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Rob & Pam Schabatka

Broker/Owner

(928) 282-4166 (o)

(928) 821-3508 (c)

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$879,000
42 Days On Site

17859 N 40TH Street
Phoenix, AZ 85032

For Sale|Multi Family|Active
0
Beds
0
Total Baths
1981
Built
County:
Maricopa

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: (928) 282-4166 x 253
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(928) 282-4166 x 253
17859 N 40TH Street17859 N 40TH Street17859 N 40TH Street17859 N 40TH Street
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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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Listing Snapshot
Price 
$879,000
Days On Site 
42 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1981
MLS® Number 
6998148
Status 
Active
Property Tax 
$1,863
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
a month agoStatus changed to Active
a month agoListing first seen on site
General Features
Cross Street 
Union Hills & 40th St.
Disclosures 
Seller Prop Disc Stm
Parking 
PavedCarport
Parking Spaces 
8
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Water Source 
Public
Zoning 
Multi
Interior Features
Appliances 
Free-Standing RangeDisposalDishwasherRefrigeratorWasher/Dryer
Cooling 
Central AirCeiling Fan(s)Electric
Flooring 
TileLaminate
Heating 
Electric
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Exterior Features
Construction Details 
Stucco
Roof 
Composition
Community Features
Financing Terms Available 
Conventional1031 Exchange
Roads 
Asphalt
School District 
Paradise Valley Unified District
Township 
4N
Schools
School District
Paradise Valley Unified District
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Compass.



All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2026-04-25 06:40 PM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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