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3139 N 40TH Street Phoenix, AZ $ 2,600,000
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$ 2,600,000 Get more info
3139 N 40TH Street
$ 2,600,000
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3139 N 40TH Street

Phoenix, AZ, 85018
$ 2,600,000
Baths0.0

Monthly Estimate*

$ 16,009

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $2,600,000. This home was built in 1955.

Rare investment opportunity in Arcadia Lite! Flexible 5-unit residential compound ideal for residential assisted living, adult care, sober living, transitional housing, or premium rental income with high ROI! Nearly ½-acre property w/ 3BR/2BA single-family+ 4-plex w/ 1BR/1BA units, each w/ private yard! Excellent setup for assisted living or adult care model w/ multiple living spaces & inviting amenities for high quality of life. True turnkey asset w/ full cosmetic remodel in 2022. Low operating expenses & no major capital outlay required to create immediate revenue opportunity. Desirable outdoor living w/ pool, hot tubs, bocce ball and lots of green space. Block wall perimeter with controlled access for privacy & security. Expanded income options w/ minimal modifications too! remodel completed in 2022 makes this a true turnkey asset, reducing near-term capital expenses and positioning the property for immediate operation. The grounds are designed for lifestyle and engagementan important value driver for both premium rentals and care-related housingfeaturing putt-putt golf and bocce ball. A private pool is secured and closed off exclusively to the main home, adding an additional amenity layer and operational flexibility. Block walls around the perimeter provide exceptional privacy and a secure, enclosed environmentideal for resident comfort, quiet enjoyment, and controlled access.

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Multi-Family Active

Price

$ 2,600,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,239

Style

Multiple Dwellings

Year Built

1955

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6979920
Features
General
Sewer Public Sewer
Heating Electric
Cooling Electric
Roof Composition Tile Foam
Zoning R-3
Construction Materials Brick Veneer Painted Adobe Block
Year Built 1955
Electric APS
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 273600.0
Community Features Other See Remarks Pool
County Maricopa
Net Operating Income 133548.24
Operating Expense 30701.2
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 2100.0
Subdivision Name PALO ALTO PARK
Garage Y/N N
Status Active
Directions West on Thomas Rd from 44th Street then right on 40th Street. Property on right before Osborn Rd between Cheery Lynn Rd and E Flower Street
City Phoenix
Disclosures Seller Prop Disc Stm
High School District Phoenix Union High School District
Open Parking Spaces 8.0
Number Of Units Total 5
Carport Y/N N
Tax Annual Amount 2239.0
Electric Expense 6991.68
Fuel Expense 896.4
Trash Expense 551.88
Water Sewer Expense 7434.24
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Interim Occupant
Elementary School District Phoenix Elementary District
Tax Lot 10
Cap Rate 5.14
New Financing: Conventional True
Senior Community N
New Financing: Cash True
New Financing: VA True
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Interior
Flooring Ceramic Tile
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 Master Meter City Franchise
Total Parking 11.0
Number of Buildings 2
Spa N
Road Surface Type Asphalt
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
Exp Realty

Broker

ek@eksells.com

Email

Affordability Calculator

$16,195
Per Month
99%
1%
0%
Monthly Principal & Interest
$16,009
Monthly Property Taxes
$187
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4327165 Elementary School
4327058 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
2/5/2026 $2,600,000 Listed Price

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3139 N 40TH Street, Phoenix, AZ, 85018 is a Multi-Family Home for sale at $2,600,000. 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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