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For sale
  • $599,000

    2018 W Cactus Rd, Phoenix, AZ 85029

    8beds
    4baths
    3,600sqft
    : 
    Multi Family
    Built in 1963
    -- sqft lot
    $-- Zestimate®
    $166/sqft
    $-- HOA

    What's special

    This fully occupied four-plex delivers strong, reliable performance with a current cap rate above 7 percent. It is a rare opportunity to secure a stabilized multifamily asset in a high-demand Phoenix corridor, offering immediate cash flow from day one. Each unit is tenant-occupied with consistent rental history, making this a smart addition to any investment portfolio. Buyers seeking to owner-occupy can also utilize FHA financing, allowing one unit to serve as a primary residence while the remaining three generate income to offset monthly expenses. The property offers straightforward, low-drama operations and sits near major freeways, employment centers, and everyday conveniences. This building excels where it counts: dependable returns, strong occupancy, and long-term investment potential. Opportunities at this price point with proven performance are increasingly hard to find. This is a solid, income-producing asset ready for its next owner!
    7 days
    |
    324
    |
    22
    |

    Likely to sell faster than

    Zillow last checked: 8 hours ago

    Listing updated: December 09, 2025 at 10:05am

    Listed by:

    John P Galaviz 602-902-1490,

    eXp Realty

    Source: ARMLS,MLS#: 6953868MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Individual, Heat Pump, Electric
    Cooling
    • Electric, Individual
    Appliances
    • Included: Free-Standing Range, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer
    Interior area
    • Total structure area: 3,600
    • Total interior livable area: 3,600 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Assigned, 1 Space/Unit
    • Uncovered spaces: 4
    Lot
    • Dimensions: 94.1 x 101.92 x 92.61 x 101.96
    Details
    • Parcel number: 14904015
    • Zoning: Multifamily

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Painted, Block
    • Roof: Built-Up
    Condition
    • Year built: 1963

    Utilities & green energy

    • Electric: APS
    • Sewer: Public Sewer
    • Water: City Franchise

    Community & HOA

    Community
    • Features: No Pool
    Location
    • Region: Phoenix

    Financial & listing details

    • Price per square foot: $166/sqft
    • Tax assessed value: $483,600
    • Annual tax amount: $1,825
    • Date on market: 12/4/2025
    • Cumulative days on market: 7 days
    • Listing terms: Conventional,1031 Exchange,FHA,VA Loan
    • Ownership: Fee Simple
    • Electric utility on property: Yes
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    12/4/2025Listed for sale$599,000+23.5%$166/sqft
    Source: ARMLS #6953868 Report a problem
    2/22/2021Sold$485,000$135/sqft
    Source: ARMLS #6182459 Report a problem
    1/18/2021Listed for sale$485,000+79.7%$135/sqft
    Source: ARMLS #6182459 Report a problem
    5/9/2017Listing removed$269,888$75/sqft
    Source: Realty Executives #5601943 Report a problem
    5/7/2017Listed for sale$269,888+20%$75/sqft
    Source: Realty Executives #5601943 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$1,732 +1.8%$48,360 +271.2%
    2023$1,701 +2%$13,028 -50.8%
    2022$1,668 +1.3%$26,460 +6.7%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $3,311/mo
    Principal & interest
    $2896
    Home insurance
    $210
    Property taxes
    $205

      Climate risks

      Neighborhood: North Mountain

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Washington Elementary School
      • High: Glendale High School
      • District: Washington Elementary School District

      Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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