3139 N 40th Street, Phoenix, AZ 85018

Phoenix
Local realty services provided by:HUNT Real Estate ERA
3139 N 40th Street,Phoenix, AZ 85018
$2,600,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: erik kelly
Office: exp realty
MLS#:6979920
Source:ARMLS

Price summary

  • Price:$2,600,000

About this home

Rare investment opportunity in Arcadia Lite! Flexible 5-unit residential compound ideal for residential assisted living, adult care, sober living, transitional housing, or premium rental income with high ROI! Nearly ½-acre property w/ 3BR/2BA single-family+ 4-plex w/ 1BR/1BA units, each w/ private yard! Excellent setup for assisted living or adult care model w/ multiple living spaces & inviting amenities for high quality of life. True turnkey asset w/ full cosmetic remodel in 2022. Low operating expenses & no major capital outlay required to create immediate revenue opportunity. Desirable outdoor living w/ pool, hot tubs, bocce ball and lots of green space. Block wall perimeter with controlled access for privacy & security. Expanded income options w/ minimal modifications too! remodel completed in 2022 makes this a true turnkey asset, reducing near-term capital expenses and positioning the property for immediate operation. The grounds are designed for lifestyle and...

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Home facts

  • Year built:1955
  • Listing ID #:6979920
  • Updated:May 15, 2026 at 02:51 PM

Rooms and interior

  • Flooring:Ceramic Tile

Heating and cooling

  • Cooling:Electric
  • Heating:Electric

Structure and exterior

  • Year built:1955
  • Construction Materials:Adobe, Block, Brick Veneer, Painted

Utilities

  • Water:City Franchise, Master Meter

Finances and disclosures

  • Price:$2,600,000
  • Tax amount:$2,239 (2025)

Parking

  • Total parking spaces:11
  • Parking description:Less Than 1 Parking Space/Unit
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