5038 N 18th Avenue, Phoenix, AZ 85015

Phoenix
Local realty services provided by:ERA Brokers Consolidated
5038 N 18th Avenue,Phoenix, AZ 85015
$570,000
Virtual Tour
  • 9 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: linda s gerchick
Office: gerchick real estate
MLS#:7090472
Source:ARMLS

Price summary

  • Price:$570,000

About this home

Remodeled 3-unit PadSplit investment near Valley Metro Rail at 19th Ave/Camelback. Two buildings total approximately 2,276 SF and are configured as nine furnished rentable rooms across three 3BR/1BA units. Seller reports $120,000+ in improvements, including updated kitchens, baths, flooring, windows, plumbing, electrical, lighting, coded entry and full-size laundry. At $205 per room weekly, underwriting projects $95,202 GPI, $52,820 NOI and a 7.56% cap at the $699,000 asking price after 7% vacancy. Furnishings convey as-is. Buyer to verify all facts, figures, PadSplit operations, permits and compliance.

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Home facts

  • Year built:1984
  • Subdivision & Development:NILE TRACT BLOCK 1
  • Listing ID #:7090472
  • Updated:October 08, 2026 at 01:02 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:3
  • Flooring:Vinyl

Heating and cooling

  • Cooling:Ceiling Fan(s), Electric, Heat Pump
  • Heating:Electric, Heat Pump, Natural Gas

Structure and exterior

  • Year built:1984
  • Construction Materials:Brick, Painted

Utilities

  • Water:City Franchise, Master Meter

Finances and disclosures

  • Price:$570,000
  • Tax amount:$1,615 (2025)

Parking

  • Total parking spaces:5
  • Parking description:Additional Parking Available, Free Parking, More Than 1 Parking Space/Unit
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