Skip main navigation
Sold for $810,000 on 07/28/25
  • $810,000

    17851 N 40th St, Phoenix, AZ 85032

    8beds
    5baths
    4,000sqft
    Multi Family
    Built in 1981
    -- sqft lot
    $809,000 Zestimate®
    $203/sqft
    $3,675 Estimated rent

    What's special

    Turnkey cash-flowing opportunity in the highly desirable Paradise Valley/Phoenix corridor! This well-maintained 4-unit garden-style complex features all 2 bed / 1 bath units with solid tenant demand and upside potential. Grossing $6,500 a month. Situated in the thriving 85032 ZIP code, close to major freeways, shopping, and the Paradise Valley Mall redevelopment. Whether you're a seasoned investor or new to multifamily, this 8.25% cap rate property delivers immediate returns in one of Phoenix's most active rental markets. Looking for steady income and long-term appreciation? This is the one.

    Zillow last checked: 7 hours ago

    Listing updated: July 28, 2025 at 04:49pm

    Listed by:

    Daniel K Papin 630-779-6013,

    eXp Realty

    Bought with:

    Daniel K Papin, SA684875000

    eXp Realty

    Source: ARMLS,MLS#: 6875080MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 5
    Heating
    • Electric
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave
    Features
    • Flooring: Ceramic Tile, Vinyl
    Interior area
    • Total structure area: 4,000
    • Total interior livable area: 4,000 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Paved, Carport
    • Has carport: Yes
    • Covered spaces: 4
    • Uncovered spaces: 4
    Details
    • Parcel number: 21516063V
    • Zoning: M-M

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Stucco, Block
    • Roof: Composition
    Condition
    • Year built: 1981

    Utilities & green energy

    • Electric: APS, Individual Meter
    • Sewer: Public Sewer
    • Water: City Franchise

    Community & neighborhood

    Community
    • Community features: Other
    Location
    • Region: Phoenix

    Other

    Other facts
    • Listing terms: Conventional,1031 Exchange,FHA,VA Loan
    • Ownership: Fee Simple
    • Road surface type: Asphalt
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $809,000