For sale

$570,000

5038 N 18TH Avenue, Phoenix, AZ 85015

9beds

3baths

2,277sqft

$3,660/mo

Get pre-qualified

Multi Family

Built in 1984

-- sqft lot

$-- Zestimate^®

$250/sqft

$-- HOA

What's special

Remodeled 3-unit PadSplit investment near Valley Metro Rail at 19th Ave/Camelback. Two buildings total approximately 2,276 SF and are configured as nine furnished rentable rooms across three 3BR/1BA units. Seller reports $120,000+ in improvements, including updated kitchens, baths, flooring, windows, plumbing, electrical, lighting, coded entry and full-size laundry. At $205 per room weekly, underwriting projects $95,202 GPI, $52,820 NOI and a 7.56% cap at the $699,000 asking price after 7% vacancy. Furnishings convey as-is. Buyer to verify all facts, figures, PadSplit operations, permits and compliance.

47 days
145
25

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 3

Heating

Forced Air, Heat Pump, Electric, Natural Gas

Cooling

Ceiling Fan(s), See Remarks, Electric, Heat Pump

Appliances

Included: Dishwasher, Refrigerator, Free-Standing Gas Oven, Free-Standing Electric Oven, Built-In Gas Oven, Microwave, Washer/Dryer

Features

Flooring: Vinyl

Interior area

Total structure area: 2,277
Total interior livable area: 2,277 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 5
Parking features: Off Street, Free, Add'l Parking Avail, >1 Space Per Unit, On Street
Uncovered spaces: 5

Details

Parcel number: 15637054
Zoning: [R-3] Multiple

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Board & Batten Siding, Painted, Brick
Roof: Composition

Condition

Year built: 1984

Utilities & green energy

Electric: SRP, Individual Meter
Sewer: Public Sewer
Water: Master Meter, City Franchise

Community & HOA

Community

Features: No Pool
Subdivision: NILE TRACT BLOCK 1

Location

Region: Phoenix

Financial & listing details

Price per square foot: $250/sqft
Tax assessed value: $524,500
Annual tax amount: $1,615
Date on market: 8/27/2026
Cumulative days on market: 73 days
Listing terms: Cash,No Carry,Conventional
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/7/2026	Listed for sale	$570,000-18.5%$250/sqft
Source: ARMLS #7090472 Report a problem
9/4/2026	Listing removed	$699,000$307/sqft
Source: ARMLS #7058179 Report a problem
9/3/2026	Price change	$699,000-2.2%$307/sqft
Source: ARMLS #7058179 Report a problem
7/24/2026	Listed for sale	$715,000-1.4%$314/sqft
Source: ARMLS #7058179 Report a problem
4/7/2026	Listing removed	$725,000$318/sqft
Source: ARMLS #6990428 Report a problem
3/11/2026	Listed for sale	$725,000+63.8%$318/sqft
Source: ARMLS #6990428 Report a problem
11/7/2025	Sold	$442,500+4.1%$194/sqft
Source: Public Record Report a problem
7/1/2021	Sold	$425,000+214.8%$187/sqft
Source: Public Record Report a problem
4/20/2004	Sold	$135,000$59/sqft
Source: ARMLS #2116234 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,615 +3.5%	$52,450 -8.6%
2024	$1,561 +3.5%	$57,360 +408.4%
2023	$1,508 +0.6%	$11,282 -62.5%
2022	$1,500 +0.9%	$30,050 +15.1%
2021	$1,486 +4.5%	$26,100 +18.3%
2020	$1,422 +3.4%	$22,070 +15.5%
2019	$1,375	$19,110 +16.3%
2018	$1,375 +8.9%	$16,430 +22.1%
2017	$1,262 +11.5%	$13,460 +14.3%
2016	$1,132 -0.9%	$11,780 +14.3%
2015	$1,142	$10,310 +62.9%
2013	--	$6,330 -4.4%
2012	--	$6,620 -65.4%
2011	--	$19,141 -19.7%
2010	--	$23,848 -2.4%
2009	--	$24,444 +7.6%
2008	--	$22,718 +34.1%
2007	--	$16,941 +20.8%
2006	--	$14,021
2005	--	$14,021 +33.7%
2004	--	$10,489
2003	--	$10,489 +5%
2002	--	$9,993