Properties

Phoenix, AZ 85032 17859 N 40TH Street

17859 N 40TH Street Phoenix, AZ - Image 117859 N 40TH Street Phoenix, AZ - Image 217859 N 40TH Street Phoenix, AZ - Image 3
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Presented By: Compass; 480-776-1555
  • MLS# 6998148
  • 03/17/2026
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Home Details

This 4plex presents a rare opportunity for investors to acquire a property with immediate upside. Whether you're looking to lease at current market rents or pursue a strong Section 8 rental strategy, this property offers the flexibility to place tenants and optimize income from day one. The property features four spacious units, including three 2-bedroom, 1-bath units and one 2-bedroom, 2-bath unit with a private patio, an appealing unit mix that attracts a wide range of tenants. Each residence offers comfortable living space, while the property includes an on-site laundry facility and convenient parking for residents. Recent improvements provide a strong foundation for ownership, including fresh paint, a newly repaved parking area, and updated windows and patio doors. These upgrades help reduce near-term capital expenses while presenting a clean, refreshed environment ready for new tenants. Location is a key driver of this investment. The property sits just minutes from the Arizona State Route 51, providing quick connectivity to major employment centers across the Valley, including Downtown Phoenix and Scottsdale. Tenants also benefit from proximity to education, recreation, and everyday conveniences, including Paradise Valley Community College and the nearby green space at Paradise Valley Park. With strong rental demand throughout North Phoenix and a location that offers both accessibility and neighborhood amenities, this property presents an exceptional opportunity for an investor to stabilize the asset quickly and capture long-term income potential in a well-established rental market.
Presented By: Compass; 480-776-1555

Interior Features for 17859 N 40TH Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringTile, Laminate
Heating Y/NYes

General for 17859 N 40TH Street

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsWood Frame, Painted, Stucco
CoolingCeiling Fan(s), Electric
CountyMaricopa
DisclosuresSeller Prop Disc Stm
ElectricAPS, Individual Meter
Elementary School DistrictParadise Valley Unified District
Fuel Expense0.0
Garage Y/NNo
Gross Income0.0
HeatingElectric
High School DistrictParadise Valley Unified District
Lease Considered Y/NNo
Lease Renewal Y/NNo
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total4
Open Parking Spaces4.0
Operating Expense1863.0
OwnerPaysElectricity, Water, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount1863.0
Tax Lot2
Tax Year2025
Township4N
Trash Expense0.0
Year Built1981
ZoningMulti

Exterior for 17859 N 40TH Street

Covered Spaces4.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot DimensionsIRR
Number of Buildings1
Parking FeaturesPaved, >1 Space Per Unit, Carport
Road Surface TypeAsphalt
SpaNo
Total Parking8.0
Water SourceCity Franchise

Additional Details

Price History

Connect Realty

Price $879,000
MLS#6998148
List Date 03/17/2026
Property Type Multi-Family
Phone 888.795.6274
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