17859 N 40TH Street, Phoenix, AZ 85032 (MLS# 6998148)

17859 N 40TH Street, Phoenix, AZ 85032

New Listing

$879,000

Property Type: Multiple Dwellings Status: Active

Current Price: $879,000 List Date: 3/17/2026 Last Modified: 3/23/2026

Description

This 4plex presents a rare opportunity for investors to acquire a property with immediate upside. Whether you're 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

Supplements: 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.

More Information MLS# 6998148

Contract Info

Ownership: Fee Simple Current Price: $879,000 List Price: $879,000 Status: Active List Date: 2026-03-13

Location, Tax & Legal

Assessor's Map #: 16 Legal Description (Abbrev): PT LOT 2 DAF BEG SW COR LOT 2 TH N ALG W LN 778.5 OF TH E 55F TPOB TH CONT E 152.05F TH N 84.23F T H Assessor's Parcel #: 63 Assessor Parcel Ltr: S Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 619700 Taxes: 1863 Legal: PT LOT 2 DAF BEG SW COR LOT 2 TH N ALG W LN 778.5 OF TH E 55F TPOB TH CONT E 152.05F TH N 84.23F T H Marketing Name: 40th St House Number: 17859 Compass: N Street Name: 40TH St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85032 Zip4: 1760 County Code: Maricopa Assessor Number: 215-16-063-S Tax Year: 2025

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 4 Lot Size Dimensions: IRR Total # of Units: 4 Elementary School District: Paradise Valley Unified District High School District: Paradise Valley Unified District Year Built: 1981 Zoning: Multi

Legal Info

Range: 4E Section: 31 Township: 4N Lot Number: 2

Project Type

Four Plex: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Composition: 1

Floors

Laminate: 1 Tile: 1

Sale Includes

Land & Building: 1 Laundry Equipment: 1

Income & Expenses

Annual Gas Exp: 0 Annual Land Lse Exp: 0 Annual Legal & Acctg: 0 Annual Mgmt Exp: 0 Annual Trash Exp: 0 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 0 Operating Exp: 1863 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Pmt & Rate Info

Down Payment: 0 Equity: 879000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0 Assessment Balance: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Phone Call: 1

Lockbox Type

Combo: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Ceiling Fan(s): 1 Electric: 1

Exterior Amenities

Partially Fenced: 1 Cable TV Available: 1 Patio/Balcony: 1

Interior Features

Unfurnished: 1

Tenant Pays

Sewer: 1 Trash Collection: 1 Cable TV: 1

Appliances Included

Dishwasher: 1 Disposal: 1 Refrigerator: 1 Free-Standing Range: 1 Washer/Dryer: 1 W/D Hookup: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Carport: 1 >1 Space Per Unit: 1 Paved: 1

Electric

APS: 1 Individual Meter: 1

Gas

None: 1

Owner Pays

Water: 1 Electric: 1 Landscaping: 1

New Financing

Cash: 1 Conventional: 1 1031 Exchange: 1

Existing 1st Loan

Treat as Free&Clear: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 1600 Avg SqFt: 990 # Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: Union Hills & 40th St. Geo Lat: 33.650213 Geo Lon: -111.9958

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Laminate; Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Partially Fenced; Cable TV Available; Patio/Balcony Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer; W/D Hookup Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Carport; >1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Electric; Landscaping Tenant Pays: Sewer; Trash Collection; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Phone Call Lockbox Type: Combo Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; 1031 Exchange Environmental: None

Listing Office: Compass

Last Updated: March - 23 - 2026