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More details for 5038 N 18th Ave, Phoenix, AZ - Multifamily for Sale

5038 N 18th Ave

Phoenix, AZ 85015

  • Theater
  • Multifamily for Sale
  • $989,274 CAD
  • 2,276 SF
  • Air Conditioning
  • Key Fob Entry

Phoenix Multifamily for Sale - Northwest Phoenix

An opportunity to acquire a fully remodeled Phoenix triplex currently operated using the PadSplit shared-housing model, providing nine individual income-producing rooms across three separate residential units. The property has been thoughtfully renovated with an emphasis on both durability and resident appeal. Interiors feature white shaker-style cabinetry, stone-look countertops, stainless steel appliances, wood-look flooring, recessed lighting, updated fixtures, modern neutral finishes, and remodeled bathrooms with contemporary vanities and attractive tile tub/shower surrounds. Each of the three units is equipped with a full-size washer and dryer, an important amenity for a shared-housing property and a significant convenience for residents. The individual bedrooms are bright and functional, with attractive finishes and layouts designed to support comfortable room-by-room occupancy. The exterior also presents exceptionally well, with low-maintenance desert landscaping, separate unit entrances, updated windows, distinctive red entry doors, and clean curb appeal. Unlike a traditional triplex relying on only three rental streams, this property is positioned to generate income from nine individually rentable rooms, creating greater income diversification within a single asset. Current room pricing is approximately $205 per week per room, producing gross potential income of approximately $95,202 annually. Using a conservative 7% vacancy allowance, projected annual occupied revenue is approximately $88,538. Based upon owner-provided operating expenses, including utilities, insurance, property taxes, property management and the PadSplit technology fee calculated only on occupied revenue, projected annual NOI is approximately $56,185. At the $715,000 offering price, that represents an estimated 7.86% projected cap rate. At 100% occupancy, projected NOI increases to approximately $62,316, representing an estimated 8.72% cap rate, providing additional income upside as occupancy is maximized. Investment Highlights $715,000 Offering Price Fully Remodeled Triplex 9 Individual Rentable Rooms Currently Operated Using the PadSplit Shared-Housing Model Approximately $205 Per Room Per Week $95,202 Gross Potential Annual Income 7% Vacancy Included in Pro Forma Approximately $88,538 Adjusted Annual Revenue Approximately $56,185 Projected NOI 7.86% Projected Cap Rate Approximately $62,316 NOI at 100% Occupancy Approximately 8.72% Cap Rate at 100% Occupancy Full-Size Washer & Dryer in Each Unit Remodeled Kitchens White Shaker-Style Cabinetry Stone-Look Countertops Stainless Steel Appliances Remodeled Bathrooms Wood-Look Flooring Recessed Lighting Modern Neutral Interior Finishes Separate Unit Entrances Low-Maintenance Desert Landscaping Nine Separate Revenue-Prod 5038 N 18th Avenue is centrally located in Phoenix’s established Alhambra neighborhood, just south of Camelback Road. The property offers convenient access to the Camelback Road and 19th Avenue commercial corridors, Interstate 17, Central Phoenix, Midtown, Downtown Phoenix, and Grand Canyon University. A significant location advantage is the property’s proximity to the Valley Metro Rail station at 19th Avenue and Camelback Road, approximately 0.2 miles away. Residents can walk to the station and access employment centers, educational institutions, sporting events, entertainment districts, Downtown Phoenix, Phoenix Sky Harbor International Airport connections, and destinations throughout the Valley Metro system. (Valley Metro) Area Amenities The surrounding neighborhood provides convenient access to grocery stores, restaurants, coffee shops, pharmacies, banks, fitness centers, medical services, schools, and other everyday necessities. The nearby Camelback Road, Bethany Home Road, 19th Avenue, and Central Avenue corridors offer a broad selection of national retailers, locally owned businesses, and neighborhood services. Residents are also within convenient driving or light-rail distance of: Uptown Plaza and the Central Avenue dining corridor The Melrose District’s restaurants, boutiques, and locally owned businesses Steele Indian School Park Encanto Park and Encanto Golf Course Phoenix College Grand Canyon University Downtown Phoenix’s business, educational, medical, and cultural districts Entertainment Venues The property’s central location provides access to numerous entertainment, cultural, and sporting destinations. Grand Canyon University’s main campus is located at 3300 W Camelback Road and offers collegiate sporting events, concerts, theatrical productions, and other community activities. (Grand Canyon University) Additional destinations accessible by car or light rail include: GCU Arena Footprint Center PHX Arena and Downtown Phoenix sporting events Arizona Financial Theatre Phoenix Convention Center The Van Buren Phoenix Art Museum Heard Museum Roosevelt Row Arts District Chase Field Downtown Phoenix restaurants and nightlife Major Employers The property is positioned near several of Central Phoenix’s most significant employment centers. Grand Canyon University is located approximately two miles west of the property, while Banner Health’s corporate offices are situated along Central Avenue. Banner–University Medical Center Phoenix, the City of Phoenix, Phoenix College, and Downtown Phoenix’s government, healthcare, education, financial, hospitality, and professional-service employers are also readily accessible. (Grand Canyon University) Major area employers and employment centers include: Grand Canyon University Banner Health and Banner–University Medical Center Phoenix City of Phoenix State of Arizona Phoenix College and the Maricopa County Community College District Phoenix Union High School District Maricopa County Downtown Phoenix financial and professional-service firms Phoenix Sky Harbor International Airport and its supporting employers Transportation The property offers excellent multimodal transportation access. The 19th Avenue/Camelback Valley Metro Rail station and park-and-ride facility are located approximately 0.2 miles from the property. The station is served by the Valley Metro B Line and connects the neighborhood with Midtown and Downtown Phoenix, Grand Canyon University-area destinations, Phoenix Sky Harbor International Airport connections, Tempe, Mesa, North Phoenix, and South Phoenix. (Valley Metro) Bus service is available along both 19th Avenue and Camelback Road, providing additional connections throughout Central Phoenix. Interstate 17 is approximately one mile west of the property, offering convenient regional access to Downtown Phoenix, the West Valley, North Phoenix, Loop 101, and Interstate 10. The combination of walkable light-rail access, nearby bus routes, major arterial streets, and convenient freeway connectivity makes this location especially attractive to residents seeking transportation flexibility and access to major employment and entertainment destinations.

