Off-Market Archive
No longer actively listed
Off market since October 30, 2025. Photos, details, and location data are preserved for neighborhood research and comparable analysis.
Last listed
$425,000.00
Off-Market
5038 N 18th Ave
Phoenix, AZ 85015, USA
List price
$425,000
6
beds
3
baths
2,276
sq ft
1952-01-02
built
Multi Family
Explore the location
· from aerial to streetside.
Photographs
· interior, exterior, and the details that matter.
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Interior and exterior shots welcomed — the first photo is your headline.
Photographs
Photos of the property
Story
OfferMarket Exclusive Listing
- Fully leased 3-unit investment property: house + duplex
- Property has been professionally managed
- Value-add opportunity to optimize rent: would need cosmetic finishes
- Seller has no structural or systems related deferred maintenance to report
- All units are 2 BR
- 96% 5-yr occupancy
- Month to Month Leases, Easy to Increase Rental Income
- Stained Concrete Floors in Two Units
- Washer/dryer in each unit
- Copper plumbing
- Copper electric
- Roof Redone in 2011
- Block fencing on 3 sides
- 2 new HVACs in 2011
- Separately metered
- Long term seller financing available
- Photos are from 2017-18
Deal Terms
- Must provide credit report with credit score of 700+ in order to tour property and submit qualified offer
- Property inspection will only occur with a legitimate offer by a qualified buyer
- Title work is completed (Pioneer Title, can close within a week)
Financials: Current
- Current rents:
- Unit 1: $920/month
- Unit 2: $818/month
- Unit 3: $818/month
- NOI: $22,874/year
Financials: Pro Forma with cosmetic upgrades
- Unit 1: $1,250/month
- Unit 2: $1,150/month
- Unit 3: $1,150/month
- NOI: $34,802/year
- Cap Rate: 8.28%
Taxes
- 2020: $1,486
- Land assessment: $44,100
- Improvements assessment: $176,600
Utilities
- Electric: tenants
- Water, sewer, trash: owner
Location
- Half block from Light Rail Transportation Station at 19th Ave and Camelback
- Easy Light Rail to: Christown Spectrum Mall, Christown YMCA, Solano Park
Property details
17 details the seller has shared
Property
· The bones — what the buyer sees first
Bedrooms
6
Full baths
3
Half baths
0
Finished sq ft
2,276 sq ft
Above-grade sq ft
2,276 sq ft
Year built
1952
Stories
1
Units
3
Property type
Multi Family
Occupancy
Rental Property
Condition (1–5)
3
Neighborhood
Nile Tract
County
Maricopa
Financials
· What it earns and what it costs to hold
ARV (after repair)
$500,000
Cap rate
5.44%
Monthly cash flow
$2,000 /mo
History & terms
· Past sales, updates, and deal mechanics
Year renovated
2011
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