85040 Homes under $400,000

Welcome to the vibrant community of Phoenix, Arizona, specifically the charming zip code 85040! Nestled in Maricopa County, this area is a hidden gem that offers a unique blend of urban convenience and suburban tranquility. With the stunning backdrop of the Sonoran Desert and the iconic South Mountain Park, residents here enjoy breathtaking views and a plethora of outdoor activities year-round.

One of the most appealing aspects of 85040 is the affordability it offers in the current real estate market. Homes in this area are available for under $400,000, making it an ideal choice for first-time homebuyers, families looking to settle down, or investors seeking lucrative opportunities. You can find a variety of housing options, from cozy single-family homes to modern townhouses, all designed to suit diverse lifestyles and preferences.

Living in 85040 means enjoying easy access to a wide range of amenities. The area boasts excellent schools, shopping centers, and recreational facilities, ensuring that everything you need is just a stone's throw away. The vibrant local culture is evident in the nearby dining options, where you can savor everything from authentic Mexican cuisine to contemporary American fare.

With its warm climate, friendly community, and affordable housing options, 85040 is not just a place to live; it’s a place to thrive. Explore the possibilities and discover your dream home in this dynamic Phoenix neighborhood today!

Newest 85040 Homes under $400,000

$359,900

3 Beds ⋅ 2 Baths ⋅ 7094723 MLS ⋅ ACTIVE Status ⋅ 0.19 Acres ⋅ 85040 Zip Code ⋅ 1,160 SqFt.

Beautifully remodeled 3 bedroom 2 bath house with many custom features. No HOA. Wood flooring, recessed lighting ceiling fans. Move in ready. Make this Phoenix home your own! Conveniently located near South Mountain, Downtown Phoenix, Sky Harbor Airport, freeway access, shopping, dining and outdoor recreation. The kitchen boasts stainless steel appliances, a stylish backsplash, granite counters, and beautiful cabinets The bedrooms offer plush carpets and hard wood floors. Outside, a huge backyard with a RV gate and plenty room for work truck, boat or second house. Covered patio, and plenty (Owner Broker)

5222 S 14th Way, Phoenix

$289,000

2 Beds ⋅ 2 Baths ⋅ 7094116 MLS ⋅ ACTIVE Status ⋅ 0.07 Acres ⋅ 85040 Zip Code ⋅ 1,106 SqFt.

Charming Single- Newly Remodeled! Single Story Home with Spacious Split Floor Plan - 2 bedroom 2 bath. The living room showcases exposed high-beam vaulted ceilings and elegant French doors that lead to a private covered patio--ideal for seamless indoor/outdoor living. The kitchen, equipped with all appliances, new stone countertops and flows into a separate dining area, perfect for family meals and entertaining. Additional highlights include a spacious walk-in closet, a covered carport, and a separate storage room. New Roof Installed in 2024. This home in great LOW HOA community with community pool and is just minutes from Hwy 10 and Hwy 60, offering easy access to Downtown, ASU, and Mill Ave. Don't miss this opportunity to enjoy comfort and community living in an unbeatable location

4173 E Huntington Drive, Phoenix

$230,000

3 Beds ⋅ 2 Baths ⋅ 7092530 MLS ⋅ ACTIVE Status ⋅ 0.16 Acres ⋅ 85040 Zip Code ⋅ 1,030 SqFt.

INVESTOR SPECIAL! FIXER-UPPER WITH GREAT POTENTIAL! This 3-bedroom, 2-bath property features a separate 1-bedroom casita, offering flexible living arrangements or potential rental income. No HOA! Enjoy a prime location close to public transportation, including the Valley Metro Light Rail. Great opportunity for investors or buyers looking to renovate and add value. Bring your vision and make this property shine!

1757 E Hidalgo Avenue, Phoenix

$162,500

2 Beds ⋅ 1 Baths ⋅ 7092409 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85040 Zip Code ⋅ 924 SqFt.

Beautifully remodeled, this two-bedroom, one-bath townhome is available and move-in ready. Fresh paint and carpet, as well as new cabinets, quartz countertops, and ceramic bathroom tile; make this home updated without the time and expense of doing it yourself. All for less than dated similar available properites. Centrally located, this property is only minutes from Sky Harbor Airport and downtown Tempe. Take a look at this town home today, it is priced to move quickly!

4629 E Southgate Avenue, Phoenix

$379,900

3 Beds ⋅ 2 Baths ⋅ 7092096 MLS ⋅ ACTIVE Status ⋅ 0.13 Acres ⋅ 85040 Zip Code ⋅ 1,831 SqFt.

Space, comfort, and possibility in South Phoenix! This single story, 3 bedroom, 2 bath home features vaulted ceilings and an open living area that creates an inviting setting for everyday living and entertaining. The eat in kitchen offers space to gather. Enjoy a spacious backyard with room to make your outdoor vision a reality, plus the convenience of a two car garage. Make this Phoenix home your own! Conveniently located near South Mountain, Downtown Phoenix, Sky Harbor Airport, freeway access, shopping, dining and outdoor recreation. Come see how much usable space this South Phoenix home has to offer.

