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For sale
  • $900,000

    2925 N 38TH Street, Phoenix, AZ 85018

    17beds
    6baths
    4,800sqft
    : 
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    Multi Family
    Built in 1964
    -- sqft lot
    $-- Zestimate®
    $188/sqft
    $-- HOA

    What's special

    Appealing unit mixCombination of renovations
    FULLY REMODELED UNITS! This multi-family property presents a strong, turnkey investment opportunity with immediate and reliable cash flow. The asset consists of four units, including two 2 bedroom 2 bath units and two 1 bedroom 1 bath units, offering a desirable unit mix that attracts a broad tenant base. Each unit has been thoughtfully upgraded with modern finishes, minimizing near term capital expenditures and reducing ongoing maintenance concerns. The 2 bedroom units average approximately 850 square feet, while the 1 bedroom units offer around 700 square feet, providing efficient and highly rentable layouts. The property delivers excellent income performance, with all units renting at 1,200 per month, creating consistent and predictable revenue. This makes it an ideal opportunity investors seeking stable cash flow, strong rental demand, and a low maintenance asset. With its combination of renovations, solid in place rents, and appealing unit mix, this property is well positioned for long term appreciation and continued income growth.
    80 days
    |
    502
    |
    33
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Heather Openshaw 480-462-5939,

    Keller Williams Integrity First Realty,

    Devan Statler 816-269-6883,

    Keller Williams Integrity First Realty

    Source: ARMLS,MLS#: 7013792MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 17
      • Bathrooms: 6
      Heating
      • Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Refrigerator, Microwave
      Features
      • Flooring: Laminate
      Interior area
      • Total structure area: 4,800
      • Total interior livable area: 4,800 sqft

      Property

      Parking
      • Total spaces: 10
      • Parking features: Paved, Free, Add'l Parking Avail, >1 Space Per Unit
      • Covered spaces: 6
      • Uncovered spaces: 4
      Features
      • Has private pool: Yes
      Details
      • Parcel number: 12721008C
      • Zoning: multi

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Painted, Stucco, Block
      • Roof: Foam
      Condition
      • Year built: 1964

      Utilities & green energy

      • Electric: SRP
      • Sewer: Public Sewer
      • Water: City Franchise

      Community & HOA

      Community
      • Features: Pool, No Pool
      • Subdivision: CITRUS ACRES LOTS 1 THRU 20
      Location
      • Region: Phoenix

      Financial & listing details

      • Price per square foot: $188/sqft
      • Tax assessed value: $679,800
      • Annual tax amount: $1,654
      • Date on market: 4/14/2026
      • Cumulative days on market: 80 days
      • Listing terms: Conventional,FHA,VA Loan
      • Ownership: Fee Simple
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        4/14/2026Listed for sale$900,000+414.3%$188/sqft
        Source: ARMLS #7013792 Report a problem
        3/16/2013Listing removed$175,000$36/sqft
        Source: HomeSmart #4894131 Report a problem
        2/22/2013Listed for sale$175,000+94.4%$36/sqft
        Source: HomeSmart #4894131 Report a problem
        4/13/2010Sold$90,000-74.9%$19/sqft
        Source: Public Record Report a problem
        8/15/2005Sold$359,000+25.3%$75/sqft
        Source: ARMLS #2309023 Report a problem
        2/18/2005Sold$286,620+43.3%$60/sqft
        Source: Public Record Report a problem
        12/23/2004Sold$200,000+22.4%$42/sqft
        Source: Public Record Report a problem
        12/4/2001Sold$163,334$34/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,654 +3.9%$67,980 -15%
        2024$1,592 +1.2%$80,000 +620.5%
        2023$1,573 +4.1%$11,104 -73.1%
        2022$1,511 +0.1%$41,320 +11.3%
        2021$1,511 +0.7%$37,130 +19.9%
        2020$1,500 +2.1%$30,970 +23.1%
        2019$1,469 $25,150 +14%
        2018$1,469 +4%$22,060 +5.2%
        2017$1,412 +11.8%$20,960 +21.6%
        2016$1,263 -1%$17,230 +12.5%
        2015$1,275 $15,310 +18%
        2014-- $12,970 +148.5%
        2013-- $5,220 +5.7%
        2012-- $4,940 -16.8%
        2011-- $5,940 -38.4%
        2010-- $9,650 -44%
        2009-- $17,220 -16%
        2008-- $20,500 +23.5%
        2007-- $16,600 +28.8%
        2006-- $12,890
        2005-- $12,890 +15.9%
        2004-- $11,123
        2003-- $11,123 +9.6%
        2002-- $10,150

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Camelback East

        Getting around

        72 / 100
        Very Walkable
        39 / 100
        Some Transit
        77 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Monte Vista Elementary School
        • Middle: Monte Vista Elementary School
        • High: Camelback High School
        • District: Creighton Elementary District

        Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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