421 N 18TH Drive, Phoenix, AZ 85007
$375,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$375,000
Last Modified:
2/23/2026
Description
Ideal triplex for investors seeking strong cash flow and reliable monthly income. 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! 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.
More Information MLS# 6988478
Contract Info
Ownership: Fee Simple
Current Price: $375,000
List Price: $375,000
Status: Active
List Date: 2026-02-23
Location, Tax & Legal
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
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
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 8700 sq ft
Flood Zone: Yes
Total # of Units: 3
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
Year Built: 1926
Zoning: R-5
Legal Info
Range: 3E
Section: 6
Township: 1N
Lot Number: 6
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Foam: 1
Floors
Laminate: 1
Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
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
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
Other: 1
Heating
Heat Pump: 1
Electric: 1
Individual: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Heat Pump: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Disposal: 1
Free-Standing Electric Oven: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 1
Avg Rent: 550
Avg SqFt: 200
# Baths: 1
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1075
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 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.
Geo Lat: 33.454112
Geo Lon: -112.099006
Income Expenses
Gross Annual Sch Inc: 32400
Net Operating Income: 29240
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
Last Updated: February - 23 - 2026
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