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!
For sale
$599,000
2018 W Cactus Rd, Phoenix, AZ 85029
8beds
4baths
3,600sqft
Est.:
Multi Family
Built in 1963
-- sqft lot
$-- Zestimate®
$166/sqft
$-- HOA
What's special
- 48 days |
- 294 |
- 15 |
Zillow last checked: 8 hours ago
Listing updated: 19 hours ago
Listed by:
John P Galaviz 602-902-1490,
eXp Realty
Source: ARMLS,MLS#: 6953868
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Individual, Heat Pump, Electric
Cooling
- Electric, Individual
Appliances
- Included: Free-Standing Range, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer
Features
- Flooring: Tile
Interior area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
Property
Parking
- Total spaces: 4
- Parking features: Assigned, 1 Space/Unit
- Uncovered spaces: 4
Lot
- Dimensions: 94.1 x 101.92 x 92.61 x 101.96
Details
- Parcel number: 14904015
- Zoning: Multifamily
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Block
- Roof: Built-Up
Condition
- Year built: 1963
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: No Pool
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $166/sqft
- Tax assessed value: $464,500
- Annual tax amount: $1,825
- Date on market: 12/4/2025
- Cumulative days on market: 49 days
- Listing terms: Conventional,1031 Exchange,FHA,VA Loan
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/2/2026 | Listed for sale | $599,000$166/sqft |
Source:  ARMLS #6953868 Report a problem | ||
| 2/23/2026 | Pending sale | $599,000$166/sqft |
Source: ARMLS #6953868 Report a problem | ||
| 2/19/2026 | Listed for sale | $599,000$166/sqft |
Source: ARMLS #6953868 Report a problem | ||
| 1/15/2026 | Pending sale | $599,000$166/sqft |
Source: eXp Realty #6953868 Report a problem | ||
| 12/4/2025 | Listed for sale | $599,000+23.5%$166/sqft |
Source: ARMLS #6953868 Report a problem | ||
| 2/22/2021 | Sold | $485,000$135/sqft |
Source: ARMLS #6182459 Report a problem | ||
| 1/18/2021 | Listed for sale | $485,000+79.7%$135/sqft |
Source: ARMLS #6182459 Report a problem | ||
| 5/9/2017 | Listing removed | $269,888$75/sqft |
Source: Realty Executives #5601943 Report a problem | ||
| 5/7/2017 | Listed for sale | $269,888+20%$75/sqft |
Source: Realty Executives #5601943 Report a problem | ||
| 4/7/2017 | Sold | $225,000+116.3%$63/sqft |
Source: Public Record Report a problem | ||
| 9/30/2009 | Sold | $104,000-7.6%$29/sqft |
Source: Public Record Report a problem | ||
| 2/26/2009 | Sold | $112,500-51%$31/sqft |
Source: ARMLS #4077451 Report a problem | ||
| 8/26/2008 | Sold | $229,427-39.6%$64/sqft |
Source: Public Record Report a problem | ||
| 6/22/2006 | Sold | $379,900+18.7%$106/sqft |
Source: Public Record Report a problem | ||
| 4/7/2005 | Sold | $320,000+20.8%$89/sqft |
Source: Public Record Report a problem | ||
| 8/24/2004 | Sold | $265,000+24.9%$74/sqft |
Source: Public Record Report a problem | ||
| 1/30/2004 | Sold | $212,250+14.1%$59/sqft |
Source: Public Record Report a problem | ||
| 10/30/2001 | Sold | $186,000$52/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,799 +3.9% | $46,450 -3.9% |
| 2024 | $1,732 +1.8% | $48,360 +271.2% |
| 2023 | $1,701 +2% | $13,028 -50.8% |
| 2022 | $1,668 +1.3% | $26,460 +6.7% |
| 2021 | $1,648 +1.9% | $24,810 +8.8% |
| 2020 | $1,618 +2.7% | $22,810 +14.5% |
| 2019 | $1,575 | $19,930 +22.3% |
| 2018 | $1,575 +0.5% | $16,300 +6.7% |
| 2017 | $1,567 +10% | $15,270 +3.5% |
| 2016 | $1,425 | $14,760 +2.1% |
| 2015 | $1,425 | $14,450 +25.9% |
| 2014 | -- | $11,480 +55.8% |
| 2013 | -- | $7,370 -12.4% |
| 2012 | -- | $8,410 -2.4% |
| 2011 | -- | $8,620 -49.5% |
| 2010 | -- | $17,080 -39.8% |
| 2009 | -- | $28,350 +31% |
| 2008 | -- | $21,640 +47.7% |
| 2007 | -- | $14,650 +4.2% |
| 2006 | -- | $14,060 |
| 2005 | -- | $14,060 +4.1% |
| 2004 | -- | $13,512 |
| 2003 | -- | $13,512 +38.6% |
| 2002 | -- | $9,750 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,964/mo
Principal & interest
$2759
Property taxes
$205
Climate risks
Neighborhood: North Mountain
Nearby schools
GreatSchools rating
- 5/10Shaw Butte SchoolGrades: PK-6Distance: 0.1 mi
- 4/10Mountain Sky Middle SchoolGrades: 7-8Distance: 2.7 mi
- 9/10Thunderbird High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Washington Elementary School
- High: Glendale High School
- District: Washington Elementary School District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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