3139 N 40th St Phoenix, AZ 85018
Camelback East Village NeighborhoodEstimated payment $15,048/month
Highlights
- Heated Pool
- Cooling Available
- Vinyl Flooring
- Tavan Elementary School Rated A
- Community Playground
- Heating System Uses Natural Gas
About This Home
On nearly a half-acre in Arcadia Lite, this property has a 3 bed & 2 bath single family house and a four plex. Each unit of the four plex is a full 1 bed & 1 bath with private backyard areas. This property is the perfect opportunity for a long-term rental, short-term rental, sober living, residential assisted living, etc! Full cosmetic remodel completed in 2022, this property is an investors dream. The property is equipped with a pool which is closed off to only the main house, putt-putt golf, and bocce ball. Block walls around the perimeter of the house give full privacy. Property had a 2 year tenant paying $24K/mo and averaged $28K/mo in January, February and March of 2025. The property has great value-add opportunity if additional units were placed on the property.
Last Listed By
Gentry Real Estate Brokerage Phone: 480.703.5914 License #SA682475000 Listed on: 05/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,138
Year Built
- Built in 1955
Home Design
- Brick Exterior Construction
- Tile Roof
- Composition Roof
- Foam Roof
- Block Exterior
- Adobe
Parking
- 11 Open Parking Spaces
- 14 Parking Spaces
- 3 Covered Spaces
Schools
- Tavan Elementary School
- Ingleside Middle School
- Arcadia High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
Additional Features
- Vinyl Flooring
- Heated Pool
Listing and Financial Details
- Tax Lot 10
- Assessor Parcel Number 127-15-048
Community Details
Overview
- 2 Buildings
- 5 Units
- Building Dimensions are 165x15
- Palo Alto Park Subdivision
Recreation
- Community Playground
- Heated Community Pool
Building Details
- Operating Expense $2,138
- Gross Income $205,200
- Net Operating Income $132,000
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 | $2,138 | $27,203 | -- | -- |
| 2024 | $2,095 | $25,908 | -- | -- |
| 2023 | $2,095 | $100,700 | $20,140 | $80,560 |
| 2022 | $1,897 | $77,080 | $15,410 | $61,670 |
| 2021 | $1,976 | $65,130 | $13,020 | $52,110 |
| 2020 | $1,946 | $56,780 | $11,350 | $45,430 |
| 2019 | $1,876 | $49,170 | $9,830 | $39,340 |
| 2018 | $1,809 | $41,860 | $8,372 | $33,488 |
| 2017 | $1,730 | $27,760 | $5,550 | $22,210 |
| 2016 | $1,684 | $28,050 | $5,610 | $22,440 |
| 2015 | $1,545 | $26,100 | $5,220 | $20,880 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | For Sale | $2,649,000 | +176.5% | -- |
| 04/12/2021 04/12/21 | Sold | $958,000 | -8.8% | $238 / Sq Ft |
| 04/09/2021 04/09/21 | Price Changed | $1,050,000 | 0.0% | $261 / Sq Ft |
| 03/12/2021 03/12/21 | Pending | -- | -- | -- |
| 03/09/2021 03/09/21 | Price Changed | $1,050,000 | -41.7% | $261 / Sq Ft |
| 01/25/2021 01/25/21 | For Sale | $1,800,000 | -- | $447 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,650,000 | None Listed On Document | |
| Warranty Deed | -- | Truly Title | |
| Warranty Deed | -- | Accommodation | |
| Warranty Deed | $1,090,000 | Driggs Title Agency Inc | |
| Warranty Deed | $1,680,000 | Driggs Title Agency Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,495,000 | New Conventional | |
| Previous Owner | $1,837,500 | Construction | |
| Previous Owner | $165,000 | Unknown | |
| Previous Owner | $720,000 | Commercial |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6874576
APN: 127-15-048
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
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