10831 N 18TH Avenue, Phoenix, AZ 85029
$480,000
Property Type:
Multiple Dwellings
Status:
Pending
Current Price:
$480,000
Last Modified:
3/31/2026
Description
Exceptional investment opportunity! Well-maintained multi-family triplex, with beautiful mountain views. Stable, long term renters, one has lived there 11 years, the other over 8 years! Each of the three units offers a thoughtfully designed interior boasting 2-bedrooms and 1-bathroom. Every unit has an equipped kitchen ready for everyday cooking, along with a spacious living room that provides plenty of room to relax or entertain. The bathrooms feature convenient tub/shower combos for practicality and comfort! Each residence enjoys its own private back patio. The common patio area is fully fenced, adding security for tenants. This triplex presents a fantastic opportunity for investors or owner-occupants! Seize this opportunity!
More Information MLS# 6994365
Contract Info
Ownership: Fee Simple
Current Price: $480,000
List Price: $480,000
Status: Pending
List Date: 2026-03-06
Location, Tax & Legal
Assessor's Map #: 13
Legal Description (Abbrev): DESERT COVE EXTENSION LOT 6 N 62F OF S 186F OF W2 EX W 25F RD
Assessor's Parcel #: 16
Assessor Parcel Ltr: E
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103615
Taxes: 1193
Legal: DESERT COVE EXTENSION LOT 6 N 62F OF S 186F OF W2 EX W 25F RD
Marketing Name: Phx triplex
House Number: 10831
Compass: N
Street Name: 18TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 5798
County Code: Maricopa
Subdivision: DESERT COVE EXTENSION LOTS 5-12 21 24-28
Assessor Number: 159-13-016-E
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 62 x 130.67
Total # of Units: 3
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Shaw Butte School
Jr. High School: Royal Palm Middle School
High School: Sunnyslope High School
Year Built: 1971
Zoning: R-3
Legal Info
Range: 3E
Section: 19
Township: 3N
Lot Number: 6
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Laminate: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 1193
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 34165.8
Pmt & Rate Info
Cap Rate: 5.24
Down Payment: 0
Equity: 480000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Other: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Fenced: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Appliances Included
Disposal: 1
Refrigerator: 1
Built-In Range: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Unknown: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 999
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Peoria Ave & 19th Ave
Directions: Head north onto 19th Ave, Turn right onto W Desert Cove Ave, Turn right onto N 18th Ave. Property will be on the left.
Geo Lat: 33.585231
Geo Lon: -112.097279
Status Change Info
Off Market Date: 2026-03-31
Under Contract Date: 2026-03-12
Income Expenses
Gross Annual Sch Inc: 35964
Net Operating Income: 25174
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Laminate; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced
Interior Features: Unfurnished
Appliances Included: Built-In Range; Refrigerator; Disposal
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Free
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water
Tenant Pays: Electricity
Source of Fincl Data: Unknown
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Other
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
New Financing: Cash; VA; Conventional
Environmental: None
Listing Office:
Rosenbaum Realty Group
Last Updated: March - 31 - 2026
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