Contact:

Gerchick Real Estate

Property Subtype:

Multi Family

Date on Market:

2026-07-24

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More details for 4800 W Gates Pass Rd, Tucson, AZ - Specialty for Sale

Community & Education Center - 4800 W Gates Pass Rd

Tucson, AZ 85745

  • Theater
  • Specialty for Sale
  • $6,918,000 CAD
  • 51,331 SF
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More details for 4085 Stockton Hill Rd, Kingman, AZ - Land for Sale

Vacant Land - 4085 Stockton Hill Rd

Kingman, AZ 86409

  • Theater
  • Land for Sale
  • $712,554 CAD
  • 2.94 AC Lot
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More details for 4901 S Power Rd, Mesa, AZ - Retail for Sale

IN-N-OUT - RARE TROPHY LOW RENT NNN GROUND - 4901 S Power Rd

Mesa, AZ 85212

  • Theater
  • Retail for Sale
  • $7,148,600 CAD
  • 3,886 SF
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More details for 127 Lewis Ave, Ash Fork, AZ - Land for Sale

127 Lewis Ave

Ash Fork, AZ 86320

  • Theater
  • Land for Sale
  • $207,540 CAD
  • 0.50 AC Lot
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More details for 109-111 S 3rd St, Tombstone, AZ - Retail for Sale

