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Courtesy of Gerchick Real Estate, Linda S Gerchick Listing Contact: 602-688-9279 
9 Beds
3 Baths

$570,000

5038 N 18TH Avenue, Phoenix AZ, 85015

Built in1984
Property typeMulti-family

Overview

Active

Listed Oct 7, 2026

Updated 17h ago

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.

$3,792/mo

Est. mortgage payment based on a $570,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7090472

Interior Features

Bedrooms
9
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$1,615
Tax Frequency
Annually
Maintenance Expense
$1,200

Courtesy of Gerchick Real Estate, Linda S Gerchick

Listing Contact: 602-688-9279 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kristi Newman shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Not representative of the licensee’s transaction history. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

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Data Last Updated: 4:39 AM UTC, 10/8/2026.

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