10831 N 18TH Avenue, Phoenix, AZ 85029
$487,500
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$487,500
Last Modified:
3/31/2026
Overview
Description
Exceptional investment opportunity! Well-maintained multi-family triplex, with beautiful mountain views. Stable, long term renters, one has lived there 11 years, the other over 8 years! Each of the three units offers a thoughtfully designed interior boasting 2-bedrooms and 1-bathroom. Every unit has an equipped kitchen ready for everyday cooking, along with a spacious living room that provides plenty of room to relax or entertain. The bathrooms feature convenient tub/shower combos for practicality and comfort! Each residence enjoys its own private back patio. The common patio area is fully fenced, adding security for tenants. This triplex presents a fantastic opportunity for investors or owner-occupants! Seize this opportunity!
Listing Details MLS# 6994365
Location, Tax & Legal
- House Number
- 10831
- Compass
- N
- Street Name
- 18TH
- St Suffix
- Avenue
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85029
- Zip4
- 5798
- County Code
- Maricopa
- Subdivision
- DESERT COVE EXTENSION LOTS 5-12 21 24-28
- Assessor Number
- 159-13-016-E
- Tax Year
- 2025
- Assessor's Map #
- 13
- Legal Description (Abbrev)
- DESERT COVE EXTENSION LOT 6 N 62F OF S 186F OF W2 EX W 25F RD
- Assessor's Parcel #
- 16
- Assessor Parcel Ltr
- E
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 103615
- Taxes
- 1193
- Legal
- DESERT COVE EXTENSION LOT 6 N 62F OF S 186F OF W2 EX W 25F RD
- Marketing Name
- Phx triplex
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 62 x 130.67
- Year Built
- 1971
- Uncvrd Parking Spcs
- 6
- Total # of Units
- 3
- # of Buildings
- Yes
- Zoning
- R-3
- Elementary School District
- Washington Elementary School District
- High School District
- Glendale Union High School District
- Elementary School
- Shaw Butte School
- Jr. High School
- Royal Palm Middle School
- High School
- Sunnyslope High School
Remarks Misc
- Cross Street
- Peoria Ave & 19th Ave
- Directions
- Head north onto 19th Ave, Turn right onto W Desert Cove Ave, Turn right onto N 18th Ave. Property will be on the left.
Status Change Info
- Off Market Date
- 2026-03-19
- Under Contract Date
- 2026-03-12
- Close of Escrow Date
- 2026-03-30
Legal Info
- Township
- 3N
- Range
- 3E
- Section
- 19
- Lot Number
- 6
More Information
Income Expenses
- Gross Annual Sch Inc
- 35964
- Net Operating Income
- 25174
Showing Notification Methods
- Showing Service
- Aligned Showings
- Text
- Yes
- Yes
- Phone Call
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 3
- Avg Rent
- 999
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession to Buyer
- 3
- Seller Concession $/%
- %
- Buyer Concession to Seller
- 0
Project Type
- Tri-Plex
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Laminate
- Yes
- Ceramic Tile
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Gas Exp
- 0
- Annual Ins Exp
- 0
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 0
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 0
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 1193
- Other Income
- 0
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 34165.8
Pmt & Rate Info
- Cap Rate
- 5.24
- Down Payment
- 0
- Equity
- 480000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Lockbox Type
- Other
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Electric
- Yes
Exterior Amenities
- Fenced
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Disposal
- Yes
- Refrigerator
- Yes
- Built-In Range
- Yes
Road Access Type
- City Street
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Unknown
- Yes
Road Responsibility
- City Maintained Road
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Free
- Yes
Electric
- APS
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
New Financing
- Cash
- Yes
- VA
- Yes
- Conventional
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Tri-Plex
Construction:
Block
Const - Finish:
Painted
Roofing:
Composition
Floors:
Laminate; Ceramic Tile
Sale Includes:
Land & Building
Community Features:
No Pool
Exterior Amenities:
Fenced
Interior Features:
Unfurnished
Appliances Included:
Built-In Range; Refrigerator; Disposal
Cooling:
Electric
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS
Gas:
None
Parking Features:
Free
Road Access Type:
City Street
Road Surface Type:
Asphalt
Road Responsibility:
City Maintained Road
Owner Pays:
Water
Tenant Pays:
Electricity
Source of Fincl Data:
Unknown
Showing Notification Methods:
Text; Email; Phone Call
Lockbox Type:
Other
Existing 1st Loan:
Treat as Free&Clear
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
New Financing:
Cash; VA; Conventional
Environmental:
None
Listing Office:
Rosenbaum Realty Group
Last Updated: March - 31 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
