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3940 W McDowell Rd, Phoenix, AZ 85009 Property Records

Maricopa County property record for 3940 W McDowell Rd, Phoenix, AZ 85009

Property Summary

Property TypeApartments (5+ Units)
Details45,264 sqft · built 2006
Lot Size1.9 acres (82,764 sqft)
OwnerCompany Name on Record
Last Sale$3,800,000 (Dec 2025)
Deeds & MortgagesOct 2022 Mortgage
Oct 2022 Transfer
Flood ZoneZone X (moderate risk)
APN108-22-078-F

Property Details

APN / Parcel Number

Primary APN108-22-078-F
Alternative APN
  • 10822078F7

Interior

Units83 Units
Stories3 Stories
Building Area45,264 sqft Living Area
1st Floor Area45,264 sqft

Exterior

Year BuiltBuilt 2006
Effective Year BuiltEffective 2006
Exterior MaterialStucco
Construction TypeWood
Lot Area82,764 sqft (1.9 acres)
Garage Area336 sqft
Total Buildings3 Buildings

Utilities, Heating & Cooling

Heating SystemHeat Pump
Heating FuelGas

Location & Zoning

Street Address3940 W MCDOWELL RD
CityPHOENIX
StateAZ
Zip85009-2161
Property CategoryResidential
Property TypeResidential > Multi-Unit > Apartments (5+ Units)
Local Zoning CodeM-H
Legal DescriptionPT SE4 SW4 DAF COM AT SW COR E2 SE4 SW4 TH E ALG S LN TH/OF 11.63F TH N 33F TO POB TH N 405F TH E 280F TH S 405F TH W 280F TO POB EX S 205F OF W 145F TH/OF & EX ANY PT LY WI/IN S 40F SD SE4 SW4 FOR RD
Legal Range2E
Legal Township2N
Legal Section34
JurisdictionMARICOPA AZ
Township / Civil DivisionPHOENIX
Census Block Group1
Census Block1008
Census Tract112202

Owner

Source: Maricopa County records, as of June 29, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordCompany Name on Record
Mailing Address5050 N 40TH ST, 210, PHOENIX, AZ 85018-2152
Owner TypeCompany
VestingLimited Liability Partnership

Deeds, Mortgages & Sale History

DateDocument
Oct 17, 2022Deed of Trust, Mortgage · Commercial Mortgage
CBRE MULTIFAMILY CAPITAL INC
Oct 12, 2022Correction Deed

Assessor's Deed Record

Deed NamesName on Deed
Last SaleDec 30, 2025 · Amount on Record
Deed SaleDec 30, 2025 · Amount on Record
Prior SaleNov 15, 2005 · Amount on Record
Deed Document Number2025749252
Prior Transfer DateDec 30, 1998
Prior Transfer Doc0001184560
Record UpdatedOct 29, 2026

October 2022: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionMARICOPA AZ
Property Address3940 W MCDOWELL RD, PHOENIX, AZ 85009-2161
Transaction TypeMortgage
Record UpdatedMar 5, 2024

Transferred To (Grantee/Buyer)

NameVerified Name
Address345 PARK AVE, NEW YORK, NY 10154-0004

Mortgage

Document Number0000780893
DateOct 17, 2022
Instrument20220780893
Lender
NameCBRE MULTIFAMILY CAPITAL INC
TypeNon-Lending Institution
AddressHOUSTON, TX 77024
Agreement
TypeCommercial Mortgage
AmountAmount Recorded

October 2022: Correction Deed

Document TypeCorrection Deed
JurisdictionMARICOPA AZ
Recording DateOct 12, 2022
Property Address3940 W MCDOWELL RD, PHOENIX, AZ 85009-2161
Document Number0000771045
Instrument DateSep 26, 2022
Instrument20220771045
Record UpdatedMar 5, 2024

Transaction

Tax$0.00
Amount AccuracyNo Consideration Stated

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name

Tax Assessment & Valuation

Source: Maricopa County assessment roll, as of October 22, 2025

Property Jurisdictions

TypeName
StateArizona
CountyMaricopa County
MunicipalityPhoenix City
Elementary School DistrictIsaac Elementary District (PK - 08)
Secondary School DistrictPhoenix Union High School District (09 - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$247,570 (+30.39%)$2,475,700 (+11.73%) Land $495,100 Building $1,980,600
2025$189,862 (-0.07%)$2,215,800 (+16.62%) Land $443,100 Building $1,772,700
2024$190,000 (-2.66%)$1,900,000 (-2.66%) Land $380,000 Building $1,520,000
2023$195,200 Land $39,040 Building $156,160$1,952,000 Land $390,400 Building $1,561,600
2022Additional exemption filed

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective October 2, 2026

FEMA Flood ZoneZone X
moderate risk
500-Year FloodplainYes
0.2% annual chance
Flood Insurance RequirementNot required
lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemCITY OF PHOENIX
serves 1,695,000 people · EPA ID AZ0407025
Water SourceSurface water
Last State InspectionDec 2025
Lead3 ppb (2022–2024)
action level 15 ppb

Violations Reported to EPA

Water QualityTurbidity
resolved · Jan 2021
Treatment and ProcedureNone
last 10 years
Monitoring and Reporting2
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 618 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Cox Communications
Cable		2,000 / 100
Verizon
Fixed Wireless		1,000 / 75
Tristate Wi-Fi by Wi-Fiber
Fixed Wireless		400 / 400
CenturyLink
DSL · Fiber in parts of the area		140 / 20
AirFiber WISP
Fixed Wireless		100 / 25

May also be available: GeoLinks, T-Mobile.

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