For sale

$2,250,000

1930-1938 E Adams Street, Phoenix, AZ 85034

22beds

16baths

9,488sqft

$13,109/mo

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Multi Family

Built in 1956

-- sqft lot

$-- Zestimate^®

$237/sqft

$-- HOA

What's special

Extensive plumbing updatesNew roofs

Adams Street Apartments is a 16-unit apartment community offering immediate value-add potential. Originally configured as 17 units, the property includes a storage room that could be converted back into a studio unit, creating an opportunity for additional rental income. Owned and operated by the same ownership since 2012, the property has benefited from consistent capital improvements, including new roofs, ongoing electrical panel replacements and extensive plumbing updates. Units have also been renovated incrementally as they become vacant. With a majority of long-term tenants paying below-market rents, the property offers investors multiple opportunities to increase income through continued renovations, loss to lease recovery and the restoration of the 17th unit.

10 days
77
0

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 22
Bathrooms: 16

Heating

Ceiling

Cooling

Ceiling Fan(s), Electric

Appliances

Included: Built-In Range
Laundry: W/D Hookup

Features

Flooring: Wood, Concrete

Interior area

Total structure area: 9,488
Total interior livable area: 9,488 sqft

Property

Parking

Total spaces: 19
Parking features: >1 Space Per Unit
Uncovered spaces: 19

Details

Parcel number: 11503040
Zoning: R-5

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Painted, Block
Roof: Composition

Condition

Year built: 1956

Utilities & green energy

Electric: SRP
Sewer: Public Sewer
Water: City Franchise

Community & HOA

Community

Features: No Pool

Location

Region: Phoenix

Financial & listing details

Price per square foot: $237/sqft
Annual tax amount: $4,960
Date on market: 10/26/2026
Listing terms: Cash,Conventional
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/26/2026	Listed for sale	$2,250,000+21.6%$237/sqft
Source: ARMLS #7098707 Report a problem
9/5/2024	Listing removed	$1,850,000$195/sqft
Source: ARMLS #6739747 Report a problem
8/5/2024	Listed for sale	$1,850,000$195/sqft
Source: ARMLS #6739747 Report a problem