$9,143 Closing Credit¹
#6813467, Jaclyn Richards, Meagan Brewer, Listing Office: Barrett Real Estate
#6865522·
Listing office: Better Homes & Gardens Real Estate SJ Fowler·
Listing agent: James C Stephens·
Listing office phone: 480-649-3536
$899,000 List price
18227 N 40th Pl Phoenix, AZ 85032
$10,000
Closing credit¹
House
Property details
About 18227 N 40th Pl
Rare offering in a quiet North Central PHX neighborhood. Very hard to find $225/SF. Minutes to Paradise Valley Village, Desert Ridge & Scottsdale. No HOA. Huge units! Three 2 bed/1 bath units (950 sf /-) paired with a 3 bed/2 bath unit (1150 sf /-). 4000 total sf. 11,975 sf lot. R-3 zoning. 20 year local owner has self-managed. Rents are very low at $1000/$850/$850 (2 bed units) & $1450 (3 bed unit). $49,800/yr +$1200 seller-owned w/d units/late/pet/misc = $51,000 gross/yr. 5 CAP +/-. $1500/unit or more rents are viable. 100% occupied with all month-to-month leases. All long-term tenants with no recent rent increases. This complex has great bones with some upgrades. Two units had kitchen/bath/lighting/painting upgrades in 2022. Newer HVAC/WH in 1 unit. Value-add opportunity.
Highlights
Home typeOther
HeatingOther, Heat Pump, Electric
StatusActive
CoolingElectric, Heat Pump, Other
Year built1980
ParkingFree, Assigned, >1 Space Per Unit
MLS #6865522
Summary
- Flooring Type: Other, Ceramic Tile, Vinyl
- Parking: Free, Assigned, >1 Space Per Unit
- Heating: Other, Heat Pump, Electric
- Cooling: Electric, Heat Pump, Other
- List Price: $899,000
- Annual Tax Amount: $1,758
- Tax Year: 2024
- Directions: 1/2 mile east of the 51 and just south of Union Hills Dr.
- Year Built: 1980
- MLS Number: 6865522
- MLS Name: Arizona Regional Multiple Listing Service 2
- Office Name: Better Homes & Gardens Real Estate SJ Fowler
- Office Phone: (480) 649-3536
- Listing Agent: James C Stephens
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: 6/1/2025, 12:55:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$899,000
18227 N 40th Pl
$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 |
|---|---|---|
| Sep 15, 2005 | Home Sold | $450,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $84,270 | $1,758 |
| 2023 | $57,820 | $1,741 |
| 2022 | $45,270 | $1,746 |
| 2020 | $40,180 | $1,692 |
| 2019 | $31,950 | $1,639 |
History based on county public records data.
Nearby schools
9
Quail Run Elementary School
Public District KG-6
1.1 mi
•3303 E Utopia Rd
6
Whispering Wind Academy
Public District PK-6
1.5 mi
•15844 N 43rd St
3
Campo Bello Elementary School
Public District KG-6
1.8 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 $52,465. Most Phoenix, AZ residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
36%
<35k
39%
35k-100k
24%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
53%
Single, No Kids
10%
Single, with Kids
23%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
20%
18-34 yrs old
42%
35-64 yrs old
19%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Tennis
Where do the neighbors shop?
IKEA
Banana Republic
Crate & Barrel
Where do the neighbors go to eat?
Quiznos
Jack In The Box
Starbucks
What do the neighbors drive?
Lexus
Toyota
BMW
What do the neighbors listen to?
Soft Adult Contemporary
Jazz
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 18227 N 40th Pl
The listing price of 18227 N 40th Pl property is $899,000.
The property 18227 N 40th Pl is a house located in Phoenix, Arizona, 85032.
Active Listing: 18227 N 40th Pl is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 18227 N 40th Pl 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), Explorer Middle School (GreatSchools Rating 8/10), Sunrise Middle School (GreatSchools Rating 5/10), Aaec - Paradise Valley (GreatSchools Rating 9/10), Paradise Valley High School (GreatSchools Rating 4/10), Pinnacle High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $1,758 (source: MLS/based on county public records data).
The last sale was on September 15, 2005 for $450,000 (source: MLS/tax record).
The property at 18227 N 40th Pl has 0 bathroom.
The year of construction for 18227 N 40th Pl is 1980.
This home is located at 18227 N 40th Pl in Phoenix, AZ and zip code 85032 in the Paradise Valley Village neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 13, 2025 and is currently priced at $899,000.
While more than 217 listings in Phoenix, AZ in April 2025 were sold above asking price, there were more than 405 listings sold at asking price, and more than 786 were sold below. The number of homes for sale in Phoenix, AZ increased by 5.8% between March and April 2025. The median list price of listings available in April 2025 was $457,998, while the average time on the real estate market was 67 days.
From Rocket Homes Real Estate and based on county public records data.