Properties

Phoenix, AZ 85018 3139 N 40TH Street

3139 N 40TH Street Phoenix, AZ - Image 13139 N 40TH Street Phoenix, AZ - Image 23139 N 40TH Street Phoenix, AZ - Image 3
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Presented By: eXp Realty; 888-897-7821
  • MLS# 6979920
  • 02/03/2026
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Home Details

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 ยฝ-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.
Presented By: eXp Realty; 888-897-7821

Interior Features for 3139 N 40TH Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringCeramic Tile
Heating Y/NYes

General for 3139 N 40TH Street

Additional Parcels Y/NYes
Attached Garage No
Cap Rate5.14
Carport Y/NNo
CityPhoenix
Community FeaturesOther, See Remarks, Pool
Construction MaterialsBrick Veneer, Painted, Adobe, Block
CoolingElectric
CountyMaricopa
DirectionsWest 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
DisclosuresSeller Prop Disc Stm
ElectricAPS
Electric Expense6991.68
Elementary School DistrictPhoenix Elementary District
Fuel Expense896.4
Garage Y/NNo
Gross Income273600.0
HeatingElectric
High School DistrictPhoenix Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense2100.0
MobileHomeRemainsYNNo
Net Operating Income133548.24
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: VATrue
Number Of Units Total5
Occupancy TypeInterim Occupant
Open Parking Spaces8.0
Operating Expense30701.2
OwnerPaysPool Maintenance, Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition, Tile, Foam
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NamePALO ALTO PARK
Tax Annual Amount2239.0
Tax Lot10
Tax Year2025
Township2N
Trash Expense551.88
Water Sewer Expense7434.24
Year Built1955
ZoningR-3

Exterior for 3139 N 40TH Street

Covered Spaces3.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Number of Buildings2
Parking Features<1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking11.0
Water SourceMaster Meter, City Franchise

Additional Details

Price History

Connect Realty

Price $2,600,000
MLS#6979920
List Date 02/03/2026
Property Type Multi-Family
Phone 888.795.6274
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info@connectrealty.com
2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
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