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3139 N 40TH Street
Phoenix AZ 85018 US

$2,600,000

Active Listing ID 6979920
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$2,600,000

Active Listing ID 6979920
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3139 N 40TH Street 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.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Electric
  • Floor Covering: Tile - Ceramic
  • Roof Type: Foam, Tile, Composition
  • Heating Fuels: Electric (Heating)
  • Additional Features
  • Pool

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2600000
  • unparsedaddress: 3139 N 40TH Street
  • postalcity: Phoenix
  • stateorprovince: AZ
  • country: US
  • postalcode: 85018
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 33.486071
  • longitude: -111.995086
  • listagentfullname: Erik Kelly
  • listagentemail: ek@eksells.com
  • listagentkey: 3yd-ARMLSAZ-ek054
  • listagentmlsid: ek054
  • listagentpreferredphone: 4802296699
  • listagentofficephone: 4803826444
  • listofficekey: 3yd-ARMLSAZ-xpre07
  • listofficemlsid: xpre07
  • disclaimer: 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.
  • sourcesystemid: ARMLSAZ
  • yearbuilt: 1955
  • listingcontractdate: 2026-02-03
  • listagenturl: http://www.eksells.com
  • countyorparish: Maricopa
  • parcelnumber: 127-15-048
  • elementaryschooldistrict: Phoenix Elementary District
  • middleorjuniorschooldistrict: Phoenix Union High School District
  • highschooldistrict: Phoenix Union High School District
  • appliances: Built-In Range, Refrigerator, Washer/Dryer
  • cooling: Electric
  • constructionmaterials: Brick Veneer, Painted, Adobe, Block
  • flooring: Tile - Ceramic
  • heating: Electric (Heating)
  • numberofunitstotal: 5
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Foam, Tile, Composition
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: True
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -111.99509, 33.486073
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"ek@eksells.com", "ListBrokerageCity":"Peoria", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Listhub@exprealty.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/ARMLSAZ/88c970d16d7e11e881200242ac110005/20210113213637864.png", "ListBrokerageName":"eXp Realty, LLC", "ListBrokeragePhone":"(602) 525-3224", "ListBrokeragePostalCode":"85382", "ListBrokerageStateOrProvince":"AZ", "ListBrokerageUnitNumber":"#200", "ListBrokerageUnparsedAddress":"16165 N. 83rd Ave.", "ListBrokerageWebsiteUrl":"https://www.exprealty.com", "ListOfficeAddress1":"6991 E Camelback Rd Suite D-300", "ListOfficeAddress2":"#200", "ListOfficeBrokerMlsId":"xpre07", "ListOfficeCity":"Scottsdale", "ListOfficeCountry":"USA", "ListOfficeEmail":"az.broker@exprealty.net", "ListOfficePostalCode":"85251", "ListOfficeStateOrProvince":"AZ", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Phoenix, AZ", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/3209-N-40th-St_Phoenix_AZ_85018_M25286-64191?f=listhub&s=ARMLSAZ&m=6979920&c=rexren", "MLSModificationTimestamp":"2026-02-05 23:48:39", "Neighborhoods":[{"Description":null, "Name":"PALO ALTO PARK"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2239, "TaxDescription":"LOT 10 PALO ALTO PARK MCR 004431", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/6/2026 12:12:21 AM GMT
Source Updated Date: 2/14/2026 6:53:47 PM GMT

Courtesy of: Erik Kelly, eXp Realty, ek@eksells.com

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.