17859 N 40TH Street, Phoenix, AZ 85032
$879,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$879,000
List Date:
3/17/2026
Last Modified:
3/25/2026
Overview
Description
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
Supplements: ... (Read more)
Listing Details MLS# 6998148
Location, Tax & Legal
- House Number
- 17859
- Compass
- N
- Street Name
- 40TH
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85032
- Zip4
- 1760
- County Code
- Maricopa
- Assessor Number
- 215-16-063-S
- Tax Year
- 2025
- Assessor's Map #
- 16
- Legal Description (Abbrev)
- PT LOT 2 DAF BEG SW COR LOT 2 TH N ALG W LN 778.5 OF TH E 55F TPOB TH CONT E 152.05F TH N 84.23F T H
- Assessor's Parcel #
- 63
- Assessor Parcel Ltr
- S
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 619700
- Taxes
- 1863
- Legal
- PT LOT 2 DAF BEG SW COR LOT 2 TH N ALG W LN 778.5 OF TH E 55F TPOB TH CONT E 152.05F TH N 84.23F T H
- Marketing Name
- 40th St
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- IRR
- Year Built
- 1981
- Uncvrd Parking Spcs
- 4
- Total # of Units
- 4
- # of Buildings
- Yes
- Zoning
- Multi
- Elementary School District
- Paradise Valley Unified District
- High School District
- Paradise Valley Unified District
Remarks Misc
- Cross Street
- Union Hills & 40th St.
Legal Info
- Township
- 4N
- Range
- 4E
- Section
- 31
- Lot Number
- 2
Showing Notification Methods
- Showing Service
- Aligned Showings
- Text
- Yes
- Phone Call
- Yes
More Information
2 Bedroom Units
- # 2 Bedroom Units
- 4
- Avg Rent
- 1600
- Avg SqFt
- 990
- # Baths
- Yes
Project Type
- Four Plex
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Laminate
- Yes
- Tile
- Yes
Sale Includes
- Land & Building
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Annual Gas Exp
- 0
- Annual Land Lse Exp
- 0
- Annual Legal & Acctg
- 0
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 0
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 1863
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 0
Pmt & Rate Info
- Down Payment
- 0
- Equity
- 879000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Lockbox Type
- Combo
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Electric
- Yes
Exterior Amenities
- Partially Fenced
- Yes
- Cable TV Available
- Yes
- Patio/Balcony
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- Sewer
- Yes
- Trash Collection
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
- W/D Hookup
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- >1 Space Per Unit
- Yes
- Paved
- Yes
Electric
- APS
- Yes
- Individual Meter
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Electric
- Yes
- Landscaping
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- 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:
Four Plex
Construction:
Wood Frame
Const - Finish:
Painted; Stucco
Roofing:
Composition
Floors:
Laminate; Tile
Sale Includes:
Land & Building; Laundry Equipment
Community Features:
No Pool
Exterior Amenities:
Partially Fenced; Cable TV Available; Patio/Balcony
Interior Features:
Unfurnished
Appliances Included:
Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer; W/D Hookup
Cooling:
Ceiling Fan(s); Electric
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS; Individual Meter
Gas:
None
Parking Features:
Carport; >1 Space Per Unit; Paved
Road Surface Type:
Asphalt
Owner Pays:
Water; Electric; Landscaping
Tenant Pays:
Sewer; Trash Collection; Cable TV
Source of Fincl Data:
Owner
Showing Notification Methods:
Text; Phone Call
Lockbox Type:
Combo
Existing 1st Loan:
Treat as Free&Clear
New Financing:
Cash; Conventional; 1031 Exchange
Environmental:
None
Listing Office:
Compass
Last Updated: March - 25 - 2026
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