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$810,000
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Property Description
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.
Full Property Details
Full Property Details for 17851 N 40th St
General
- Sold For: $810,000
- Taxes: $1,817 (2024)
- Status: Closed
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6875080
- Added to Site: 226 day(s) ago
Interior
- Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave
- Flooring: Ceramic Tile, Vinyl
Parking
- Parking Features: Paved, Carport
Location
- County: Maricopa
- Township: 4N
- Cross Streets: 40th St & Union Hills
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Electric
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Stucco, Block
- Roof: Composition
- Year Built: 1981
Lot Features
- Zoning: M-M
Financial Considerations
- Tax Amount: $1,817
- Tax Year: 2024
- Terms: Conventional, 1031 Exchange, FHA, VA Loan
- Owner Pays: Trash Collection, Water, Sewer
Disclosures and Reports
- Legal Description: PT LOT 2 DAF BEG SW COR LOT 2 TH N 61OF TH E 55F TPOB TH CONT E 152.05F TH N 84.23F TH W 152.05F
- Property ID: 215-16-063-V
- Range: 4E
- Section: 31
- Lot Number: 2
Listed and Sold by eXp Realty
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Schools
Schools serving 17851 N 40th St
School District:Paradise Valley Unified District
| Name | Grades | Distance |
|---|---|---|
Whispering Wind Academy 15844 North 43rd Street, Phoenix, AZ 85032 | PK-6 | 1.3 mi |
Paradise Valley High School 3950 East Bell Road, Phoenix, AZ 85032 | 9-12 | 0.6 mi |
Sunrise Middle School 4960 East Acoma Drive, Scottsdale, AZ 85254 | 7-8 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 17851 N 40th St
Date
Details
Price
Change
Source
7/28/2025
Sold
$810,000
-4.59%
MLS
6/04/2025
Listed
$849,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
17851 N 40th Street, Phoenix, AZ 85032 (MLS# 6875080) is a Multi-Family property that was sold at $810,000 on July 28, 2025. Want to learn more about 17851 N 40th Street? Do you have questions about finding other Multi-Family real estate for sale in Maryvale? You can browse all Maryvale real estate or contact a Coldwell Banker agent to request more information.

