covered Spaces 16.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 4525

* Excluded Features

List By

Network Realty

Broker

warrenpetersen77@gmail.com

Affordability Calculator

$76,036

Per Month

Monthly Principal & Interest: $72,369
Monthly Property Taxes: $3,667
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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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THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,164,455

Percent of Sale Price 90%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327690 Elementary School

4327324 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/10/2025	$11,600,000		Listed Price

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4525 N 40TH Street, Phoenix, AZ, 85018 is a Multi-Family Home for sale at $11,600,000. 4525 N 40TH Street is a studio with 0.0 baths and was built in 2023. The property's zip code is 85018 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/5/2025.

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4525 N 40TH Street

Multi-Family Home for sale in Phoenix, AZ

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