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Renovated Triplex with Individual Meters
For Sale
$725,000

5038 North 18th Avenue, Phoenix, AZ 85015

R-3-zoned property combines a house and duplex with separately metered electric service.

Property SizeContact for details
Days on Market178

Property Features for 5038 North 18th Avenue

General Information

Standard status Active
Property subtype Multiple Dwellings
Zoning R-3
Net Operating Income $46,548

Taxes and HOA fees

Annual Taxes $1,615

Amenities

Central Air, Electric
Forced Air, Heat Pump, Electric
Vinyl
Yes
0.0
Composition
Sidewalk(s)
Security Light(s)
See Remarks
2
3
Wood Frame, Painted, Brick

Building Details

Year Built 1984
Listing Agency: My Home Group Real Estate
Listed By: David Coombs · License #SA511077000
Source: Compass
Added: Mar 6 Changed: Aug 30 Last Checked: Aug 31 at 1:48AM

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 My Home Group Real Estate

Investment Insights

Based on property information with market context.

This R-3-zoned triplex consists of one single-family residence and a duplex, creating three separate residential units within the property. The improvements include updated flooring, windows, cabinetry, quartz countertops, doors, paint, landscaping, lighting, fixtures, and stainless steel appliances. Two new water heaters have also been installed.

The roof and HVAC systems are newer, while individual electric meters serve each unit. Built in 1984, the property includes central air, forced-air and heat-pump systems, a composition roof, and wood-frame construction with painted and brick elements. Sidewalk access and security lighting are also present.

The property is within walking distance of light rail, shopping, supermarkets, and restaurants. It is located at 5038 North 18th Avenue in Phoenix, Arizona.

Key Highlights

  • Three‑unit configuration includes a single‑family home and a duplex
  • R‑3 zoning with individually metered electricity for each unit
  • Renovated with new flooring, windows, cabinets, quartz countertops, doors, paint, lighting, and fixtures

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Grocery & Convenience Store HVAC Service Law Firm Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,172
Businesses Nearby

Demographics for 85015, AZ

41,436
Population
17,889
Households
2.3
Avg Household Size
33
Median Age
25%
College-Educated
78%
High-School Grad
4.9 sq mi
ZIP Area
8,456
Density / Sq Mi
$52,585
Median Household Income
$36,456
Median Earnings
$1,227
Median Rent
$312,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - R-3-zoned property combines a house and duplex with separately metered electric service.
Where is this triplex located?
The property is located at 5038 North 18th Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Three‑unit configuration includes a single‑family home and a duplex; R‑3 zoning with individually metered electricity for each unit; Renovated with new flooring, windows, cabinets, quartz countertops, doors, paint, lighting, and fixtures
More about this property
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