$426,000 - $532,000
RENTED AUG 15, 2025

5040 N 18th Ave Unit 2 Phoenix, AZ 85015

Alhambra Neighborhood
1 Bed
1 Bath
700 Sq Ft
$710 Price per Sq Ft

Highlights

  • Property is near public transit
  • 3-minute walk to 19Th Ave/Camelback
  • Granite Countertops
  • Solano School Rated 9+
  • Wood Flooring
  • No HOA

About This Home

As of August 2025

Gorgeous 1 bedroom 1 bath unit that has been recently remodeled. Great room, eat-in kitchen with refrigerator, stainless-steel appliances, farm sink. $75 per month water/sewer/trash. Tenant to establish their own electric account. OUR QUALIFYING REQUIREMENTS ARE: ABILITY TO MOVE WITHIN THE NEXT 30 DAYS, VERIFIABLE MONTHLY INCOME AT LEAST 3X THE MONTHLY INCOME & GOOD RENTAL HISTORY. TENANT TO VERIFY ALL INFORMATION CONTAINED IN MLS IF CONSIDERED A MATERIAL MATTER PRIOR TO SIGNING LEASE MBA REPRESENTS HOMEOWNER/LANDLORD WHAT APPLIANCES THAT ARE PRESENT IN THE UNIT/HOME WHEN INITIALLY INSPECTING THE HOME IS WHAT WILL BE INCLUDED OWNER IS UNDER NO OBLIGATION TO REPAIR OR REPLACE PERSONAL PROPERTY SUCH AS WASHER/DRYER/REFRIGERATOR. PETSCREENING WILL BE UTILITIZED TO SCREEN ALL ANIMALS THAT WILL BE RESIDING ON THE PROPERTY SAMPLE LEASE IS UPLOADED UNDER DOCS TAB. $60 application fee per adult 2.5% monthly admin fee $300 1x admin fee $1025 security deposit for qualified tenants $300 fee per pet with owner approval only

Last Agent to Rent the Property

Amber Black

MBA Real Estate License #SA649707000 Listed on: 03/26/2025

Last Renter's Agent

Amber Black

MBA Real Estate License #SA649707000 Listed on: 03/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,350

Year Built

  • Built in 1984

Lot Details

  • 8,245 Sq Ft Lot
  • Block Wall Fence

Home Design

  • Patio Home
  • Property Attached
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 700 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 1 Open Parking Space
  • Shared Driveway

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Osborn Community Ielementary School
  • Osborn Middle School
  • North High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association
  • Nile Tract Block 1 Subdivision

Listing and Financial Details

  • Property Available on 3/26/25
  • $300 Move-In Fee
  • 12-Month Minimum Lease Term
  • $60 Application Fee
  • Legal Lot and Block 12 / 3
  • Assessor Parcel Number 156-37-053

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,350

Year Built

Built in 1984

Lot Details

0

Rental Info

  • Available Date: 2025-03-26

Listing Details

  • Cross Street: 18th Ave and Camelback
  • Legal Info Range: 3E
  • Property Type: Residential Lease
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1984
  • Non Assistive Animals: Lessor Approval
  • Initial Move In Costs Admin Fee: 300.0
  • Initial Move In Costs Application Fee: 60.0
  • Lease Term Minimum Lease Term Months: 12
  • Directions: 18th Ave is a dead end street. Enter from Camelback. On the left side.
  • Property Sub Type: Patio Home
  • Horses: No
  • Lot Size Acres: 0.19
  • Subdivision Name: NILE TRACT BLOCK 1
  • Property Attached Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Water2: Yes
  • Special Features: None

Interior Features

  • Flooring: Wood
  • Basement YN: No
  • Furnished: Unfurnished
  • Spa Features: None
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: No Fireplace
  • Fireplace: No
  • Interior Amenities: Granite Counters, Eat-in Kitchen
  • Living Area: 700.0
  • Stories: 1
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Gravel/Stone Front, Gravel/Stone Back
  • Pool Private: No
  • Disclosures: Agency Discl Req
  • Construction Type: Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: Shared Driveway
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Parking Features:Shared Driveway: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: See Remarks, Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Near Light Rail Stop, Near Bus Stop
  • Association: No
  • Pets Allowed: Lessor Approval

Schools

  • Elementary School: Osborn Community iSchool
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size Sq Ft: 8245.0
  • Parcel #: 156-37-053

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Block: 3
  • Tax Book Number: 156.00
  • Tax Lot: 12
  • Tax Map Number: 37.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2024
Sold by
Pierson Investments Llc
Bought by
Watson Tyler
Current Estimated Value
$496,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,915
Outstanding Balance
$479,942
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$16,783

Purchase Details

Closed on
Apr 17, 2013
Sold by
Gordon Ronald M and Gordon Lana L
Bought by
Pierson Investments Llc

Purchase Details

Closed on
Sep 4, 2012
Sold by
Gordon Phyllis
Bought by
Gordon Ronald M and Gordon Lana L
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Watson Tyler $510,437 Roc Title Agency
Pierson Investments Llc $130,000 Dhi Title
Gordon Ronald M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watson Tyler $484,915
Previous Owner Gordon John D $130,000
Closed Pierson Investments Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Rented $825 0.0% --
08/06/2025 08/06/25 Under Contract -- -- --
07/22/2025 07/22/25 Price Changed $825 -7.8% $1 / Sq Ft
06/02/2025 06/02/25 Price Changed $895 -3.2% $1 / Sq Ft
05/15/2025 05/15/25 Price Changed $925 -7.0% $1 / Sq Ft
04/23/2025 04/23/25 Price Changed $995 -2.9% $1 / Sq Ft
04/14/2025 04/14/25 Price Changed $1,025 -10.9% $1 / Sq Ft
03/26/2025 03/26/25 For Rent $1,150 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 $1,350 $10,758 -- --
2024 $1,304 $10,246 -- --
2023 $1,304 $36,960 $7,390 $29,570
2022 $1,297 $25,910 $5,180 $20,730
2021 $1,319 $22,660 $4,530 $18,130
2020 $1,286 $19,160 $3,830 $15,330
2019 $1,230 $16,420 $3,280 $13,140
2018 $1,189 $14,100 $2,820 $11,280
2017 $1,092 $11,580 $2,310 $9,270
2016 $1,053 $10,150 $2,030 $8,120
2015 $979 $8,800 $1,760 $7,040
Source: Public Records

Agents Affiliated with this Home

  • Amber Black

    Landlord's Agent in 2025

    Amber Black

    MBA Real Estate

    (480) 228-5396

    23 Total Sales

    Amber Black
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6844306

Arizona Regional Multiple Listing Service (ARMLS)

APN: 156-37-053

Arizona Maricopa County Phoenix 85015 Alhambra

5040 N 18th Ave Unit 2, Phoenix, AZ

This home is located at 5040 N 18th Ave Unit 2, Phoenix, AZ 85015 since 26 March 2025 and is currently priced at $496,725. This property was built in 1984. 5040 N 18th Ave Unit 2 is a home located in Maricopa County with nearby schools including Solano School, Osborn Middle School, and Central High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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