5038 N 18TH Avenue Phoenix, AZ $ 725,000
5038 N 18TH Avenue
$ 725,000
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5038 N 18TH Avenue

Phoenix, AZ, 85015
$ 725,000
Baths0.0

Monthly Estimate*

$ 4,464

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View a Virtual Tour
Studio

Multi-Family Home for sale in Phoenix, AZ

for $725,000. This home was built in 1984.

Fully Renovated Triplex - Turnkey Investment Opportunity This newly renovated 3 unit property consists of a single-family home and a duplex, situated in a high demand rental corridor with strong workforce housing demand!! The property has been extensively upgraded with new flooring, windows, cabinets, quartz countertops, interior and exterior doors, fresh interior and exterior paint, updated landscaping, stainless steel appliances, lighting and fixtures, and two new water heaters. The roof and HVAC systems are newer and in excellent condition, helping minimize near term capital expenses. Each unit is individually metered for electricity, simplifying utility management and maximizing cash flow. Conveniently located within walking distance to the light rail, shopping, supermarkets, and restaurants, making this a perfect rental location that will be consistently occupied.

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Multi-Family Active

Price

$ 725,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,615

Style

Multiple Dwellings

Year Built

1984

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6990428

Features
General
Sewer Public Sewer
Heating Forced Air Heat Pump Electric
Cooling Central Air Electric
Roof Composition
Zoning R-3
Security Features Security Light(s)
Construction Materials Wood Frame Painted Brick
Year Built 1984
Electric Other (See Remarks) SRP Individual Meter
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 52548.0
Community Features See Remarks
County Maricopa
Net Operating Income 46548.0
Operating Expense 1615.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name NILE TRACT BLOCK 1
Garage Y/N N
Status Active
Directions Heading West on Camelback go right (North) on 18th Avenue and property is on the left side of the road.
High School Central High School
City Phoenix
Disclosures Other (See Remarks) Seller Prop Disc Stm
High School District Phoenix Union High School District
Open Parking Spaces 8.0
Number Of Units Total 3
Carport Y/N N
Elementary School Longview Elementary School
Tax Annual Amount 1615.0
Middle/Junior High School Osborn Middle School
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.zillow.com/view-imx/393f2d5c-1da2-484d-afe5-50af641619f7?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Standard Status Active
Occupancy Type Tenant
Elementary School District Osborn Elementary District
Tax Lot 12
Cap Rate 6.42
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Exterior
Exterior Amenities Sidewalk(s)
Parking Features Off Street Assigned Add'l Parking Avail >1 Space Per Unit
Water Source Master Meter City Franchise
Total Parking 8.0
Number of Buildings 2
Spa N
Lot Dimensions 137.42 X 60
Road Surface Type Concrete
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Internal Only
Street Number 1 5038
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* Excluded Features
List By
My Home Group Real Estate

Broker

maninthearena77@gmail.com

Email

Affordability Calculator

$4,599
Per Month
97%
3%
0%
Monthly Principal & Interest
$4,464
Monthly Property Taxes
$135
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
4328222 Elementary School
4327120 Middle School
Central High School High School
Pricing History
DatePricePrice ChangeDescription
3/11/2026$725,000 Listed Price

Map


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5038 N 18TH Avenue, Phoenix, AZ, 85015 is a Multi-Family Home for sale at $725,000. 5038 N 18TH Avenue is a studio with 0.0 baths and was built in 1984. The property's zip code is 85015 which is in Phoenix, AZ