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CONTACT US: Email
800-354-5664
Listing provided courtesy of Network Realty- MLS# 6917400MLS Provider

4525 N 40TH StreetPhoenix, AZ 85018

Multi-Family
$11,600,000 Active

4525 N 40TH Street Overview

Time on Site:
293 days
Visits:
4

8 brand new high end condos in the coveted Arcadia area known for great office, retail and restaurants. All 3 bed 3 bath 2 car garage Average about 2500 sq ft. Currently renting out for $5000/month-7000/month. Each unit has it's own private elevator.

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4525 N 40TH Street Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: Scottsdale Unified District

Income/Expenses

  • Fuel Expense: 2400.0
  • Gardener Expense: 6700.0
  • Gross Income: 528000.0
  • Gross Scheduled Income: 528000.0
  • Insurance Expense: 3600.0
  • Net Operating Income: 579600.0
  • Operating Expense: 96500.0
  • Water Sewer Expense: 5000.0

Building Information

  • Year Built: 2023

Location/Region

  • County Or Parish: Maricopa
  • Postal City: Phoenix
  • Subdivision Name: LUXE ON 40TH
  • Township: 2N

Community/Development

  • Community Features: No Pool

Tax Information

  • Tax Annual Amount: $44,000.00
  • Tax Year: 2022

General Information

  • Disclosures: Seller Prop Disc Stm
  • Listing Terms: Conventional
  • Ownership: Condominium
  • Parcel Number: 171-19-144
  • Property Type: Multiple Dwellings
  • Zoning: C-N

Interior

Parking Information

  • Garage: true

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Electric: SRP
  • Flooring: Ceramic Tile

Exterior

Parking Information

  • Open Parking Spaces: 5.0

Lot Information

  • Additional Parcels: true
  • Lot Size Dimensions: 180 x 120
  • Number Of Buildings: 2
  • Road Surface Type: Asphalt
  • Water Source: City Franchise

Building Exterior/Construction

  • Construction Materials: Wood Frame,Stucco
  • Roof: Foam

General Information

  • Covered Spaces: 16.0
  • Number Of Units Total: 8
  • Sewer: Public Sewer

4525 N 40TH Street Neighborhood

Community

85018 (Phoenix) Demographics

38
Median Age
3,486
Population Density (per sq. mile)
57%
College Educated
$72,032
Estimated Median Income
9,469
Estimated Total Home Owners
7,857
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4525 N 40TH Street Monthly Cost

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Matt Rivera
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4525 N 40TH Street Market Data

Based on the last 30 days in this zip code

$1,968,354
Average List Price
$730
Average Price per Square Foot
53
Properties Sold
87
Average Days on Market
306
Properties for Sale
Calculations provided by Reliance Network

4525 N 40TH Street History

Date Event Value Agent
9/9/2025Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
September 09, 2025