Movoto Real Estate
Sold on 04/24/2026
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2018 W Cactus Rd, Phoenix, AZ 85029

$520,000

Last sold 04/24/2026 after 142 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale

About 2018 W Cactus Rd

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Property description
This fully occupied four-plex delivers strong, reliable performance with a current cap rate above 7 percent. It is a rare opportunity to secure a stabilized multifamily asset in a high-demand Phoenix corridor, offering immediate cash flow from day one. Each unit is tenant-occupied with consistent rental history, making this a smart addition to any investment portfolio. Buyers seeking to owner-occupy can also utilize FHA financing, allowing one unit to serve as a primary residence while the remaining three generate income to offset monthly expenses. The property offers straightforward, low-drama operations and sits near major freeways, employment centers, and everyday conveniences. This building excels where it counts: dependable returns, strong occupancy, and long-term investment potential. Opportunities at this price point with proven performance are increasingly hard to find. This is a solid, income-producing asset ready for its next owner!
Listed by
Listing Agent - John P Galaviz
Listing Office - eXp Realty
Source: ARMLS mls logo
MLS#6953868 • last updated 5 months ago
Movoto checked ARMLS for data 7 minutes ago
Overview
Cooling/AC Electric, Individual
Heating Individual, Heat Pump, Electric
MLS # 6953868
Type Multiple Dwellings
Status Closed
Property Tax 1825
Year Built 1963
Interior
Flooring Tile
Appliances Free-Standing Range, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer
Exterior
Roof Built-Up
Construction Painted, Block
Parking Assigned, 1 Space/Unit
# of Open Parking Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School Washington Elementary School
Elementary School District Washington Elementary School District
High School District Glendale Union High School District
High School Glendale High School
APN 149-04-015
Zoning Multifamily
Directions Use GPS
Multifamily Details
Total # of Units 4
Expense: Operating 10330
Financial Data Source Owner
Expense: Insurance 3705
Net Operating Income 44308
Gross Income 54638
Expense: Trash 2400
Expense: Water/Sewer 2400
Gross Scheduled Income 54638
Lot/ Land Details
Road Surface Gravel
We are not permitted to show value estimates for this property.
  • Apr 2026
    mls logo MLS # 6953868
  • Apr 24, 2026 Sold
    $520,000 (-5.3%)
  • Apr 7, 2026 Pending
    —
  • Apr 1, 2026 Price Change
    $549,000 (-8.3%)
  • Apr 1, 2026 Listed
    —
  • Mar 13, 2026 Pending
    —
  • Mar 2, 2026 Listed
    —
  • Feb 23, 2026 Pending
    —
  • Feb 19, 2026 Listed
    —
  • Jan 15, 2026 Pending
    —
  • Dec 3, 2025 Listed
    $599,000 (+23.5%)
  • Feb 2021
    mls logo MLS # 6182459
  • Feb 22, 2021 Sold
    $485,000
  • Jan 18, 2021 Listed
    $485,000
  • Year Property taxes Tax assessment
  • 2024
    $1,757 +1.8%
    $46,450 -3.95%
  • 2023
    $1,725 +3.4%
    $48,360 +26.23%
  • 2022
    $1,668 -1.3%
    $38,310 +44.78%
  • 2021
    $1,690 +2.6%
    $26,460 +6.65%
  • 2020
    $1,648 +1.9%
    $24,810 +8.77%
  • 2019
    $1,618 +2.7%
    $22,810 +14.45%
  • 2018
    $1,575 +0.5%
    $19,930 +22.27%
  • 2017
    $1,567 +1.9%
    $16,300 +6.75%
  • 2016
    $1,539 +8.0%
    $15,270
  • 2015
    $1,425
    —
  • 2018 W Cactus Rd
    $520K
  • North Mountain
    $390K -4% y/y
  • 85029
    $375K 0% y/y
  • Phoenix
    $460K -1% y/y
No chart available
Statistics calculated by Movoto

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2/10
7/10
Source: GreatSchools.org © 2026. All rights reserved.

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