10831 N 18TH Avenue, Phoenix, AZ 85029 (MLS# 6994365)

$487,500

10831 N 18TH Avenue
Phoenix, AZ 85029
MLS# 6994365
Status: Closed

1 / 32

Property Description
Exceptional investment opportunity! Well-maintained multi-family triplex, with beautiful mountain views. Stable, long term renters, one has lived there 11 years, the other over 8 years! Each of the three units offers a thoughtfully designed interior boasting 2-bedrooms and 1-bathroom. Every unit has an equipped kitchen ready for everyday cooking, along with a spacious living room that provides plenty of room to relax or entertain. The bathrooms feature convenient tub/shower combos for practicality and comfort! Each residence enjoys its own private back patio. The common patio area is fully fenced, adding security for tenants. This triplex presents a fantastic opportunity for investors or owner-occupants! Seize this opportunity!

Details

Maps

Contract Info

Ownership: Fee Simple

Current Price: $487,500

Sold Price: $487,500

Status: Closed

List Date: 2026-03-06

Location, Tax & Legal

Assessor's Map #: 13

Legal Description (Abbrev): DESERT COVE EXTENSION LOT 6 N 62F OF S 186F OF W2 EX W 25F RD

Assessor's Parcel #: 16

Assessor Parcel Ltr: E

Add'l Parcels: No

Tax Municipality: Phoenix

Census Tract: 103615

Taxes: 1193

Legal: DESERT COVE EXTENSION LOT 6 N 62F OF S 186F OF W2 EX W 25F RD

Marketing Name: Phx triplex

House Number: 10831

Compass: N

Street Name: 18TH

St Suffix: Avenue

City/Town Code: Phoenix

State/Province: AZ

Zip Code: 85029

Zip4: 5798

County Code: Maricopa

Subdivision: DESERT COVE EXTENSION LOTS 5-12 21 24-28

Assessor Number: 159-13-016-E

Tax Year: 2025

General Property Description

# of Buildings: 1

Uncvrd Parking Spcs: 6

Lot Size Dimensions: 62 x 130.67

Total # of Units: 3

Elementary School District: Washington Elementary School District

High School District: Glendale Union High School District

Elementary School: Shaw Butte School

Jr. High School: Royal Palm Middle School

High School: Sunnyslope High School

Year Built: 1971

Zoning: R-3

Legal Info

Range: 3E

Section: 19

Township: 3N

Lot Number: 6

Project Type

Tri-Plex: 1

Construction

Block: 1

Const - Finish

Painted: 1

Roofing

Composition: 1

Floors

Laminate: 1

Ceramic Tile: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Elec Exp: 0

Annual Gas Exp: 0

Annual Ins Exp: 0

Annual Land Lse Exp: 0

Annual Landscape Exp: 0

Annual Legal & Acctg: 0

Annual Maint Exp: 0

Annual Mgmt Exp: 0

Annual Trash Exp: 0

Annual Wtr/Swr Exp: 0

Owner Association: No

Annual Ownr Asoc Fee: 0

Annual PAD Fee: 0

Annual Rplcmnt Rsrvs: 0

Annual Other Expense: 0

Operating Exp: 1193

Other Income: 0

Vacancy Allowance: 0.05

Adjusted Gross Inc: 34165.8

Pmt & Rate Info

Cap Rate: 5.24

Down Payment: 0

Equity: 480000

Down Payment %: 0

Monthly Payments: 0

Total Owed: 0

Assessment Balance: 0

Showing Notification Methods

Showing Service: Aligned Showings

Text: 1

Email: 1

Phone Call: 1

Lockbox Type

Other: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Electric: 1

Exterior Amenities

Fenced: 1

Interior Features

Unfurnished: 1

Tenant Pays

Electricity: 1

Appliances Included

Disposal: 1

Refrigerator: 1

Built-In Range: 1

Road Access Type

City Street: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Unknown: 1

Road Responsibility

City Maintained Road: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Free: 1

Electric

APS: 1

Gas

None: 1

Owner Pays

Water: 1

Sewer: 1

New Financing

Cash: 1

VA: 1

Conventional: 1

Existing 1st Loan

Treat as Free&Clear: 1

Existing 1st Loan Type

Not Applicable: 1

Existing 1st Loan Terms

Not Applicable: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 3

Avg Rent: 999

# Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: Conventional

Loan Years: 30

Closing Cost Split: Seller Assist - A

Payment Type: Fixed

Buyer Concession to Seller: 0

Buyer Concession $/%: %

Seller Concession to Buyer: 3

Seller Concession $/%: %

Remarks Misc

Cross Street: Peoria Ave & 19th Ave

Directions: Head north onto 19th Ave, Turn right onto W Desert Cove Ave, Turn right onto N 18th Ave. Property will be on the left.

Geo Lat: 33.585231

Geo Lon: -112.097279

Status Change Info

Off Market Date: 2026-03-31

Under Contract Date: 2026-03-12

Close of Escrow Date: 2026-04-09

Sold Price: $487,500

Income Expenses

Gross Annual Sch Inc: 35964

Net Operating Income: 25174

Property Features

Project Type: Tri-Plex

Construction: Block

Const - Finish: Painted

Roofing: Composition

Floors: Laminate; Ceramic Tile

Sale Includes: Land & Building

Community Features: No Pool

Exterior Amenities: Fenced

Interior Features: Unfurnished

Appliances Included: Built-In Range; Refrigerator; Disposal

Cooling: Electric

Water Source: City Franchise

Sewer: Sewer - Public

Electric: APS

Gas: None

Parking Features: Free

Road Access Type: City Street

Road Surface Type: Asphalt

Road Responsibility: City Maintained Road

Owner Pays: Water

Tenant Pays: Electricity

Source of Fincl Data: Unknown

Showing Notification Methods: Text; Email; Phone Call

Lockbox Type: Other

Existing 1st Loan: Treat as Free&Clear

Existing 1st Loan Type: Not Applicable

Existing 1st Loan Terms: Not Applicable

New Financing: Cash; VA; Conventional

Environmental: None

Listing Office: Rosenbaum Realty Group

Last Updated: April - 16 - 2026