11231 N 18TH Drive, Phoenix, AZ 85029

$599,000

Property Type: Multiple Dwellings Status: Active

Current Price: $599,000 Last Modified: 5/11/2026

Overview

Description

Nice 4-plex with great upside income potential. Mix of 2 1 bed and 2 2bed units each with separate backyard area for privacy. All 4 units currently rented with long term tenants and each are on month to month leases. Storage room partially converted to studio unit and may be able to provide additional income producing unit. Tenant occupied property, Drive by only, PLEASE DO NOT CONTACT OR DISTURB THE TENANTS REGARDING SALE OF THE PROPERTY.

Listing Details MLS# 7026645

Location, Tax & Legal

House Number: 11231
Compass: N
Street Name: 18TH
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 3715
Country: US
County Code: Maricopa
Assessor Number: 159-12-037-F
Tax Year: 2025
Assessor's Map #: 12
Legal Description (Abbrev): BEG AT SE COR NE4 NW4 LOT 3 TH W ALG N LN S2 W2 L OT 3 130.85F TO PT NON-TAN CUR CONC SELY FR WH RA
Assessor's Parcel #: 37
Assessor Parcel Ltr: F
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103615
Taxes: 1549
Legal: BEG AT SE COR NE4 NW4 LOT 3 TH W ALG N LN S2 W2 L OT 3 130.85F TO PT NON-TAN CUR CONC SELY FR WH RA
Marketing Name: Fourplex

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 12850 sf
Year Built: 1973
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: Yes
Zoning: R-3
Flood Zone: No
High School District: Glendale Union High School District

Remarks Misc

Cross Street: Peoria & 19th Ave
Directions: North on 19th Ave to Shangri La, east to 18th Drive then north to property.

Legal Info

Township: 3N
Range: 3E
Section: 19
Lot Number: -

Income Expenses

Gross Annual Sch Inc: 41400
Net Operating Income: 28281

More Information

Showing Notification Methods

Showing Service: Aligned Showings

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 825
Avg SqFt: 640
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 900
Avg SqFt: 840
# Baths: Yes

Project Type

Four Plex: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Laminate: Yes
Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Ins Exp: 3500
Annual Wtr/Swr Exp: 6000
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 11049
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 39330

Pmt & Rate Info

Cap Rate: 4.72
Equity: 599000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Other: Yes

Heating

Electric: Yes
Natural Gas: Yes

Cooling

Electric: Yes

Exterior Amenities

Patio/Balcony: Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Off Street: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
Conventional: Yes
No Carry: Yes

Special

Owner/Agent: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted; Stucco Roofing: Composition Floors: Laminate; Tile Sale Includes: Land & Building Community Features: Other Exterior Amenities: Patio/Balcony Appliances Included: Free-Standing Range; Refrigerator Heating: Natural Gas Cooling: Electric Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas Parking Features: Off Street Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Special: Owner/Agent Lockbox Type: None New Financing: Cash; Conventional; No Carry Environmental: None

Listing Office: Wealth Builder Real Estate Services

Last Updated: May - 11 - 2026