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Melinda Muller
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17859 N 40th Street, Phoenix, AZ 85032

$879,000
  • 17859 N 40th Street, Phoenix, AZ 85032 Main Photo

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Active
BEDS0 BATHS MLS#6998148
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLParadise Valley Unified District

Property Description

This 4plex presents a rare opportunity for investors to acquire a property with immediate upside. Whether youre looking to lease at current market rents or pursue a strong Section 8 rental strategy, this property offers the flexibility to place tenants and optimize income from day one.The property features four spacious units, including three 2-bedroom, 1-bath units and one 2-bedroom, 2-bath unit with a private patio, an appealing unit mix that attracts a wide range of tenants. Each residence offers comfortable living space, while the property includes an on-site laundry facility and convenient parking for residents.Recent improvements provide a strong foundation for ownership, including fresh paint, a newly repaved parking area, and updated windows and patio doors. These upgrades help reduce near-term capital expenses while presenting a clean, refreshed environment ready for new tenants.Location is a key driver of this investment. The property sits just minutes from the Arizona State Route 51, providing quick connectivity to major employment centers across the Valley, including Downtown Phoenix and Scottsdale. Tenants also benefit from proximity to education, recreation, and everyday conveniences, including Paradise Valley Community College and the nearby green space at Paradise Valley Park.With strong rental demand throughout North Phoenix and a location that offers both accessibility and neighborhood amenities, this property presents an exceptional opportunity for an investor to stabilize the asset quickly and capture long-term income potential in a well-established rental market. SELLER OPEN TO SELLER FINANCING!!

17859 N 40th Street | MLS# 6998148

This multi-family property located at 17859 N 40th Street, Phoenix, AZ 85032 is currently listed for sale with an asking price of $879,000. N 40th Street is located within the Paradise Valley Unified District school district. Search Phoenix real estate on mmuller.arizonabest.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Electric, Ceiling Fan(s)
Heating: Electric
Roof Type: Composition
Taxes: $1,863
Year Built: 1981

Feature Descriptions

Community Features: No Pool
Days on Site: 87
Exterior: Wood Frame, Painted, Stucco
Parking: Paved, Carport, >1 Space Per Unit
Water: City Franchise

Local Schools

School District: Paradise Valley Unified District

Listed By / Shown By

Listed By

Agency Name: Compass
Agency Phone: 480-776-1555

Shown By

Agent Name: Melinda Muller
Agent Phone: (480) 980-5213
Agency Title: Arizona Best Real Estate

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Estimated Payment

$ 2,367.90 per month $1,956.27 Principal & Interest $155.25 Property Tax $256.38 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/13/2026. The listing information on this page last changed on 06/13/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 06/13/2026 12:51:08 AM EST) or ARMLS (last updated Fri 06/12/2026 11:07:32 PM EST). Real estate listings held by brokerage firms other than Arizona Best Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.


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