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Phoenix 85019 Alhambra
5327 N 40TH Lane
Photo of 5327 N 40TH Lane
Sold on Jul 28, 2026

15

Map

Photo of 5327 N 40TH Lane
Photo of 5327 N 40TH Lane
$290,000
● House - Off Market

5327 N 40TH Lane

Phoenix, AZ 85019
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,330 Ft²
$1,424
Est. Monthly

About This Property

Excellent opportunity to purchase a home that has good bones but needs some TLC to realize its

full potential. The home is being sold AS-IS. New HVAC installed in 2023. The seller is unable

to make repairs or provide concessions due to HUD Program restrictions.
Unit Size
1,330 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$218
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1969

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (ARMLS #7008280)

Price History

Date / Event Date Event Price
Jul 28, 2026 Sold
Premium
Sold
Jul 11, 2026 In contract -
In contract
Jul 7, 2026 Relisted $290,000
Relisted
Apr 2, 2026 Listed by LISTED SIMPLY $299,000
Listed by LISTED SIMPLY
Jun 10, 1994 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 4
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 29
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,328
  • Total Building Area: 1,380
  • Gross Building Area: 1,380
  • Building Area: 1,380
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,380
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: E
  • Subdivision: WEST PLAZA 23
  • Land Acres: 0000000237
  • Standard Land Use Code: 9210
  • County Land Use Code: 9710
  • State Land Use Code: 9710
  • Legal Description 1: WEST PLAZA 23 MCR 120-34

Neighborhood

  • School District Name: Alhambra Elementary District
  • Census Tract: 107102

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 12034
  • Parcel: 145-08-816
  • Lot: 519
  • Meridian: SEC 15 TWN 2N RNG 2E
  • Municipality: PHOENIX
  • Latitude: 33.5159
  • Longitude: -112.147

    Address

  • Full Address: 5327 N 40th Ln
  • Address - House Number: 5327
  • Street Direction: N
  • Address - Street Name: 40th
  • Address - Suffix Type: Ln
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C007
  • 4-Digit Zip Code: 2213
  • Zip Code: 85019

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 681300

    Market Valuation

  • Market Total Value: $250,000
  • Market Land Value: $50,000
  • Market Improvement Value: $200,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $20,000

    Sales

  • Current Sale Contract Date: Jun 07, 1994
  • Current Sale Recording Date: Jun 10, 1994
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 41
  • Current Sale Input Document Number: 94-0462890
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Alhambra

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$248

Below Asking

0.02%

Average Days on Market

62

Average Home Size

1914 ft²

Average Home Age

57.3 years

Currently For Sale

587 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 4608 W Maryland Avenue, Glendale, AZ, 85301

$1,350 /mo

  • 2 Beds
  • 2 Baths
4608 W Maryland Avenue #203, Glendale, AZ, 85301 Listing by Lorri Morin
Unit for rent at 4626 W Midway Avenue, Glendale, AZ, 85301

$1,700 /mo

  • 4 Beds
  • 2 Baths
  • 1,382 ft²
4626 W Midway Avenue, Glendale, AZ, 85301 Listing by Maria Morris
Unit for rent at 3902 W Northview Avenue, Phoenix, AZ, 85051

$1,850 /mo

  • 3 Beds
  • 2 Baths
  • 1,560 ft²
3902 W Northview Avenue, Phoenix, AZ, 85051 Listing by Joi Guillory-Alicea

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Sinan Zakaria, LISTED SIMPLY
Last Updated: 3 months ago
Data Source: ARMLS, MLS# 7008280
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 5327 North 40th Lane built and last sold?
The property at 5327 North 40th Lane was built in 1969 and last sold on Jun 7, 1994 for $81,900.
How much is this home worth?
The estimated value of the home located at 5327 North 40th Lane is $294,372.
What are some comparable homes to 5327 North 40th Lane?
There are currently no comparable homes to 5327 North 40th Lane.
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