$2,600,000

3139 N 40TH Street, Phoenix, AZ 85018

Multi-Family Home
Built in 1955
—— sqft lot
—— car garage
$——/sqft
Listed 3 months 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:: May 21, 2026 at 4:08PM
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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