Arcadia Lite Multifamily Investment
3139 N 40TH Street, Phoenix, AZ 85018
- Added:
- Feb 3, 2026
- Days on Market:
- 96
- Last Refresh:
- May 10 at 11:06 am
Property Features for 3139 N 40TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Pool private
- 1
- Appliances
- Built-In Range, Refrigerator, Washer/Dryer
- Standard status
- Active
- APN
- 127-15-048
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 10 PALO ALTO PARK MCR 004431
- Tax Annual Amount
- 2239
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 1955
- Number of units
- 5
- Flooring type
- Tile - Ceramic
- Building materials
- Brick Veneer, Painted, Adobe, Block
- Roof type
- Foam, Tile, Composition
Listing agent Erik Kelly License #SA538275000 (480) 229-6699
Listing office eXp Realty 6991 E Camelback Rd Suite D-300, Peoria, AZ (888) 897-7821
Listing date Feb 3, 2026
MLS# 6979920
Listing URL
Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Rare 5‑unit residential compound on nearly 1/2 acre in Arcadia Lite, ideal for various high‑ROI income models.
- Turnkey asset with full cosmetic remodel in 2022, ready for immediate revenue generation.
- Includes a 3BR/2BA single‑family home plus a 4‑plex with 1BR/1BA units, each with a private yard.
- Desirable outdoor amenities including a pool, hot tubs, bocce ball, and putt‑putt golf.
- Secure property with block wall perimeter and controlled access for enhanced privacy and security.
- Low operating expenses and no major capital outlay required.
Overview
This five-unit residential compound in Phoenix, Arizona, presents a rare investment opportunity in the Arcadia Lite neighborhood. The property, situated on nearly half an acre, features a three-bedroom, two-bathroom single-family home and a four-plex with one-bedroom, one-bathroom units, each with a private yard. Remodeled in 2022, this turnkey asset is suited for residential assisted living, adult care, sober living, transitional housing, or premium rental income. The grounds are designed for lifestyle and engagement, featuring 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 environment. The property offers desirable outdoor living with a pool, hot tubs, bocce ball, and green space. The block wall perimeter provides controlled access for privacy and security. The remodel completed in 2022 reduces near-term capital expenses and positions the property for immediate operation.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Assisted living facilities
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.995086
- Latitude
- 33.486071
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit residential compound ideal for assisted living or rental income.
Where is this apartment building located?
The property is located at 3139 N 40TH Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Rare 5‑unit residential compound on nearly 1/2 acre in Arcadia Lite, ideal for various high‑ROI income models.; Turnkey asset with full cosmetic remodel in 2022, ready for immediate revenue generation.; Includes a 3BR/2BA single‑family home plus a 4‑plex with 1BR/1BA units, each with a private yard.
