Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
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MLS# 6979920 – 3139 N 40th Street, Phoenix, AZ 85018

$2,600,000 - Br/Ba - for Sale in Palo Alto Park, Phoenix
Price: $2,600,000
Units: 5
Property Type: Multiple Dwellings
Status: Active
Year Built: 1955
Neighborhood: Palo Alto Park
Days on Website: 86

Courtesy of eXp Realty

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.

Open House

Property Details and Features

  • Appliances & Equipment
  • "Built-In Range"
  • "Refrigerator"
  • "Washer/Dryer"
  • Building
  • Built in 1955
  • Construction materials: "Brick Veneer", "Painted", "Adobe", "Block"
  • 5 total units
  • Cooling
  • "Electric"
  • Expenses
  • Electric: $6,992
  • Fuel: $896
  • Maintenance: $2,100
  • Water sewer: $7,434
  • Floors
  • "Ceramic Tile"
  • Heating
  • "Electric"
  • Listing
  • Listing ID: 6979920
  • Standard status: Active
  • 85 days on market
  • Location
  • Subdivision name: PALO ALTO PARK
  • Parking
  • "<1 Space Per Unit"
  • 11 total parkings
  • Property
  • Zoning: R-3
  • Roof
  • "Composition"
  • "Tile"
  • "Foam"
  • Schools
  • High school district: Phoenix Union High School District
  • Sewer
  • "Public Sewer"
  • Taxes
  • Annual amount: $2,239
  • Lot: 10
  • Utilities
  • "APS"

Property Map

$2,600,000 - 3139 N 40th Street, Phoenix, AZ 85018

Street View

Nearby Schools

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This content last updated on May 2, 2026 3:25PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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