3139 N 40th Street, Phoenix, AZ 85018
- $2,599,000
- List Price
- $2,599,000
- Price Change
- ▼ $50,000 1751016607
- Days on Market
- 83
- Status
- ACTIVE
- MLS#
- 6874576
- City
- Phoenix
- Subdivision
- Palo Alto Park
- Year Built
- 1955
Property Description
On nearly a half-acre in Arcadia Lite, this property has a 3 bed & 2 bath single family house and a four plex. Each unit of the four plex is a full 1 bed & 1 bath with private backyard areas. This property is the perfect opportunity for a long-term rental, short-term rental, sober living, residential assisted living, etc! Full cosmetic remodel completed in 2022, this property is an investors dream. The property is equipped with a pool which is closed off to only the main house, putt-putt golf, and bocce ball. Block walls around the perimeter of the house give full privacy. Property had a 2 year tenant paying $24K/mo and averaged $28K/mo in January, February and March of 2025. Financials for the property are available in the Documents Tab of this listing.
Additional Information
- Elementary School
- Tavan Elementary School
- High School
- Arcadia High School
- Middle School
- Ingleside Middle School
- School District
- Scottsdale Unified District
- Community Features
- Other, See Remarks, Play Area, Heated Pool(s), Pool
- Construction
- Brick Veneer, Painted, Adobe, Block
- Cooling
- Electric
- Electric
- SRP
- Flooring
- Vinyl
- Heating
- Natural Gas
- New Financing
- Conventional
- Parking Features
- <1 Space Per Unit
- Roofing
- Composition, Tile, Foam
- Sewer
- Public Sewer
- Subdivision
- Palo Alto Park
- Taxes
- $2,138
- Tax Year
- 2024
- Units
- 5
- Water
- City Franchise
- Zoning
- R-3
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Listing courtesy of Gentry Real Estate.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.