5040 N 40th Ave

Phoenix AZ 85019

924 sq. ft.

1638 sq. ft.

Townhouse

Last sold for $135,000

Awni Abbas, last sold this property on 16 October 2026 after 1352 days on market.

Overview

WOW! Investor Opportunity! Tenant occupied with immediate rental income and potential to increase rents! This Phoenix 2BR/1BA townhome is a premium corner unit featuring tile flooring on the lower level, fresh interior paint, new vinyl flooring, and spacious oversized bedrooms. The updated kitchen offers new cabinets and new granite countertops, included appliances, and a seamless flow into the expansive living room. Additional features include washer/dryer hookups, generous storage, and a secure private courtyard/ pergola patio! Enjoy community walking paths, close to Grand Canyon University, shopping, restaurants, entertainment, and a convenient location with easy access to I-10 and I-17. Great investment opportunity or affordable Phoenix townhome available now!

Features

2 bedrooms

1 bathroom

2 carspaces

2 open car spaces

924 sq. ft. floor area

1638 sq. ft. lot size

Townhouse

Estimated Value

Based on this property and similar 2 bedroom townhouses sold in Phoenix over the last 12 months, the estimated median property value of 5040 N 40th Ave is $162.5k.

Median value

$162.5k

Estimated value range

$135k - $260k

Median days on market

Estimated value trend

-21%

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 5040 N 40th Ave

2026

Sold

$135,000

16 Oct 2026 by Awni Abbas, of HomeSmart

Happy sellers in Phoenix

We have insufficient information to provide an overview of customer satisfaction for Phoenix. Viewing the agent profiles, reviews and sales for Phoenix can provide insights for this location.