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Sandra Baldwin

Realtor - Co-Founder at Launch Real Estate

  • Office (602) 397-4300
Questions?

3139 N 40th Street, Phoenix, AZ – $2,600,000

  • $2.6M Price
  • $2.6M Price

3139 N 40th Street

Rare investment opportunity in Arcadia Lite! Flexible 5-unit residential compound ideal for residential assisted living, adult care, sober living, transitional housing, or premium rental income with high ROI! Nearly ½-acre property w/ 3BR/2BA single-family+ 4-plex w/ 1BR/1BA units, each w/ private yard! Excellent setup for assisted living or adult care model w/ multiple living spaces & inviting amenities for high quality of life. True turnkey asset w/ full cosmetic remodel in 2022. Low operating expenses & no major capital outlay required to create immediate revenue opportunity. Desirable outdoor living w/ pool, hot tubs, bocce ball and lots of green space. Block wall perimeter with controlled access for privacy & security. Expanded income options w/ minimal modifications too! remodel completed in 2022 makes this a true turnkey asset, reducing near-term capital expenses and positioning the property for immediate operation. The grounds are designed for lifestyle and engagementan important value driver for both premium rentals and care-related housingfeaturing putt-putt golf and bocce ball. A private pool is secured and closed off exclusively to the main home, adding an additional amenity layer and operational flexibility. Block walls around the perimeter provide exceptional privacy and a secure, enclosed environmentideal for resident comfort, quiet enjoyment, and controlled access.

Essential Information

  • MLS® #6979920
  • Price$2,600,000
  • Year Built1955
  • TypeMultiple Dwellings
  • StatusActive

Community Information

  • Address3139 N 40th Street
  • SubdivisionPALO ALTO PARK
  • CityPhoenix
  • CountyMaricopa
  • StateAZ
  • Zip Code85018

Amenities

  • AmenitiesOther, See Remarks, Pool
  • Parking Spaces11
  • Parking<1 Space Per Unit
  • Has PoolYes

Interior

  • HeatingElectric
  • CoolingElectric

Appliances

Built-In Range, Refrigerator, Washer/Dryer

Exterior

  • RoofComposition, Tile, Foam

Construction

Brick Veneer, Painted, Adobe, Block

School Information

District

Phoenix Union High School District

Additional Information

  • ZoningR-3

Listing Details

  • OfficeeXp Realty
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eXp Realty.

Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Launch Real Estate LLC. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on February 23rd, 2026 at 7:44pm MST.