About 3139 N 40th Street
On nearly a half-acre in Arcadia Lite, this property has a 3 bed & 2 bath single family house and a four plex. Each unit of the four plex is a full 1 bed & 1 bath with private backyard areas. This property is the perfect opportunity for a long-term rental, short-term rental, sober living, residential assisted living, etc! Full cosmetic remodel completed in 2022, this property is an investors dream. The property is equipped with a pool which is closed off to only the main house, putt-putt golf, and bocce ball. Block walls around the perimeter of the house give full privacy. Property had a 2 year tenant paying $24K/mo and averaged $28K/mo in January, February and March of 2025. Financials for the property are available in the Documents Tab of this listing.
Features of 3139 N 40th Street
| MLS® # | 6874576 |
|---|---|
| Price | $2,599,000 |
| Acres | 0.00 |
| Year Built | 1955 |
| Type | Multiple Dwellings |
| Status | Active |
Community Information
| Address | 3139 N 40th Street |
|---|---|
| Subdivision | PALO ALTO PARK |
| City | Phoenix |
| County | Maricopa |
| State | AZ |
| Zip Code | 85018 |
Amenities
| Amenities / Community Features | Other, See Remarks, Play Area, Heated Pool(s), Pool |
|---|---|
| Parking Spaces | 14 |
| Parking | <1 Space Per Unit |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer, W/D Hookup |
|---|---|
| Heating | Natural Gas |
| Cooling | Electric |
| Fireplace | No |
Exterior
| Roof | Composition, Tile, Foam |
|---|---|
| Construction | Brick Veneer, Painted, Adobe, Block |
School Information
| District | Scottsdale Unified District |
|---|---|
| Elementary | Tavan Elementary School |
| Middle | Ingleside Middle School |
| High | Arcadia High School |
Additional Information
| Zoning | R-3 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Gentry Real Estate |
|---|