# 17859 N 40TH Street, Phoenix, AZ 85032

> **TL;DR:** residential multi family, $879,000, built 1981.
> A/C. Est. $3,809/mo. Listed 28 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $879,000 |
| Year Built | 1981 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 28 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,809 |
| **Total** | **$3,809** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1981

## Description

### Agent Description
This 4plex presents a rare opportunity for investors to acquire a property with immediate upside. Whether you're looking to lease at current market rents or pursue a strong Section 8 rental strategy, this property offers the flexibility to place tenants and optimize income from day one. The property features four spacious units, including three 2-bedroom, 1-bath units and one 2-bedroom, 2-bath unit with a private patio, an appealing unit mix that attracts a wide range of tenants. Each residence offers comfortable living space, while the property includes an on-site laundry facility and convenient parking for residents. Recent improvements provide a strong foundation for ownership, including fresh paint, a newly repaved parking area, and updated windows and patio doors. These upgrades help reduce near-term capital expenses while presenting a clean, refreshed environment ready for new tenants. Location is a key driver of this investment. The property sits just minutes from the Arizona State Route 51, providing quick connectivity to major employment centers across the Valley, including Downtown Phoenix and Scottsdale. Tenants also benefit from proximity to education, recreation, and everyday conveniences, including Paradise Valley Community College and the nearby green space at Paradise Valley Park. With strong rental demand throughout North Phoenix and a location that offers both accessibility and neighborhood amenities, this property presents an exceptional opportunity for an investor to stabilize the asset quickly and capture long-term income potential in a well-established rental market.

## Location

- **Address:** 17859 N 40TH Street, Phoenix, AZ 85032
- **County:** Maricopa
- **Coordinates:** 33.650213, -111.9958
- **Google Maps:** https://www.google.com/maps?q=33.650213,-111.9958

## Listing Agent

- **Name:** Cariste Blase Harlan
- **Brokerage:** Compass
- **Phone:** 4087814929
- **Email:** caristeharlan@gmail.com

## Primary Photo

![17859 N 40TH Street - Primary Photo](http://lh.rdcpix.com/d25efc7465263f0923863c041b961687l-f3400486605r.jpg)

*72 total photos available on [listing page](https://www.propertysimple.com/listing/17859-n-40th-street-phoenix-az-85032-6998148)*

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**MLS#:** 6998148 | **Updated:** 2026-04-29
**Source:** listhub

*Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/17859-n-40th-street-phoenix-az-85032-6998148)

---

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