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$570,000 Just Listed
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Property Description
Remodeled 3-unit PadSplit investment near Valley Metro Rail at 19th Ave/Camelback. Two buildings total approximately 2,276 SF and are configured as nine furnished rentable rooms across three 3BR/1BA units. Seller reports $120,000+ in improvements, including updated kitchens, baths, flooring, windows, plumbing, electrical, lighting, coded entry and full-size laundry. At $205 per room weekly, underwriting projects $95,202 GPI, $52,820 NOI and a 7.56% cap at the $699,000 asking price after 7% vacancy. Furnishings convey as-is. Buyer to verify all facts, figures, PadSplit operations, permits and compliance.
Full Property Details
Full Property Details for 5038 N 18th Ave
General
- Price: $570,000
- HOA FEE: $1,200
- Taxes: $1,615 (2025)
- Status: Active
- Type: Triplex
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7090472
- Updated: 10/7/2026
- Added to Site: 2 day(s) ago
Interior
- Appliances: Dishwasher, Refrigerator, Free-Standing Gas Oven, Free-Standing Electric Oven, Built-In Gas Oven, Microwave, Washer/Dryer
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Parking
- Parking Features: Off Street, Free, Add'l Parking Avail, >1 Space Per Unit, On Street
Location
- County: Maricopa
- Township: 2N
- Subdivision: NILE TRACT BLOCK 1
- Cross Streets: 19th Ave & Camelback Rd
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), See Remarks, Electric, Heat Pump, Varies by Unit
- Heating Type: Forced Air, Varies by Unit, Heat Pump, Electric, Natural Gas
Utilities
- Water: Master Meter, City Franchise
Structural Information
- # Buildings: 2
- Exterior Const.: Board & Batten Siding, Painted, Brick
- Roof: Composition
- Year Built: 1984
Unit Information
- Vacancy %: .07
Lot Features
- Lot Dimensions: irr
- Frontage: Asphalt
- Zoning: [R-3] Multiple
Financial Considerations
- Maint. Fee/Month: $1,200
- Tax Amount: $1,615
- Tax Year: 2025
- Terms: Cash, No Carry, Conventional
- Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Cable TV, Landscaping
Disclosures and Reports
- Legal Description: NILE TR LOTS 12 & 13 N 60' OF S 120' OF N 300' OF FOL DESC BEG ON S LI LOT 12 AT PT 80' E OF SW
- Property ID: 156-37-054
- Range: 3E
- Section: 18
- Lot Number: 12
Listed by Gerchick Real Estate
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Schools
Schools serving 5038 N 18th Ave
School Districts:Osborn Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Solano School 1526 West Missouri Avenue, Phoenix, AZ 85015 | K-6 | 0.6 mi |
Osborn Middle School 1102 West Highland Avenue, Phoenix, AZ 85013 | 7-8 | 0.6 mi |
Central High School 4525 North Central Avenue, Phoenix, AZ 85012 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5038 N 18th Ave
Date
Details
Price
Change
Source
10/07/2026
Listed
$570,000
28.81%
MLS
11/07/2025
Sold
$442,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5038 N 18th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,615
—
$12,438
-78%
2025
$1,615
7%
$55,900
-3%
2023
$1,508
1%
$57,360
34%
2022
$1,500
—
$42,870
43%
2022
$1,500
-2%
$30,050
15%
2021
$1,525
3%
$26,100
18%
2020
$1,486
5%
$22,070
15%
2019
$1,422
3%
$19,110
16%
2018
$1,375
9%
$16,430
22%
2017
$1,262
4%
$13,460
14%
2016
$1,218
8%
$11,780
14%
2015
$1,132
-1%
$10,310
2%
2014
$1,142
40%
$10,100
60%
2013
$815
—
$6,330
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5038 N 18th Ave
5038 N 18th Avenue, Phoenix, AZ 85015 (MLS# 7090472) is a Triplex property with 9 bedrooms and 0 full bathrooms. 5038 N 18th Avenue is currently listed for $570,000 and was received on October 07, 2026. Want to learn more about 5038 N 18th Avenue? Do you have questions about finding other Triplex real estate for sale in Alhambra? You can browse all Alhambra real estate or contact a Coldwell Banker agent to request more information.

