3330 N 18TH Street, Phoenix, AZ 85016 (MLS# 6938581)

3330 N 18TH Street, Phoenix, AZ 85016

$1,399,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $1,399,000 Last Modified: 3/11/2026

Overview

Description

This pristine seven unit complex is located in the coveted 85016 zip code on a quiet, dead-end street. 7.68 CAP on actual numbers. High-quality new construction across the street. This pocket is arguably one of the nicest you will find in Phoenix. In close proximity to the Biltmore Corridor, Arcadia Lite, PHX Children's Hospital & PHX Country Club. Premium rental market. Stabilized 7.68 CAP with 100% occupancy (master leased to 9/30/2027)-hard to match this! Completely renovated a few years ago from top-to-bottom. Upgrades include, but are not limited to, plumbing/electrical/HVACs/roofs/windows/carpentry/landscaping & more. All 1 bedroom units (507 sf +/-) over three single-story buildings. 11,382 sf lot. R-3 zoning. 1954 build. T-12 in documents.

Listing Details MLS# 6938581

Location, Tax & Legal

House Number: 3330
Compass: N
Street Name: 18TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 7142
Country: US
County Code: Maricopa
Subdivision: HOME ACRES
Assessor Number: 119-32-130
Tax Year: 2024
Assessor's Map #: 32
Legal Description (Abbrev): HOME AC LOT 22 S2
Assessor's Parcel #: 130
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 110701
Taxes: 2617
Legal: HOME AC LOT 22 S2
Marketing Name: Coveted 85016-7.67 CAP

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 11382 sf
Year Built: 1954
Uncvrd Parking Spcs: 9
Total # of Units: 7
# of Buildings: 3
Zoning: R-3
Flood Zone: No
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: Osborn & 16th St
Directions: Just south off Osborn. Hwy 51 is 1/2 mile east (but exit @ Thomas) or 16th/Osborn east.

Status Change Info

Off Market Date: 2026-01-27
Under Contract Date: 2026-01-12
Close of Escrow Date: 2026-03-10

Legal Info

Township: 2N
Range: 3E
Section: 27
Lot Number: 22

More Information

Income Expenses

Gross Annual Sch Inc: 122404
Net Operating Income: 107424

Showing Notification Methods

Showing Service: No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units: 7
Avg Rent: 1471
Avg SqFt: 507
# Baths: Yes

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Balloon
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 50000
Seller Concession $/%: $
Buyer Concession to Seller: 0

Project Type

5 - 12 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Other: Yes

Sale Includes

Building(s) Only: Yes
Other (See Remarks): Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 14929
Operating Exp: 17546
Other Income: 2464
Vacancy Allowance: 0.03
Adjusted Gross Inc: 121121.96
Total Monthly Rental Income: 10200

Pmt & Rate Info

Cap Rate: 7.68
Equity: 1399000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Barbecue: Yes
Other: Yes

Heating

Forced Air: Yes
Heat Pump: Yes
Electric: Yes
Individual: Yes

Cooling

Central Air: Yes
Electric: Yes
Heat Pump: Yes
Individual: Yes
See Remarks: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Fenced: Yes
Cable TV Available: Yes
Patio/Balcony: Yes
Security Light(s): Yes
Other (See Remarks): Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Other (See Remarks): Yes

Tenant Pays

Electricity: Yes
Other (See Remarks): Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Free-Standing Gas Oven: Yes
Microwave: Yes
Refrigerator: Yes
Other: Yes
See Remarks: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

1 Space/Unit: Yes
Paved: Yes
Add'l Parking Avail: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

SW Gas: Yes
Individual Meter: Yes

Owner Pays

Water: Yes
Sewer: Yes
Electric: Yes
Gas: Yes
Trash Collection: Yes
Landscaping: Yes
See Remarks: Yes

New Financing

Cash: Yes
Conventional: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Other (See Remarks): Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl; Other Sale Includes: Building(s) Only; Other (See Remarks) Community Features: Barbecue; Other Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Security Light(s); Other (See Remarks) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Other (See Remarks) Appliances Included: Free-Standing Gas Oven; Refrigerator; Dishwasher; Disposal; Microwave; Other; See Remarks Heating: Forced Air; Individual; Heat Pump Cooling: Electric; Heat Pump; Individual; Central Air; See Remarks Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: SW Gas; Individual Meter Parking Features: 1 Space/Unit; Add'l Parking Avail; Paved Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping; See Remarks Tenant Pays: Electricity; Other (See Remarks) Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; Conventional Environmental: None

Documents

T12-3330 N 18th_Seller ›

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: March - 11 - 2026