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3139 N 40TH Street

Phoenix, AZ 85018
  • $2,600,000
  • STATUS: Active
  • ID#: 6979920
UPDATED: 54 min ago
$2,600,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:
Area:

School Ratings & Info

Description

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 engagementan important value driver for both premium rentals and care-related housingfeaturing putt-putt golf and bocce ball. A private pool is secured and closed off exclusively to the main home, adding an additional amenity layer and operational flexibility. Block walls around the perimeter provide exceptional privacy and a secure, enclosed environmentideal for resident comfort, quiet enjoyment, and controlled access.

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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/172773502
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3139 N 40TH Street Phoenix, AZ 85018

  • Price: $2,600,000
  • Status: Active
  • On Site: Days
  • Updated: 54 min ago
  • ID#: 6979920
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1955
Built
Neighborhood:
Palo Alto Park
County:
Maricopa
Area:
Phoenix
Property Description
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 engagementan important value driver for both premium rentals and care-related housingfeaturing putt-putt golf and bocce ball. A private pool is secured and closed off exclusively to the main home, adding an additional amenity layer and operational flexibility. Block walls around the perimeter provide exceptional privacy and a secure, enclosed environmentideal for resident comfort, quiet enjoyment, and controlled access.
Exterior Features

Attached Garage YN No Construction Materials Brick VeneerPaintedAdobeBlock Covered Spaces 3 Exterior Features [] Open Parking Spaces 8 Parking Features <1 Space Per Unit Pool Private YN Yes Road Surface Type Asphalt Roof CompositionTileFoam

Interior Features

Appliances Included Washer Dryer Yes BIOven Range Yes Cooling Electric Cooling YN Yes Heating Electric Heating YN Yes Interior Features []

Property Features

Community Features OtherSee RemarksPool Disclosures Seller Prop Disc Stm Flooring Ceramic Tile Gross Income 273600 Listing Terms No CarryConventionalVA Loan Maintenance Expense 2100 Owner Pays Pool MaintenanceGasElectricityTrash CollectionWaterSewerLandscaping Ownership Fee Simple Property Condition [] Security Features [] Sewer Public Sewer Tax Annual Amount 2239 Tax Year 2025 Water Source Master MeterCity Franchise Zoning R-3

Arizona Regional MLS logo Listing provided by eXp Realty: .


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