New Luxury Condo
For Sale
$11,600,000
4525 N 40th Street Phoenix, Phoenix, AZ 85018
Eight brand new luxury condos with private elevators, each featuring three bedrooms and three baths with two-car garages.
Property Size20,000 SF
Price / SF$580
Days on Market56
Property Features for 4525 N 40th Street Phoenix
General Information
Standard status
Active
Size
20,000 SF
Total Parking Spaces
21
Property subtype
Multiple Dwellings
Zoning
C-N
Net Operating Income
$579,600
Additional Details
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$44,000
Amenities
Ceramic Tile
Yes
24
No
City Franchise
21.0
16.0
180 x 120
Asphalt
2
Building Details
Year Built
2023
Buildings
2
Tenancy
Multi
Listed By:
Amy Gravel
(480) 355-3500
Source:
Excaliburrealestate
Added: Jul 14
Changed: Sep 5
Last Checked: Sep 7 at 4:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Amy Gravel
Investment Insights
Based on property information with market context.
This offering consists of eight brand new, high-end condos. Each unit is configured with three bedrooms and three bathrooms, and includes a two-car garage. A standout feature is that every condo has its own private elevator.
The property is located in the Arcadia area of Phoenix, where there is a mix of office, retail, and restaurant activity.
All units are currently rented, supporting an income-producing residential income property profile.
The property is located in the Arcadia area of Phoenix, where there is a mix of office, retail, and restaurant activity.
All units are currently rented, supporting an income-producing residential income property profile.
Key Highlights
- 2‑building, 8‑unit condo property built in 2023
- Each unit has 3 bedrooms, 3 bathrooms, and a 2‑car garage
- Private elevator in every unit
Property Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
Explore this area
Business Placement
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Eight brand new luxury condos with private elevators, each featuring three bedrooms and three baths with two-car garages.
Where is this apartment building located?
The property is located at 4525 N 40th Street Phoenix Phoenix, AZ.
What is the asking price?
The asking price for this property is $11,600,000.
What are key features of this property?
This property features: 2‑building, 8‑unit condo property built in 2023; Each unit has 3 bedrooms, 3 bathrooms, and a 2‑car garage; Private elevator in every unit
