Downtown Phoenix 16-Unit Multifamily Complex consisting of nine buildings across six contiguous lots totaling approximately 36,400 SF. The property is R-3 zoned and features all 1BD/1BA units, currently generating $18,000+ in monthly gross rental income. All units have separate electric and gas meters, with utilities paid directly by tenants. The property is serviced by four water meters.
The site offers a potential redevelopment opportunity while providing existing rental income.
For sale
$1,999,000
2102 W ADAMS Street, Phoenix, AZ 85009
16beds
16baths
7,808sqft
Multi Family
Built in 1921
-- sqft lot
$-- Zestimate®
$256/sqft
$-- HOA
What's special
- 10 days
- 81
- 17
Zillow last checked:
Listing updated:
Listed by:
Zachary Coty 602-516-4767,
Compass
Source: ARMLS,MLS#: 7085334
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 16
Heating
- See Remarks
Cooling
- See Remarks
Appliances
- Included: See Remarks
Features
- Flooring: Other, Ceramic Tile, Vinyl
Interior area
- Total structure area: 7,808
- Total interior livable area: 7,808 sqft
Property
Parking
- Total spaces: 30
- Parking features: >1 Space Per Unit
- Uncovered spaces: 30
Lot
- Size: 0.84 Acres
- Dimensions: 36400
Details
- Parcel number: 10932095
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Veneer, Block
- Roof: Composition
Condition
- Year built: 1921
Utilities & green energy
- Electric: APS, SRP
- Sewer: Public Sewer, See Remarks
- Water: See Remarks, City Franchise
Community & HOA
Community
- Features: No Pool
- Subdivision: CAPITOL ADDITION
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $256/sqft
- Tax assessed value: $251,800
- Annual tax amount: $556
- Date on market: 9/26/2026
- Cumulative days on market: 10 days
- Listing terms: Cash,No Carry,Conventional,1031 Exchange
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Concrete, Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2026 | Listed for sale | $1,999,000+21.2%$256/sqft |
Source:  ARMLS #7085334 Report a problem | ||
| 8/14/2025 | Listing removed | $1,000 |
Source: Zillow Rentals Report a problem | ||
| 8/12/2025 | Listed for rent | $1,000-22.8% |
Source: Zillow Rentals Report a problem | ||
| 4/29/2025 | Sold | $1,650,000-5.7%$211/sqft |
Source: ARMLS #6749136 Report a problem | ||
| 4/9/2025 | Listing removed | $1,295 |
Source: ARMLS #6767790 Report a problem | ||
| 4/5/2025 | Pending sale | $1,750,000$224/sqft |
Source: ARMLS #6749136 Report a problem | ||
| 3/11/2025 | Price change | $1,750,000-12.3%$224/sqft |
Source: ARMLS #6749136 Report a problem | ||
| 2/7/2025 | Pending sale | $1,995,000$256/sqft |
Source: ARMLS #6749136 Report a problem | ||
| 1/14/2025 | Price change | $1,995,000-10.1%$256/sqft |
Source: ARMLS #6749136 Report a problem | ||
| 1/10/2025 | Listed for rent | $1,295 |
Source: ARMLS #6767790 Report a problem | ||
| 1/8/2025 | Listing removed | $1,295 |
Source: ARMLS #6767790 Report a problem | ||
| 12/12/2024 | Price change | $2,220,000-4.3%$284/sqft |
Source: ARMLS #6749136 Report a problem | ||
| 11/9/2024 | Price change | $2,320,000-3.3%$297/sqft |
Source: ARMLS #6749136 Report a problem | ||
| 10/7/2024 | Listed for rent | $1,295 |
Source: ARMLS #6767790 Report a problem | ||
| 8/27/2024 | Listed for sale | $2,400,000+405.3%$307/sqft |
Source: ARMLS #6749136 Report a problem | ||
| 9/3/2021 | Sold | $475,000+218.4%$61/sqft |
Source: Public Record Report a problem | ||
| 12/23/2005 | Sold | $149,200-61.9%$19/sqft |
Source: Public Record Report a problem | ||
| 1/21/2005 | Sold | $392,000+553.3%$50/sqft |
Source: ARMLS #2238305 Report a problem | ||
| 4/23/2003 | Sold | $60,000$8/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $556 +6.2% | $25,180 -4.6% |
| 2024 | $523 +1% | $26,400 +643.9% |
| 2023 | $518 +3.7% | $3,549 -72.9% |
| 2022 | $500 -0.4% | $13,080 +9.3% |
| 2021 | $502 +0.2% | $11,970 +21.2% |
| 2020 | $501 +1.7% | $9,880 +19.6% |
| 2019 | $492 | $8,260 +26.5% |
| 2018 | $492 +2.4% | $6,530 +10.1% |
| 2017 | $481 +11.3% | $5,930 +28.4% |
| 2016 | $432 +1.3% | $4,620 +14.6% |
| 2015 | $427 | $4,030 +34.3% |
| 2014 | -- | $3,000 +46.3% |
| 2013 | -- | $2,050 -2.4% |
| 2012 | -- | $2,100 -76% |
| 2011 | -- | $8,749 -27.7% |
| 2010 | -- | $12,098 +23.1% |
| 2009 | -- | $9,827 +28.5% |
| 2008 | -- | $7,648 -8.4% |
| 2007 | -- | $8,350 +39.4% |
| 2006 | -- | $5,990 |
| 2005 | -- | $5,990 +256.5% |
| 2002 | -- | $1,680 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Central City
Nearby schools
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