3139 N 40TH Street, Phoenix, AZ 85018
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3139 N 40TH Street, Phoenix, AZ 85018
3139 N 40TH Street, Phoenix, AZ 85018
3139 N 40TH Street, Phoenix, AZ 85018
3139 N 40TH Street, Phoenix, AZ 85018
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Alexander Dempsey

Alexander Dempsey

+1(715) 681-2879
$ 2,600,000
Est. payment /mo
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3139 N 40TH Street Phoenix, AZ 85018

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Palo Alto Park

MLS Listing ID 6979920

Maintenance Fees $2,100

Year Built 1955

Annual Tax Amount $2,239

Tax Year 2025

Lot Dimensions 0 x 0

Source Arizona Regional Multiple Listing Service (ARMLS)

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.

Location

State AZ

County Maricopa

Community Palo Alto Park

Area Maricopa

Zoning R-3

Direction West on Thomas Rd from 44th Street, then right on 40th Street. Property on right before Osborn Rd, between Cheery Lynn Rd and E Flower Street

Interior

Heating Electric

Cooling Electric

Flooring Ceramic Tile

Appliance Built-In Range, Refrigerator, Washer/Dryer

Exterior

Parking Features <1 Space Per Unit

Community Features Other, See Remarks, Pool

Roof Type Composition,Tile,Foam

Private Pool Yes

Building

Sewer Public Sewer

Water Master Meter, City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 127-15-048

Acceptable Financing No Carry, Conventional, VA Loan

Disclosures Seller Prop Disc Stm

Listing Terms No Carry, Conventional, VA Loan

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by eXp Realty • Erik Kelly

Nearby Locations

Alexander Dempsey

Alexander Dempsey

Agent | License ID: 97051

+1(715) 681-2879

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3139 N 40TH Street