17859 N 40TH Street, Phoenix, AZ 85032

Property Description

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.

Listing Status:

Active

Date Added:

March 17, 2026

Data Last Updated:

April 3, 2026 at 1:08AM

Listing Office:

Compass : 480-776-1555

Listing Agent:

Cariste Blase Harlan : 408-781-4929

MLS ID:

6998148

Interior

• Flooring: TileLaminate
• A/C: Ceiling Fan(s)Electric
• Heating: Electric

Exterior

• Parking: Paved>1 Space Per UnitCarportParking spaces: 8

Construction

• Roofing: Composition
• General: Wood FramePaintedStucco

Location

• Road/Access: Asphalt
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Paradise Valley Unified District
• County: Maricopa

Lot

• Zoning: Multi21516063S

Utilities

• Water: City Franchise
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2