$10,000 Closing Credit¹
#6865522, James C Stephens, Listing office: Better Homes & Gardens Real Estate SJ Fowler
#6875080·
Listing office: eXp Realty·
Listing agent: Daniel K Papin·
Listing office phone: 888-897-7821
$849,000 List price
17851 N 40th St Phoenix, AZ 85032
$10,000
Closing credit¹
House
Property details
About 17851 N 40th St
Turnkey cash-flowing opportunity in the highly desirable Paradise Valley/Phoenix corridor! This well-maintained 4-unit garden-style complex features all 2 bed / 1 bath units with solid tenant demand and upside potential. Grossing $6,500 a month. Situated in the thriving 85032 ZIP code, close to major freeways, shopping, and the Paradise Valley Mall redevelopment. Whether you're a seasoned investor or new to multifamily, this 8.25% cap rate property delivers immediate returns in one of Phoenix's most active rental markets. Looking for steady income and long-term appreciation? This is the one.
Highlights
Home typeOther
HeatingElectric
StatusActive
CoolingCentral Air, Ceiling Fan(s)
Year built1981
ParkingPaved, Carport
MLS #6875080
Summary
- Flooring Type: Ceramic Tile, Vinyl
- Parking: Paved, Carport
- Heating: Electric
- Cooling: Central Air, Ceiling Fan(s)
- List Price: $849,000
- Annual Tax Amount: $1,779
- Tax Year: 2024
- Year Built: 1981
- MLS Number: 6875080
- MLS Name: Arizona Regional Multiple Listing Service 2
- Office Name: eXp Realty
- Office Phone: (888) 897-7821
- Office Email: az.broker@exprealty.net
- Listing Agent: Daniel K Papin
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 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. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/16/2025, 10:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$849,000
17851 N 40th St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 31, 2015 | Home Sold | $260,000 |
| Aug 02, 2006 | Home Sold | $450,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $85,100 | $1,779 |
| 2023 | $58,360 | $1,761 |
| 2022 | $45,660 | $1,766 |
| 2020 | $40,650 | $1,712 |
| 2019 | $32,230 | $1,658 |
| 2017 | $26,370 | $1,589 |
History based on county public records data.
Nearby schools
9
Quail Run Elementary School
Public District KG-6
1.2 mi
•3303 E Utopia Rd
6
Whispering Wind Academy
Public District PK-6
1.3 mi
•15844 N 43rd St
3
Campo Bello Elementary School
Public District KG-6
1.7 mi
•2625 E Grovers Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $62,500. Typical income of Phoenix, AZ residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
22%
<35k
65%
35k-100k
13%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
43%
Single, No Kids
21%
Single, with Kids
20%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
9%
12-17 yrs old
27%
18-34 yrs old
39%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Popeyes
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 17851 N 40th St
The listing price of 17851 N 40th St property is $849,000.
The property 17851 N 40th St is a house located in Phoenix, Arizona, 85032.
Active Listing: 17851 N 40th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 17851 N 40th St are: Quail Run Elementary School (GreatSchools Rating 9/10), Whispering Wind Academy (GreatSchools Rating 6/10), Campo Bello Elementary School (GreatSchools Rating 3/10), Greenway Middle School (GreatSchools Rating 2/10), Sunrise Middle School (GreatSchools Rating 5/10), Explorer Middle School (GreatSchools Rating 8/10), Aaec - Paradise Valley (GreatSchools Rating 9/10), Paradise Valley High School (GreatSchools Rating 4/10), Pvonline (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $1,779 (source: MLS/based on county public records data).
The last sale was on December 31, 2015 for $260,000 (source: MLS/tax record).
The property at 17851 N 40th St has 0 bathroom.
The year of construction for 17851 N 40th St is 1981.
This home is located at 17851 N 40th St in Phoenix, AZ and zip code 85032 in the Paradise Valley Village neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 5, 2025 and is currently priced at $849,000.
In May 2025, from all listings sold in Phoenix, AZ there were more than 222 sold above asking price, over 865 sold below and more than 419 were sold right at the asked price. The inventory of homes for sale in Phoenix, AZ between April and May 2025 increased by 4%. The median list price of listings available in May 2025 was $456,920, while the average time on the real estate market was 64 days.
From Rocket Homes Real Estate and based on county public records data.