Back 17851 N 40th St
Off Market

17851 N 40th St

Phoenix AZ 85032

8
Multi-Family
Last sold for $810,000
Daniel PapinDaniel Papin, last sold this property on 28 July 2025 after 53 days on market.

Overview

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.

Features

8 carspaces
4 open car spaces
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Phoenix over the last 12 months, the estimated median property value of 17851 N 40th St is $637.5k.

Median value
$637.5k
Estimated value range
$315k - $900k
Median days on market
106
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Phoenix. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 17851 N 40th St

2025
Sold
$810,000
28 Jul 2025 by Daniel Papin
2024
Sold
$850,000
12 Dec 2024 by Patrick O'Sullivan, of Get Multifamily
2015
Sold
$260,000
30 Dec 2015 by Janis Pelletier

Happy sellers in Phoenix

52%
52% of sellers in Phoenix reported that their sale price either exceeded or met their price expectations.

Phoenix stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Phoenix over the last 12 months.

Local market activity for multi families in Phoenix

In the last 12 months, 9 multi families similar to 17851 N 40th St, have been sold.

This represents a 150% decrease in multi families sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Phoenix

or
Skip the list and find your ideal agent to sell your propertyFind My Agent
© 2026 RateMyAgent