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.
For sale
$2,600,000
3139 N 40TH Street, Phoenix, AZ 85018
7beds
3baths
4,166sqft
Multi Family
Built in 1955
-- sqft lot
$-- Zestimate®
$624/sqft
$-- HOA
What's special
- 154 days |
- 310 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Erik Kelly 480-229-6699,
eXp Realty
Source: ARMLS,MLS#: 6979920
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Built-In Range, Refrigerator, Washer/Dryer
Features
- Flooring: Ceramic Tile
Interior area
- Total structure area: 4,166
- Total interior livable area: 4,166 sqft
Property
Parking
- Total spaces: 11
- Parking features: <1 Space Per Unit
- Covered spaces: 3
- Uncovered spaces: 8
Features
- Has private pool: Yes
Details
- Parcel number: 12715048
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Veneer, Painted, Adobe, Block
- Roof: Composition,Tile,Foam
Condition
- Year built: 1955
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: Master Meter, City Franchise
Community & HOA
Community
- Features: Other, See Remarks, Pool
- Subdivision: PALO ALTO PARK
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $624/sqft
- Tax assessed value: $959,100
- Annual tax amount: $2,239
- Date on market: 2/3/2026
- Cumulative days on market: 379 days
- Listing terms: No Carry,Conventional,VA Loan
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 2/5/2026 | Listed for sale | $2,600,000+2%$624/sqft |
Source:  ARMLS #6979920 Report a problem | ||
| 1/14/2026 | Listing removed | $2,549,000$612/sqft |
Source: ARMLS #6874576 Report a problem | ||
| 11/22/2025 | Price change | $2,549,000-1.9%$612/sqft |
Source: ARMLS #6874576 Report a problem | ||
| 6/27/2025 | Price change | $2,599,000-1.9%$624/sqft |
Source: ARMLS #6874576 Report a problem | ||
| 6/2/2025 | Listed for sale | $2,649,0000%$636/sqft |
Source: ARMLS #6874576 Report a problem | ||
| 12/1/2023 | Sold | $2,650,000+141.1%$636/sqft |
Source: Public Record Report a problem | ||
| 4/26/2021 | Price change | $1,099,000+3.3%$264/sqft |
Source: ARMLS #6223107 Report a problem | ||
| 4/17/2021 | Listed for sale | $1,064,000+11.1%$255/sqft |
Source: ARMLS #6223107 Report a problem | ||
| 4/12/2021 | Sold | $958,000-8.8%$230/sqft |
Source: ARMLS #6185694 Report a problem | ||
| 4/9/2021 | Pending sale | $1,050,000$252/sqft |
Source: ARMLS #6185694 Report a problem | ||
| 4/9/2021 | Listing removed | -- |
Source: ARMLS #6185694 Report a problem | ||
| 3/9/2021 | Price change | $1,050,000-41.7%$252/sqft |
Source: ARMLS #6185694 Report a problem | ||
| 1/26/2021 | Listed for sale | $1,800,000$432/sqft |
Source: ARMLS #6185694 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,225 +4.7% | $95,910 -16.6% |
| 2024 | $2,125 +2% | $115,050 +366.3% |
| 2023 | $2,083 +9.8% | $24,674 -68% |
| 2022 | $1,897 -2.5% | $77,080 +18.3% |
| 2021 | $1,946 +3.7% | $65,130 +14.7% |
| 2020 | $1,876 +3.7% | $56,780 +15.5% |
| 2019 | $1,809 | $49,170 +17.5% |
| 2018 | $1,809 +4.6% | $41,860 +50.8% |
| 2017 | $1,730 +11.9% | $27,760 -1% |
| 2016 | $1,545 -6.6% | $28,050 +7.5% |
| 2015 | $1,655 | $26,100 +11.4% |
| 2014 | -- | $23,420 +74.8% |
| 2013 | -- | $13,400 -5.1% |
| 2012 | -- | $14,120 -64% |
| 2011 | -- | $39,209 -16.4% |
| 2010 | -- | $46,905 +1.6% |
| 2009 | -- | $46,144 -19.8% |
| 2008 | -- | $57,543 +37.6% |
| 2007 | -- | $41,821 +57.8% |
| 2006 | -- | $26,500 |
| 2005 | -- | $26,500 +49.1% |
| 2004 | -- | $17,779 |
| 2003 | -- | $17,779 +2.5% |
| 2002 | -- | $17,343 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Camelback East
Nearby schools
GreatSchools rating
- 9/10Tavan Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 7/10Ingleside Middle SchoolGrades: 6-8Distance: 1.8 mi
- 9/10Arcadia High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: Phoenix Elementary District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Arizona
- Maricopa County
- Phoenix
- 85018
- Camelback East
- 3139 N 40TH Street
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