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17859 N 40TH Street

Phoenix, AZ 85032
  • $879,000
  • STATUS: Active
  • ID#: 6998148
UPDATED: 74 min ago
$879,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1981
County:
Area:

School Ratings & Info

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 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.

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Arizona Regional MLS logo© 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2026-04-19T07:19:48.117.
www.arizonahomesearch.com/homes/174078015
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17859 N 40TH Street Phoenix, AZ 85032

  • Price: $879,000
  • Status: Active
  • On Site: Days
  • Updated: 74 min ago
  • ID#: 6998148
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1981
Built
County:
Maricopa
Area:
Phoenix
Property 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 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.
Exterior Features

Attached Garage YN No Construction Materials Wood FramePaintedStucco Covered Spaces 4 Exterior Features [] Open Parking Spaces 4 Parking Features Paved>1 Space Per UnitCarport Road Surface Type Asphalt Roof Composition

Interior Features

Appliances Included Washer Dryer Yes Cooling Ceiling Fan(s)Electric Cooling YN Yes FSOven Range Yes Heating Electric Heating YN Yes Interior Features [] WDHookup Yes

Property Features

Community Features No Pool Disclosures Seller Prop Disc Stm Flooring TileLaminate Gross Income 0 Listing Terms Conventional1031 Exchange Owner Pays ElectricityWaterLandscaping Ownership Fee Simple Project Type Quadraplex Yes Property Condition [] Security Features [] Sewer Public Sewer Tax Annual Amount 1863 Tax Year 2025 Water Source City Franchise Zoning Multi

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Arizona Regional MLS logo© 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2026-04-19T07:19:48.117.
 
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Long Realty Company
4051 E. Sunrise Dr, Suite 101
Tucson AZ, 85718