11231 N 18TH Drive Phoenix, AZ ^$ 599,000

11231 N 18TH Drive

^$ 599,000

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Recently Listed

11231 N 18TH Drive

Phoenix, AZ, 85029

^$ 599,000

Studio Baths0.0

Monthly Estimate*

^$ 3,688

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $599,000. This home was built in 1973.

Nice 4-plex with great upside income potential. Mix of 2 1 bed and 2 2bed units each with separate backyard area for privacy. All 4 units currently rented with long term tenants and each are on month to month leases. Storage room partially converted to studio unit and may be able to provide additional income producing unit. Tenant occupied property, Drive by only, PLEASE DO NOT CONTACT OR DISTURB THE TENANTS REGARDING SALE OF THE PROPERTY.

Multi-Family Active

Price

^$ 599,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,549

Style

Multiple Dwellings

Year Built

1973

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7026645

Features

General

Sewer Public Sewer

Heating Electric Natural Gas

Cooling Electric

Roof Composition

Zoning R-3

Construction Materials Painted Stucco Block

Year Built 1973

Electric APS Individual Meter

Township 3N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 39330.0

Community Features Other

County Maricopa

Net Operating Income 28281.0

Operating Expense 11049.0

Insurance Expense 3500.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Garage Y/N N

Status Active

Directions North on 19th Ave to Shangri La east to 18th Drive then north to property.

City Phoenix

Disclosures Seller Prop Disc Stm

High School District Glendale Union High School District

Open Parking Spaces 8.0

Number Of Units Total 4

Carport Y/N N

Tax Annual Amount 1549.0

Water Sewer Expense 6000.0

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 Tenant

Tax Lot -

Cap Rate 4.72

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Tile Laminate

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Off Street

Water Source Master Meter City Franchise

Total Parking 8.0

Number of Buildings 1

Spa N

Lot Dimensions 12850 sf

Road Surface Type Asphalt

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 11231

* Excluded Features

List By

Wealth Builder Real Estate Services

Broker

kevinkludy@gmail.com

Affordability Calculator

$3,817

Per Month

Monthly Principal & Interest: $3,688
Monthly Property Taxes: $129
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,192,632

Percent of Sale Price 99%

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.

4327134 Elementary School

4327258 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/11/2026	$599,000		Listed Price

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11231 N 18TH Drive, Phoenix, AZ, 85029 is a Multi-Family Home for sale at $599,000. 11231 N 18TH Drive is a studio with 0.0 baths and was built in 1973. The property's zip code is 85029 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

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 5/15/2026.

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11231 N 18TH Drive

Multi-Family Home for sale in Phoenix, AZ

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