5306 S 15th Street, Phoenix

$329,900

3 Beds ⋅ 2 Baths ⋅ 7089354 MLS ⋅ ACTIVE Status ⋅ 0.15 Acres ⋅ 85040 Zip Code ⋅ 1,128 SqFt.

Tenant-occupied investment opportunity near Tempe with an existing lease through 6/30/2027. Single-level home with an open great-room layout, wood-look flooring throughout much of the interior, white shaker-style kitchen cabinetry and decorative tile backsplash. Spacious private backyard offers grass, low-maintenance landscaping and a pergola-covered patio. A 2-car covered carport provides off-street parking. No HOA and easy access to I-10, Sky Harbor, ASU, Arizona Mills and Tempe Diablo Stadium. Skip the initial vacancy and tenant-placement process. Ideal for a buy-and-hold investor seeking rental income from day one and future flexibility at lease expiration.

4708 E La Salle Street, Phoenix

$199,000

3 Beds ⋅ 1 Baths ⋅ 7089018 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85040 Zip Code ⋅ 1,008 SqFt.

Discover modern living in this beautifully remodeled 3-bedroom, 1-bath townhouse! Enjoy a bright, open living space filled with natural light and stylish wood-look plank flooring. The fully updated kitchen features sleek quartz countertops, a smooth-top electric range, and stainless steel appliances. Upstairs, find generously sized, updated bedrooms and a stylish bathroom. Relax on your private patio or enjoy the community pool just steps away. Additional features include assigned parking, laundry hookups, and extra storage. Conveniently located just minutes from Phoenix Sky Harbor International Airport, Downtown Phoenix, ASU, and major freeways, this move-in-ready home offers modern style and everyday convenience!

4015 S 45th Street, Phoenix

$399,990

3 Beds ⋅ 3 Baths ⋅ 7086116 MLS ⋅ ACTIVE Status ⋅ 0.04 Acres ⋅ 85040 Zip Code ⋅ 1,582 SqFt.

~Special CASH Pricing Available $399,990~ Discover effortless style at Urban at South Mountain, a gated townhome community near ASU, Sky Harbor Airport, shopping, dining, and major commuter routes. The Orinda plan blends modern design with everyday comfort, featuring a spacious great room and stylish kitchen with Stone Grey cabinetry, Arctic White quartz countertops, GE Profile stainless-steel appliances, and a generous island with pendant lighting. Upstairs, a versatile loft offers space for a home office or media lounge. Two secondary bedrooms provide flexibility, while the private primary suite features dual vanities, a walk-in shower, and spacious walk-in closet. ^^Up to 6% of Base Price can be applied towards closing cost and/or short-long-term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply. Ask for more information!

5647 S 35th Way, Phoenix

$385,000

3 Beds ⋅ 2 Baths ⋅ 7085994 MLS ⋅ ACTIVE Status ⋅ 0.26 Acres ⋅ 85040 Zip Code ⋅ 1,128 SqFt.

Nestled at the end of a quiet cul-de-sac, this beautifully updated and lovingly cared-for home offers classic charm and exceptional flexibility. Positioned on a expansive 1/4-acre lot with no HOA, the broad backyard serves as a true blank canvas--offering endless potential for future projects, outdoor entertaining, or custom additions. Tiled siding on part of the home. Buyer to verify all material facts.

5228 S 47th Street, Phoenix

$289,000

3 Beds ⋅ 2 Baths ⋅ 7085352 MLS ⋅ ACTIVE Status ⋅ 0.15 Acres ⋅ 85040 Zip Code ⋅ 952 SqFt.

Perfectly situated on a large North/South lot. This 3bed, 2bath home is move in ready with fresh carpet! Entertain with ease in the great room meeting the dining. The chic kitchen features stainless steel appliances, an open pantry and gas cooking. Biking and hiking trails nearby. World class shopping, restaurants, museums and nightlife right outside your doorstep! Plus quick access to freeways for easy commuting. Replacement: Roof 2024, A/C 2022, Sewer 2025

2418 E Mobile Lane, Phoenix

$180,000

2 Beds ⋅ 1 Baths ⋅ 7083186 MLS ⋅ ACTIVE Status ⋅ 0.15 Acres ⋅ 85040 Zip Code ⋅ 648 SqFt.

Unlock the possibilities with this 2-bedroom, 1-bath home offering approximately 648 square feet of living space on a R-3 multifamily-zoned lot. The property is in need of repairs and updating, making it an excellent opportunity for investors, developers, or buyers looking to renovate and add value. R-3 zoning offers exciting possibilities for future expansion. Conveniently located near Downtown Phoenix and Phoenix Sky Harbor International Airport, with easy access to major roadways, transportation, shopping, and schools, this may be the investment opportunity you have been waiting for. PLEASE NOTE: The property does not currently have an electric meter. Buyer to verify all utilities, zoning, development possibilities, and any requirements for installation and activation of electrical service. Bring your vision and explore the possibilities this centrally located property has to offer. ***DO NOT DISTURB TENANT. PLEASE SEE VIRTUAL TOUR BEFORE SENDING AN OFFER***

4604 S 5th Street, Phoenix

$173,000

3 Beds ⋅ 2 Baths ⋅ 7081051 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85040 Zip Code ⋅ 1,090 SqFt.

Perfect starter home completely remodeled in 2020 and since then we have installed brand New A/C, New vinyl flooring, New WINDOWS, and appliances. This home is turn key.

4419 E Wood Street, Phoenix

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.

85040 Homes under $400,000

Newest 85040 Homes under $400,000

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