2440 E WALTANN Lane, Phoenix, AZ 85032 (MLS# 7017582)

2440 E WALTANN Lane, Phoenix, AZ 85032

$739,000

Property Type: Multiple Dwellings Status: Active

Current Price: $739,000 Last Modified: 4/22/2026

Description

This 4-unit property in Phoenix presents a compelling opportunity for the owner-occupant or buy-and-hold investor looking to enter or expand in one of the Valley's most resilient rental markets. The offering features a desirable unit mix of three 2-bedroom residences and one spacious 3-bedroom unit, ideal for the house hacker looking to offset their mortgage while building long-term equity. The property is move-in ready with meaningful updates already in place, allowing an investor to step in with confidence while still having a clear runway to add value through strategic improvements and rental rate optimization.

More Information MLS# 7017582

Contract Info

Ownership: Fee Simple Current Price: $739,000 List Price: $739,000 Status: Active List Date: 2026-04-22

Location, Tax & Legal

Assessor's Map #: 40 Legal Description (Abbrev): LOT 2 GREENLEY PLACE MCR 023442 Assessor's Parcel #: 193 Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 103306 Taxes: 1479 Legal: LOT 2 GREENLEY PLACE MCR 023442 Marketing Name: 2440 E Waltann House Number: 2440 Compass: E Street Name: WALTANN St Suffix: Lane City/Town Code: Phoenix State/Province: AZ Zip Code: 85032 Zip4: 3636 County Code: Maricopa Subdivision: GREENLEY PLACE Assessor Number: 214-40-193 Tax Year: 2025

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 3 Lot Size Dimensions: Normal Total # of Units: 4 Elementary School District: Paradise Valley Unified District High School District: Paradise Valley Unified District Year Built: 1982 Zoning: R-3

Legal Info

Range: 3E Section: 2 Township: 3N Lot Number: 2

Project Type

Four Plex: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Composition: 1 Tile: 1

Floors

Tile: 1 Vinyl: 1

Sale Includes

Land & Building: 1

Income & Expenses

Owner Association: Yes Annual Ownr Asoc Fee: 2160 Operating Exp: 3639 Other Income: 0 Vacancy Allowance: 0.1 Adjusted Gross Inc: 49500

Pmt & Rate Info

Cap Rate: 5.41 Equity: 739000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: No Showing Service Used

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Central: 1

Cooling

Central Air: 1

Exterior Amenities

Patio/Balcony: 1

Tenant Pays

Electricity: 1

Appliances Included

Dishwasher: 1 Disposal: 1 Microwave: 1 Refrigerator: 1 Built-In Range: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Projected Proforma: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Carport: 1 >1 Space Per Unit: 1

Electric

APS: 1

Gas

None: 1

Owner Pays

Water: 1 Trash Collection: 1

New Financing

Cash: 1 Cash to Loan: 1 VA: 1 Conventional: 1 FHA: 1 1031 Exchange: 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: 1200 Avg SqFt: 786 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 1200 Avg SqFt: 912 # Baths: 2

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: Greenway and 25th St Geo Lat: 33.628744 Geo Lon: -112.028994

Income Expenses

Gross Annual Sch Inc: 55000 Net Operating Income: 40000

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Tile Floors: Tile; Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Patio/Balcony Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave Heating: Central Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Carport; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Lockbox Type: None New Financing: Cash; Cash to Loan; VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: Orion Investment Real Estate

Last Updated: April - 22 - 2026