17859 N 40th St
Description
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...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.
Listing Agent
![Cariste Harlan]()
cariste.harlan@compass.comP: (408)-781-4929
Property Details for 17859 North 40th Street
Property Details for 17859 North 40th Street
| Status | Active |
|---|---|
| MLS # | 6998148 |
| Days on Market | 1 |
| Taxes | $1,863 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multiple Dwellings |
| Year Built | 1981 |
| Lot Size | - |
| County | Maricopa County |
Location
Building Information for 17859 North 40th Street
Payment Calculator
$4,421 per month
30 year fixed, 6.11% Interest
$4,266
$155
$0
Know your buying power with a preapproval and custom rate in minutes
1Property Information for 17859 North 40th Street
- Unparsed Address: 17859 N 40TH Street, Phoenix, AZ 85032
- City: Phoenix
- Coordinates: -111.9958, 33.650213
- Country: US
- County Or Parish: Maricopa
- Cross Street: Union Hills & 40th St.
- Latitude: 33.650213
- Longitude: -111.9958
- Postal City: Phoenix
- Postal Code: 85032
- Postal Code Plus4: 1760
- State Or Province: AZ
- Street Suffix: Street
- Year Built: 1,981
- Tax Annual Amount: $1,863.00
- Tax Book Number: 215.00
- Tax Legal Description: PT LOT 2 DAF BEG SW COR LOT 2 TH N ALG W LN 778.5 OF TH E 55F TPOB TH CONT E 152.05F TH N 84.23F T H
- Tax Lot: 2
- Tax Parcel Letter: S
- Tax Year: 2,025
- Covered Spaces: 4
- Garage YN: No
- Open Parking Spaces: 4
- Open Parking YN: Yes
- Parking Features: Paved, >1 Space Per Unit, Carport
- Parking Total: 8
- Elementary School District: Paradise Valley Unified District
- High School District: Paradise Valley Unified District
- Building Area Units: Square Feet
- Living Area Units: Square Feet
- Lot Size Dimensions: IRR
- Disclosures: Seller Prop Disc Stm
- Documents Change Timestamp: 03-13-2026 08:29:21 PM
- Documents Count: 0
- Ownership: Fee Simple
- Parcel Number: 21516063S
- Property Type: Multiple Dwellings
- Public Survey Range: 4E
- Public Survey Section: 31
- Public Survey Township: 4N
- Road Surface Type: Asphalt
- Electric: APS, Individual Meter
- Electric On Property YN: Yes
- Sewer: Public Sewer
- Trash Expense: $.00
- Water Source: City Franchise
- Community Features: No Pool
- Construction Materials: Wood Frame, Painted, Stucco
- Number Of Buildings: 1
- Number Of Units Total: 4
- Roof: Composition
- Bathrooms Total Integer: 0
- Cooling: Ceiling Fan(s), Electric
- Cooling YN: Yes
- Flooring: Tile, Laminate
- Heating: Electric
- Heating YN: Yes
- Fuel Expense: $.00
- Gross Income: $.00
- Gross Scheduled Income: $.00
- Net Operating Income: $.00
- Operating Expense: $1,863.00
- Other Expense: $.00
- Professional Management Expense: $.00
Property History for 17859 North 40th Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Mar 17, 2026 | Listed (Active) ARMLS #6998148 | $879,000 | — |
| Jul 19, 2006 | Sold ARMLS #2511810 | $445,700 | — |
| Jun 15, 2006 | Sold (Public Record) Public Record #200386007 | $445,700 | — |
| Jun 12, 2006 | Pending ARMLS #2511810 | — | |
| Apr 14, 2006 | Listed (Active) ARMLS #2511810 | $459,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 03/17/2026 | Listed (Active) ARMLS #6998148 | $879,000 |
| 07/19/2006 | Sold ARMLS #2511810 | $445,700 |
| 06/15/2006 | Sold (Public Record) Public Record #200386007 | $445,700 |
| 06/12/2006 | Pending ARMLS #2511810 | — |
| 04/14/2006 | Listed (Active) ARMLS #2511810 | $459,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 17859 North 40th Street
Schools near 17859 North 40th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 5 to 8 | |||
| Public - | 7 to 12 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Whispering Wind Academy PublicPK to 6 | ||
Sunrise Middle School Public5 to 8 | ||
Paradise Valley High School Public7 to 12 | ||
PVOnline PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Explore Nearby Homes
- Anasazi Village Condominiums Homes for Sale
- Cavalier Estates Homes for Sale
- Clearview Homes for Sale
- Discovery at Tatum Place West Homes for Sale
- Greenway Manor Homes for Sale
- Las Haciendas de Paradise Village Homes for Sale
- Mountain Springs Terrace Condominiums Homes for Sale
- North Phoenix Homes for Sale
- Palm Lakes Village Homes for Sale
- Paradise Park Condominiums Homes for Sale
- Paradise Point Condominiums Homes for Sale
- Paradise Valley Manor Homes for Sale
- Paradise Valley Oasis Homes for Sale
- Paradise Valley Village Homes for Sale
- Parque Vista Estates Homes for Sale
- Phoenix Homes for Sale
- Paradise Valley Homes for Sale
- Scottsdale Homes for Sale
- Glendale Homes for Sale
- Cave Creek Homes for Sale
- Tempe Homes for Sale
- Palo Verde Homes for Sale
- Peoria Homes for Sale
- New River Homes for Sale
- Carefree Homes for Sale
- Fountain Hills Homes for Sale
- Mesa Homes for Sale
- Rio Verde Homes for Sale
- Sun City Homes for Sale
- Laveen Homes for Sale
- 85050 Homes for Sale
- 85028 Homes for Sale
- 85254 Homes for Sale
- 85022 Homes for Sale
- 85024 Homes for Sale
- 85020 Homes for Sale
- 85054 Homes for Sale
- 85253 Homes for Sale
- 85255 Homes for Sale
- 85029 Homes for Sale
- 85027 Homes for Sale
- 85023 Homes for Sale
- 85021 Homes for Sale
- 85018 Homes for Sale
- 85260 Homes for Sale
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2026 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
