5038 N 18TH Avenue, Phoenix AZ 85015
$570,000
Brokerage: Ivy Realty(623) 299-4954
1 / 40Home facts
- Price
- $570,000
- Status
- Active
- Beds
- 9
- Baths
- 3
- Year built
- 1984
- Type
- F
- Pool
- No
- Water
- Master Meter, City Franchise
- Sewer
- Sewer - Public
- Subdivision
- NILE TRACT BLOCK 1
- MLS #
- 7090472
Listed by Gerchick Real Estate · 602-688-9279
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
Remodeled 3-unit PadSplit investment near Valley Metro Rail at 19th Ave/Camelback. Two buildings total approximately 2,276 SF and are configured as nine furnished rentable rooms across three 3BR/1BA units. Seller reports $120,000+ in improvements, including updated kitchens, baths, flooring, windows, plumbing, electrical, lighting, coded entry and full-size laundry. At $205 per room weekly, underwriting projects $95,202 GPI, $52,820 NOI and a 7.56% cap at the $699,000 asking price after 7% vacancy. Furnishings convey as-is. Buyer to verify all facts, figures, PadSplit operations, permits and compliance.
Features
Roof
Composition
Sewer
Sewer - Public
Cooling
Ceiling Fan(s), See Remarks, Electric, Heat Pump, Individual
Heating
Forced Air, Individual, Heat Pump, Electric, Natural Gas
Electric
SRP, Individual Meter
Flooring
Vinyl
WaterSource
Master Meter, City Franchise
ParkingFeatures
Off Street, Free, Add'l Parking Avail, >1 Space Per Unit, On Street
CommunityFeatures
No Pool
ConstructionMaterials
Board & Batten Siding, Painted, Brick
Map
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 5220 N 21st Avenue | Oct 1, 2026 | $360,000 | 3/2 | — | Real Broker |
| 4737 N 14TH Avenue | Sep 30, 2026 | $500,000 | 3/2 | — | Compass |
| 1203 W ORANGE Drive | Sep 29, 2026 | $465,000 | 3/2 | — | AZArchitecture/Jarson & Jarson |
| 5216 N 16th Lane | Sep 28, 2026 | $410,000 | 3/3 | — | Arizona International Real Estate |
| 4416 N 22ND Drive | Sep 28, 2026 | $438,000 | 4/3 | — | Epique Realty |
| 4502 N 17th Drive | Sep 13, 2026 | $470,500 | 4/2 | — | The Brokery |
Source: ARMLS IDX via Ivy Realty, updated Oct 7, 11:17 AM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).