Wyatt's Hotel & Theatre - 109-111 S 3rd St

Tombstone, AZ 85638

  • Theater
  • Retail for Sale
  • $968,520 CAD
  • 6,050 SF
  • Air Conditioning

Tombstone Retail for Sale

Steps away from Tombstones historic district & main street, Allen Street & the OK Corral. The building is currently operating as a hotel and theatre with wild west reenactments. Situated along a main road toward parking, the building gets a lot of car and foot traffic as visitors walk toward the main street. Hotel configuration: Upstairs : 1 private apartment with bedroom, bathroom, living room, dining room,kitchen & private balcony. 3 guest suites w/ private bathroom, one with balcony views of the town. 1- Grand King Suite with private bathroom and balcony overlooking town. 1 - Double Queen Suite with private bathroom and views of town. 1 - Queen Suite with private bathroom and views of the courthouse. Plus, this level includes a large open room used as a private gathering space for the hotel guests. Area is set-up with a coffee station, snacks, mini-fridge. Additionally, large laundry room and seperate store room. Downstairs: 1 studio apartment with full bath (this space was previoulsy used as the reception area for guests). 1 apartment with kitchen, bedroom, living room, bathroom, laundry room & extra storage. "Theatre Space" is currently being used by a local group for wild west reenactments. The space is ideal for hosting events & gatherings, or retail shop. This portion of the building has a private double door entrance from the ground level. All furnishings and decor are included in the sale. If buyer is interested in maintaining the building as a hotel owner will covey the booking platform and all current bookings. Actual and proforma figures available to serious qualified buyers.

Contact:

Good Oak Real Estate

Property Subtype:

Storefront Retail/Residential

Date on Market:

2026-03-23

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More details for 104 E 1st Ave, Mesa, AZ - Retail for Sale

104 E 1st Ave

Mesa, AZ 85210

  • Theater
  • Retail for Sale
  • $2,119,093 CAD
  • 6,381 SF
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More details for 290-292 N Huachuca Blvd, Huachuca City, AZ - Retail for Sale

Ray's - 290-292 N Huachuca Blvd

Huachuca City, AZ 85616

  • Theater
  • Retail for Sale
  • $933,930 CAD
  • 5,382 SF
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More details for 1551 E World Blvd, Fort Mohave, AZ - Flex for Sale

1551 E World Blvd

Fort Mohave, AZ 86426

  • Theater
  • Flex for Sale
  • $1,210,650 CAD
  • 4,000 SF
  • Air Conditioning
  • Security System

Fort Mohave Flex for Sale

* SELLER FINANCING AVAILABLE* Welcome to the MEGA MAN CAVE! One of the only commercially zoned available properties with a turn lane in the Fort Mohave area. Extensive curb appeal is immediately noticed. 18' Phoenix Dactylifera lining the entrance. 24x6 modernized rolling gate with a keypad entrance. 2 - 12'2 X 14'1 Black, Insulated, Commercial Ribbed Doors. 6' high block wall around the entire half acre. Pitched metal roof, for a continuation of the modern design. Completed with landscaping throughout. The interior of the mega mancave is a total wow factor. Epoxy flooring throughout with additional glitter coating. LED bar mirroring the entrance gate design, including a refrigerator, freezer, double basin sink, and stainless-steel countertops. The Mancave is fully Automated with a Crestron Automation System. It includes Sono's music distributed audio throughout the entire Man Cave. The Theater area is also equipped with a THX certified 5.2 surround sound theater system that is fully automated by the Crestron Automation System. The system also automates the main indoor lighting, as well as the RGBW accent bar lighting. There is a state-of-the-art burglar alarm, and security camera system that is viewable on the surround sound theater system, and on any mobile device. The multi zone HVAC system is also controlled via the Crestron automaton system. The entire Crestron System can be controlled on any wireless mobile device from anywhere in the world. Bathroom surrounded with 24x24 elegant tile. 3 AC units to keep the entire space cool, with an additional mini split for the restroom. 16 ft Big A Fan if you need the additional temperature cool space. TWO RV hook up stations! BOAT AND RV welcome, plenty of room for both and the rest of your desert and water toys. Additional storage/entertaining space accessed from the aluminum staircase and railing that is not yet pictured. The Mega Mancave is a must see especially with the limited inventory! Owner/Broker.

