#6848828, Cristina Ortiz Penuelas, Marisol Castro, Listing office: Coldwell Banker Realty

2625 N 40th Dr Phoenix, AZ 85009
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
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
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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
Date | Event | Price |
---|---|---|
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
Year | Assessment | Property 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.
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.
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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.