$2,600,000

3139 N 40TH Street, Phoenix, AZ 85018

Multi-Family Home
Built in 1955
—— sqft lot
—— car garage
$——/sqft
Listed 6 days ago

Property Description

Rare investment opportunity in Arcadia Lite! Flexible 5-unit residential compound ideal for residential assisted living, adult care, sober living, transitional housing, or premium rental income with high ROI! Nearly ½-acre property w/ 3BR/2BA single-family+ 4-plex w/ 1BR/1BA units, each w/ private yard! Excellent setup for assisted living or adult care model w/ multiple living spaces & inviting amenities for high quality of life. True turnkey asset w/ full cosmetic remodel in 2022. Low operating expenses & no major capital outlay required to create immediate revenue opportunity. Desirable outdoor living w/ pool, hot tubs, bocce ball and lots of green space. Block wall perimeter with controlled access for privacy & security. Expanded income options w/ minimal modifications too! remodel completed in 2022 makes this a true turnkey asset, reducing near-term capital expenses and positioning the property for immediate operation. The grounds are designed for lifestyle and engagementan important value driver for both premium rentals and care-related housingfeaturing 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 environmentideal for resident comfort, quiet enjoyment, and controlled access.

Listing Status:: Active
Date Added:: February 3, 2026
Data Last Updated:: February 11, 2026 at 5:08PM
Listing Office:: eXp Realty : 888-897-7821
Listing Agent:: Erik Kelly : 480-229-6699
MLS ID:: 6979920

Flooring: Ceramic Tile
A/C: Electric
Heating: Electric

Parking: <1 Space Per UnitParking spaces: 11

Roofing: CompositionTileFoam
General: Brick VeneerPaintedAdobeBlock

Road/Access: Asphalt
Originating MLS: Arizona Regional Multiple Listing Service 2
School District: Phoenix Elementary District
County: Maricopa

Zoning: R-312715048

Water: Master MeterCity Franchise
Sewer: Public Sewer

Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Erik Kelly , eXp Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Tavan Elementary School

4610 E Osborn Rd, Phoenix, AZ, 85018

Grades PK-5

0.79 miles away

Ingleside Middle School

5402 E Osborn Rd, Phoenix, AZ, 85018

Grades 6-8

1.81 miles away

Arcadia High School

4703 E Indian School Rd, Phoenix, AZ, 85018

Grades 9-12

0.96 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.