Contact:

Coldwell Banker Realty

Property Subtype:

Showroom

Date on Market:

2025-09-12

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More details for 000 Airway Ave, Kingman, AZ - Land for Sale

Airway & Castlerock 25-acres - 000 Airway Ave

Kingman, AZ 86401

  • Theater
  • Land for Sale
  • $1,729,500 CAD
  • 24.25 AC Lot
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More details for 1961 White Mountain Road, Show Low, AZ - Land for Sale

1961 White Mountain Road

Show Low, AZ 85901

  • Theater
  • Land for Sale
  • $2,836,380 CAD
  • 4.20 AC Lot
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More details for 202 E Earll Dr, Phoenix, AZ - Office for Sale

Earll Professional Plaza - 202 E Earll Dr

Phoenix, AZ 85012

  • Theater
  • Office for Sale
  • $1,822,768 CAD
  • 5,606 SF
  • 1 Unit Available
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More details for W McCartney, Casa Grande, AZ - Land for Sale

Casa Grande 163 - W McCartney

Casa Grande, AZ 85194

  • Theater
  • Land for Sale
  • $11,276,340 CAD
  • 163 AC Lot
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More details for SWC Of Interstate 10 & Avondale Blvd, Avondale, AZ - Land for Sale

AVONDALE PRIME CITY CENTER LOCATION - SWC Of Interstate 10 & Avondale Blvd

Avondale, AZ 85323

  • Theater
  • Land for Sale
  • $18,443,388 CAD
  • 18 AC Lot
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More details for SWC 75th & Paradise Ln, Peoria, AZ - Land for Sale

SWC 75th & Paradise Ln

Peoria, AZ 85382

  • Theater
  • Land for Sale
  • Price Upon Request
  • 3.34 AC Lot
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More details for 3401 N Fort Valley Rd, Flagstaff, AZ - Specialty for Sale

3401 N Fort Valley Rd

Flagstaff, AZ 86001

  • Theater
  • Specialty for Sale
  • Price Upon Request
  • 21,370 SF
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More details for SEC Meridian & Lost Dutchman, Apache Junction, AZ - Land for Sale

Meridian Station - SEC Meridian & Lost Dutchman

Apache Junction, AZ 85120

  • Theater
  • Land for Sale
  • Price Upon Request
  • 1 AC Lot
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More details for Bell Rd, Surprise, AZ - Land for Sale

S/SEC Bell & Reems Rds - Bell Rd

Surprise, AZ 85374

  • Theater
  • Land for Sale
  • Price Upon Request
  • 7.20 AC Lot
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More details for Arizona Medical Office & Surgery Center – Medical for Sale

Arizona Medical Office & Surgery Center

  • Theater
  • Office for Sale
  • $84,814,680 CAD
  • 138,086 SF
  • 9 Office Properties

Portfolio of properties for Sale - Northwest Phoenix

Bellagio Real Estate is pleased to present a rare opportunity to acquire a nine-property medical office and surgery center portfolio totaling 138,349 square feet across the Greater Phoenix metropolitan area. Priced at $61,300,000 and offered at a 7.0% cap rate, the portfolio delivers institutional-quality healthcare real estate with geographic diversification across some of Arizona's fastest-growing submarkets — including Phoenix, Chandler, Mesa, Surprise, Casa Grande, and Prescott. Healthcare real estate continues to attract strong investor demand for its recession-resilient fundamentals, long-term tenancy, and the durable demographic tailwinds of the Phoenix metro, one of the nation's leading destinations for population and healthcare-sector growth. This portfolio offers a buyer the opportunity to acquire scale in a single transaction, with the flexibility to hold as a diversified portfolio or reposition individual assets. Investment Highlights Nine-property medical office and surgery center portfolio — 138,349 SF total $61,300,000 offering price at a 7.0% cap rate Geographic diversification across six high-growth Phoenix-area submarkets Specialized healthcare product: medical office and ambulatory surgery centers Located in the Greater Phoenix MSA, a top-tier market for demographic and healthcare-sector growth Available as a portfolio or on an individual-asset basis

Contact:

Bellagio Executive Plaza Group

Date on Market:

2026-07-14

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