5038 N 18TH Avenue Phoenix, AZ $ 570,000
5038 N 18TH Avenue
$ 570,000
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5038 N 18TH Avenue

Phoenix, AZ, 85015
$ 570,000
Bedrooms9 Baths0.0

Monthly Estimate*

$ 3,937

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Multi-Family Home for sale in Phoenix, AZ

for $570,000 with 9 bedrooms. This home was built in 1984.

Remodeled 3-unit PadSplit investment near Valley Metro Rail at 19th Ave/Camelback. Two buildings total approximately 2,276 SF and are configured as nine furnished rentable rooms across three 3BR/1BA units. Seller reports $120,000+ in improvements, including updated kitchens, baths, flooring, windows, plumbing, electrical, lighting, coded entry and full-size laundry. At $205 per room weekly, underwriting projects $95,202 GPI, $52,820 NOI and a 7.56% cap at the $699,000 asking price after 7% vacancy. Furnishings convey as-is. Buyer to verify all facts, figures, PadSplit operations, permits and compliance.

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Multi-Family Active

Price

$ 570,000

Bedrooms

9

Property Type

Multi-Family

Taxes

$ 1,615

Style

Multiple Dwellings

Year Built

1984

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7090472

Features
General
Sewer Public Sewer
Heating Forced Air Varies by Unit Heat Pump Electric Natural Gas
Cooling Ceiling Fan(s) See Remarks Electric Heat Pump Varies by Unit
Roof Composition
Zoning [R-3] Multiple
Construction Materials Board & Batten Siding Painted Brick
Year Built 1984
Electric SRP Individual Meter
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 88537.86
Community Features No Pool
County Maricopa
Net Operating Income 52820.0
Operating Expense 35718.0
Insurance Expense 2400.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 1200.0
Subdivision Name NILE TRACT BLOCK 1
Garage Y/N N
Status Active
Directions From Camelback Rd travel north on 19th Ave east on Colter St then south on 18th Ave to the property.
City Phoenix
Disclosures Seller Prop Disc Stm APOD/Backup Avaible Sch of Personal Prop
High School District Phoenix Union High School District
Open Parking Spaces 5.0
Number Of Units Total 3
Carport Y/N N
Tax Annual Amount 1615.0
Electric Expense 6500.0
Fuel Expense 1200.0
Trash Expense 1200.0
Water Sewer Expense 3600.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://tours.arizonarealtours.com/2398212?idx=1
Standard Status Active
Occupancy Type Interim Occupant
Elementary School District Osborn Elementary District
Tax Lot 12
Cap Rate 9.27
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 Bedrooms 9
Total Baths 3
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Exterior
Parking Features Off Street Free Add'l Parking Avail >1 Space Per Unit On Street
Water Source Master Meter City Franchise
Total Parking 5.0
Number of Buildings 2
Spa N
Lot Dimensions irr
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5038
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* Excluded Features
List By
Gerchick Real Estate

Broker

Linda@justsoldit.com

Email

Affordability Calculator

$4,071
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,937
Monthly Property Taxes
$135
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4327165 Elementary School
4327058 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/7/2026$570,000 Listed Price

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5038 N 18TH Avenue, Phoenix, AZ, 85015 is a Multi-Family Home for sale at $570,000. 5038 N 18TH Avenue has 9 bedrooms, 0.0 baths, and was built in 1984. The property's zip code is 85015 which is in Phoenix, AZ