2018 W Cactus Rd Phoenix, AZ 85029
North Mountain Village NeighborhoodEstimated payment $3,294/month
Highlights
- Cooling Available
- Thunderbird High School Rated A-
- Heat Pump System
About This Home
This fully occupied four-plex delivers strong, reliable performance with a current cap rate above 7 percent. It is a rare opportunity to secure a stabilized multifamily asset in a high-demand Phoenix corridor, offering immediate cash flow from day one. Each unit is tenant-occupied with consistent rental history, making this a smart addition to any investment portfolio. Buyers seeking to owner-occupy can also utilize FHA financing, allowing one unit to serve as a primary residence while the remaining three generate income to offset monthly expenses. The property offers straightforward, low-drama operations and sits near major freeways, employment centers, and everyday conveniences. This building excels where it counts: dependable returns, strong occupancy, and long-term investment potential. Opportunities at this price point with proven performance are increasingly hard to find. This is a solid, income-producing asset ready for its next owner!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,825
Year Built
- Built in 1963
Home Design
- Built-Up Roof
- Block Exterior
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Assigned Parking
Schools
- Washington Elementary School
- Glendale High School
Utilities
- Cooling Available
- Heat Pump System
- Individual Controls for Heating
Listing and Financial Details
- Assessor Parcel Number 149-04-015
Community Details
Overview
- 4 Units
- Building Dimensions are 94.1x101.92x92.61x101.96
Building Details
- Operating Expense $10,330
- Gross Income $54,638
- Net Operating Income $44,308
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,825 | $14,363 | -- | -- |
| 2024 | $1,725 | $13,679 | -- | -- |
| 2023 | $1,725 | $38,310 | $7,660 | $30,650 |
| 2022 | $1,668 | $26,460 | $5,290 | $21,170 |
| 2021 | $1,690 | $24,810 | $4,960 | $19,850 |
| 2020 | $1,648 | $22,810 | $4,560 | $18,250 |
| 2019 | $1,618 | $19,930 | $3,980 | $15,950 |
| 2018 | $1,575 | $16,300 | $3,260 | $13,040 |
| 2017 | $1,567 | $15,270 | $3,050 | $12,220 |
| 2016 | $1,539 | $14,760 | $2,950 | $11,810 |
| 2015 | $1,425 | $14,450 | $2,890 | $11,560 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/04/2025 12/04/25 | For Sale | $599,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $485,000 | First American Title Ins Co | |
| Warranty Deed | $225,000 | Fidelity National Title Agen | |
| Contract Of Sale | -- | None Available | |
| Warranty Deed | -- | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Warranty Deed | $104,000 | Grand Canyon Title Agency In | |
| Special Warranty Deed | $112,500 | Accommodation | |
| Trustee Deed | $229,427 | None Available | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Warranty Deed | $379,900 | Capital Title Agency Inc | |
| Special Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Warranty Deed | $320,000 | Capital Title Agency Inc | |
| Warranty Deed | $265,000 | Capital Title Agency Inc | |
| Warranty Deed | $212,250 | Capital Title Agency Inc | |
| Warranty Deed | $186,000 | Stewart Title & Trust Phoeni |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $476,215 | FHA | |
| Previous Owner | $127,500 | New Conventional | |
| Previous Owner | $89,947 | FHA | |
| Previous Owner | $67,200 | Purchase Money Mortgage | |
| Previous Owner | $303,900 | Unknown | |
| Previous Owner | $37,950 | Stand Alone Second | |
| Previous Owner | $64,000 | Stand Alone Second | |
| Previous Owner | $224,000 | Purchase Money Mortgage | |
| Previous Owner | $185,500 | New Conventional | |
| Previous Owner | $201,637 | New Conventional | |
| Previous Owner | $148,800 | New Conventional | |
| Closed | $33,333 | No Value Available | |
| Closed | $53,000 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6953868
APN: 149-04-015
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
- 12207 N 21st Ave Unit 4
- 2142 W Paradise Dr
- 2029 W Sunnyside Ave
- 11811 N 19th Ave Unit 24
- 2138 W Sunnyside Ave
- 2255 W Bloomfield Rd
- 2248 W Columbine Dr
- 2012 W Aster Dr
- 2022 W Aster Dr
- 1945 W Sweetwater Ave Unit 1004
- 2112 W Dahlia Dr
- 1601 W Sunnyside Dr Unit 164
- 2341 W Laurel Ln
- 2335 W Poinsettia Dr
- 1926 W Wood Dr
- 12810 N 17th Ave
- 2309 W Wood Dr
- 2414 W Sierra St
- 11818 N 25th Ave
- 13141 N 22nd Ave
- 2034 W Cactus Rd Unit C
- 12231 N 21st Ave Unit 1
- 12440 N 19th Ave
- 11850 N 19th Ave
- 2002 W Sunnyside Dr Unit OFC
- 2254 W Bloomfield Rd
- 2022 W Windrose Dr
- 2316 W Larkspur Dr
- 2226 W Sierra St
- 2348 W Laurel Ln
- 2201 W Cortez St
- 1802 W Cholla St
- 13129 N 21st Dr
- 1801 W Cholla St
- 12611 N 25th Ave
- 2409 W Cortez Ave
- 2609 W Charter Oak Rd
- 11401 N 25th Ave
- 2529 W Cactus Rd
- 1536 W Andorra Dr