# 3139 N 40TH Street, Phoenix, AZ 85018

> **TL;DR:** residential multi family, $2,600,000, built 1955.
> Pool, A/C. Est. $11,267/mo. Listed 66 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,600,000 |
| Year Built | 1955 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 66 |

## Why This Home Stands Out

- **Pool** - Private pool

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $11,267 |
| **Total** | **$11,267** |

## Key Amenities

- Pool
- A/C

## Property Highlights

- Built in 1955
- Private pool

## Description

### Agent 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 1/2-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

- **Address:** 3139 N 40TH Street, Phoenix, AZ 85018
- **County:** Maricopa
- **Neighborhood:** PALO ALTO PARK
- **Coordinates:** 33.486071, -111.995086
- **Google Maps:** https://www.google.com/maps?q=33.486071,-111.995086

## Listing Agent

- **Name:** Erik Kelly
- **Brokerage:** eXp Realty
- **Phone:** 4802296699
- **Email:** ek@eksells.com

## Primary Photo

![3139 N 40TH Street - Primary Photo](http://lh.rdcpix.com/7cbd68792eaac8d376701e75b810c9dal-f3860993673r.jpg)

*16 total photos available on [listing page](https://www.propertysimple.com/listing/3139-n-40th-street-phoenix-az-85018-6979920)*

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**MLS#:** 6979920 | **Updated:** 2026-04-28
**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/3139-n-40th-street-phoenix-az-85018-6979920)

---

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