421 N 18TH Drive, Phoenix, AZ 85007

$375,000
Property Type: Multiple Dwellings Status: Pending
Current Price: $375,000 Last Modified: 4/10/2026

Overview

Description

Ideal triplex for investors seeking strong cash flow and reliable monthly income. Zero vacancy the past 7+ years! Located just minutes from Downtown and freeway access. Two 2-bedroom, 1 bath units and one studio. Each unit individually metered for electricity. In-unit laundry! NEW ROOF IN 2025! Large lot provides room for expansion. While fully occupied and positioned for immediately cash flow, there is value-add opportunity here. Great investment as-is with attractive potential.

Listing Details MLS# 6988478

Location, Tax & Legal

House Number
421
Compass
N
Street Name
18TH
St Suffix
Drive
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85007
Zip4
2488
County Code
Maricopa
Subdivision
OAKLAND
Assessor Number
111-24-080
Tax Year
2025
Assessor's Map #
24
Legal Description (Abbrev)
OAKLAND
Assessor's Parcel #
80
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
112900
Taxes
814
Legal
OAKLAND MCR NUMBER 000603
Marketing Name
Oakland

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
8700 sq ft
Year Built
1926
Total # of Units
3
# of Buildings
Yes
Zoning
R-5
Flood Zone
Yes
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District
Elementary School
Capitol Elementary School
Jr. High School
Capitol Elementary School
High School
Metro Tech High School
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
19th Ave & Van Buren
Directions
North on 19th Ave from Van Buren. West on Polk St. North on 18th Dr.

Status Change Info

Off Market Date
2026-04-02
Under Contract Date
2026-04-02

Legal Info

Township
1N
Range
3E
Section
6
Lot Number
6

More Information

Income Expenses

Gross Annual Sch Inc
32400
Net Operating Income
29240

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

Efficiency Units

# Efficiency Units
Yes
Avg Rent
550
Avg SqFt
200
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1075
Avg SqFt
700
# Baths
Yes

Project Type

Tri-Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Foam
Yes

Floors

Laminate
Yes
Tile
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Wtr/Swr Exp
3160
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
3974
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
32400
Total Monthly Rental Income
2700

Pmt & Rate Info

Cap Rate
7.8
Equity
375000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

Other
Yes

Heating

Heat Pump
Yes
Electric
Yes
Individual
Yes
Central
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes
Heat Pump
Yes
Individual
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes
Fenced
Yes
Cable TV Available
Yes
Patio/Balcony
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Disposal
Yes
Free-Standing Electric Oven
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

On Street
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

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; Stucco Roofing: Foam Floors: Laminate; Tile Sale Includes: Land & Building; Laundry Equipment Community Features: Other Exterior Amenities: Landscape Water System; Green Landscaping; Fenced; Cable TV Available; Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Disposal; Washer/Dryer; W/D Hookup Heating: Individual; Central; Heat Pump Cooling: Ceiling Fan(s); Electric; Heat Pump; Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: On Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Environmental: None
Listing Office: McMath Realty LLC
IDX
Last Updated: April - 10 - 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.