5038 N 18TH Avenue, Phoenix, AZ 85015 (MLS# 6990428)

5038 N 18TH Avenue, Phoenix, AZ 85015

$725,000

Virtual Tour

https://www.zillow.com/view-imx/393f2d5c-1da2-484d-afe5-50af641619f7?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Property Type: Multiple Dwellings Status: Active

Current Price: $725,000 List Date: 3/11/2026 Last Modified: 4/04/2026

Overview

Description

** Opportunity Zone Investment Opportunity ** Fully Renovated Triplex This newly renovated 3 unit property consists of a single-family home and a duplex, situated in a high demand rental corridor with strong workforce housing demand!! The property has been extensively upgraded with new flooring, dual pane windows, cabinets, quartz countertops, interior and exterior doors, fresh interior and exterior paint, updated landscaping, stainless steel appliances, lighting and fixtures, and two new water heaters. The roof and HVAC systems are in excellent condition, helping minimize near term capital expenses. Each unit is individually metered for electricity, simplifying utility management and maximizing cash flow. Conveniently located within walking distance to the light rail, shopping,

Supplements: supermarkets, and restaurants, making this a perfect rental location that will be consistently occupied.

Listing Details MLS# 6990428

Location, Tax & Legal

House Number: 5038
Compass: N
Street Name: 18TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 3335
County Code: Maricopa
Subdivision: NILE TRACT BLOCK 1
Assessor Number: 156-37-054
Tax Year: 2025
Assessor's Map #: 37
Legal Description (Abbrev): NILE TR LOTS 12 & 13 N 60' OF S 120' OF N 300' OF FOL DESC BEG ON S LI LOT 12 AT PT 80' E OF SW
Assessor's Parcel #: 54
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 107400
Taxes: 1615
Legal: NILE TR LOTS 12 & 13 N 60' OF S 120' OF N 300' OF FOL DESC BEG ON S LI LOT 12 AT PT 80' E OF SW
Marketing Name: Camelback Investments

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 137.42 X 60
Year Built: 1984
Uncvrd Parking Spcs: 8
Total # of Units: 3
# of Buildings: 2
Zoning: R-3
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Longview Elementary School
Jr. High School: Osborn Middle School
High School: Central High School

Remarks Misc

Cross Street: Camelback & 19th Avenue
Directions: Heading West on Camelback go right (North) on 18th Avenue and property is on the left side of the road.

Legal Info

Township: 2N
Range: 3E
Section: 18
Lot Number: 12

Income Expenses

Gross Annual Sch Inc: 52548
Net Operating Income: 46548

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Phone Call: Yes

2 Bedroom Units

# 2 Bedroom Units: 3
Avg Rent: 1527
Avg SqFt: 850
# Baths: 3

Project Type

Tri-Plex: Yes
Four Plex: Yes

Other Type

House + Rental Units: Yes

Construction

Wood Frame: Yes
Brick: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1615
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 52548
Total Monthly Rental Income: 4379

Pmt & Rate Info

Cap Rate: 6.42
Equity: 725000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Combo: Yes
See Private Remarks: Yes

Community Features

See Remarks: Yes

Heating

Forced Air: Yes
Heat Pump: Yes
Electric: Yes

Cooling

Central Air: Yes
Electric: Yes

Exterior Amenities

Desert Landscaping: Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Security Light(s): Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Appliances Included

Built-In Electric Oven: Yes
Built-In Gas Oven: Yes
Dishwasher: Yes
Disposal: Yes
Microwave: Yes
W/D Hookup: Yes

Road Surface Type

Concrete: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes
Other (See Remarks): Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes
Add'l Parking Avail: Yes
Assigned: Yes
Off Street: Yes

Electric

SRP: Yes
Individual Meter: Yes
Other (See Remarks): Yes

Gas

SW Gas: Yes
Other (See Remarks): Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
Cash to Loan: Yes
Conventional: Yes
1031 Exchange: Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Private: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes
Other (See Remarks): 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; Four Plex Other Type: House + Rental Units Construction: Wood Frame; Brick Const - Finish: Painted Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: See Remarks Exterior Amenities: Desert Landscaping; Cable TV Available; Sidewalk(s); Security Light(s) Appliances Included: Built-In Electric Oven; Built-In Gas Oven; Dishwasher; Disposal; Microwave; W/D Hookup Heating: Forced Air; Heat Pump Cooling: Electric; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP; Individual Meter; Other (See Remarks) Gas: SW Gas; Other (See Remarks) Parking Features: >1 Space Per Unit; Add'l Parking Avail; Assigned; Off Street Road Surface Type: Concrete Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks) Special: Owner/Agent Showing Notification Methods: Text; Phone Call Lockbox Type: Combo; See Private Remarks Existing 1st Loan: Private Existing 1st Loan Terms: Not Applicable New Financing: Cash; Cash to Loan; Conventional; 1031 Exchange Environmental: None

Listing Office: My Home Group Real Estate

Last Updated: April - 04 - 2026