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$465,000

2625 N 40th Dr Phoenix, AZ 85009

5 beds
3 baths
1,700 sqft
0.1 acres
$274 / sqft
House

Property details

About 2625 N 40th Dr

This property offers incredible versatility with a main home and two additional units, all featuring private entrances. Perfect for investors looking for maximum rental income. This property has been thoughtfully designed and remodeled with quality and longevity in mind. From new appliances and modern finishes to structural upgrades like plumbing and electrical systems, every detail has been done right. KEY UPGRADES: *New upgraded 200-amp electrical panel with each unit on its own circuit. Key Upgrades Continued: * Newer roof * Newer AC Unit * Low E Dual Pane Windows in some units. * Shared laundry for tenant convenience * New mini-split in Unit 3 for comfort * Termite treatment completed with a 1-year warranty * New concrete pathways and driveway, providing additional parking * Freshly painted throughout Main House Features: * 3 Bedrooms, 1 Bathroom * Completely remodeled with updated kitchen, bathroom, and living spaces Unit 2 & Unit 3 Features: * 1 Bedroom, 1 Bathroom each * Fully equipped kitchens with brand-new appliances. * Private entrances for enhanced privacy Located in a popular area, this rare property offers exceptional potential for buyers looking for a multi-family option or investors ready to maximize rental income. Don't miss this incredible opportunity!

Highlights

Home typeSingle Family Residence
HeatingNatural Gas
StatusActive
CoolingCentral Air, Ceiling Fan(s), Zoned
Size1,700 sqft
Lot size0.15 Acres
Year built1959
ParkingRV Gate
MLS #6863423

Summary

  • Flooring Type: Tile
  • Interior: High Speed Internet, Granite Counters, Full Bth Master Bdrm
  • Fireplace: None
  • Total Bedroom Count: 5
  • Parking: RV Gate
  • Architectural Style: Ranch
  • Heating: Natural Gas
  • Cooling: Central Air, Ceiling Fan(s), Zoned
  • List Price: $465,000
  • Price/SqFt: $273
  • Annual Tax Amount: $1,715
  • Tax Year: 2024
  • Year Built: 1959
  • Stories: 1
  • Living Area: 1,700 SqFt
  • Lot Size: 0.15 Acres
  • MLS Number: 6863423
  • MLS Name: Arizona Regional Multiple Listing Service 2
  • Office Name: HomeSmart
  • Office Phone: (602) 230-7600
  • Office Email: rlarue@hsmove.com
  • Listing Agent: Elessa Freelingos

IDX 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: 7/9/2025, 7:46:23 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Aug 30, 2024
Home Sold
$268,000
Aug 30, 2024
Home Sold
$265,000
Jun 26, 2015
Home Sold
$100,000
Jun 21, 2013
Home Sold
$50,000
Jun 13, 2013
Home Sold
$24,500

Tax history

YearAssessmentProperty Tax
2024$25,830$1,715
2023$21,170$1,636
2022$16,800$1,631
2020$12,170$1,601
2019$11,130$567
2017$6,510$498

History based on county public records data.

Nearby schools

2

P. T. Coe Elementary School

Public District KG-5

0.2 mi

3801 W Roanoke Ave

2

Mitchell Elementary School

Public District KG-5

0.7 mi

1700 N 41st Ave

2

Joseph Zito Elementary School

Public District KG-5

0.7 mi

4525 W Encanto Blvd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $36,083. The majority of Phoenix, AZ residents have income less than $<35k annually. The majority of families are married, with kids. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

49%
<35k
41%
35k-100k
9%
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?

23%
Single, No Kids
25%
Single, with Kids
18%
Married, No Kids
34%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

24%
<11 yrs old
12%
12-17 yrs old
26%
18-34 yrs old
30%
35-64 yrs old
8%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • Ross Dress For LessRoss Dress For Less
  • Foot LockerFoot Locker
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Jack In The BoxJack In The Box
  • Little CaesarsLittle Caesars
  • White CastleWhite Castle

What do the neighbors drive?

  • NissanNissan
  • DodgeDodge
  • KiaKia

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

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Frequently asked questions

About 2625 N 40th Dr

The listing price of 2625 N 40th Dr property is $465,000.

The property 2625 N 40th Dr is a house located in Phoenix, Arizona, 85009.

Active Listing: 2625 N 40th Dr is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 2625 N 40th Dr are: P. T. Coe Elementary School (GreatSchools Rating 2/10), Mitchell Elementary School (GreatSchools Rating 2/10), Joseph Zito Elementary School (GreatSchools Rating 2/10), Madrid Neighborhood School (GreatSchools Rating 2/10), Pueblo Del Sol Elementary School (GreatSchools Rating 2/10), Academy of Mathematics and Science South (GreatSchools Rating 4/10), West Phoenix High School (GreatSchools Rating 2/10), Think Through Academy (GreatSchools Rating 4/10), Arizona Collegiate High School (GreatSchools Rating 4/10).

According to the records, the last property tax for 2024 is $1,715 (source: MLS/based on county public records data).

The last sale was on August 30, 2024 for $268,000 (source: MLS/tax record).

The property at 2625 N 40th Dr has 5 bedrooms and 3 bathrooms.

The property 2625 N 40th Dr is 1,700 SqFt (source: MLS/tax record).

The year of construction for 2625 N 40th Dr is 1959.

This home is located at 2625 N 40th Dr in Phoenix, AZ and zip code 85009 in the Encanto Village neighborhood. This 1,700 square foot home, which was built in 1959, sits on a 0.15 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 9, 2025 and is currently priced at $465,000.

Phoenix, AZ housing market in June 2025 saw over 188 listings sold above listed price, more than 341 sold at listed price and over 788 sold below. The inventory of homes for sale in Phoenix, AZ between May and June 2025 decreased by 0.2%. In June 2025, listings were on the market for 67 days. During the same period, the median list price in this real estate market was $460,087.

From Rocket Homes Real Estate and based on county public records data.

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