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.
For sale
$900,000
2925 N 38TH Street, Phoenix, AZ 85018
17beds
10baths
4,800sqft
Multi Family
Built in 1964
-- sqft lot
$-- Zestimate®
$188/sqft
$-- HOA
What's special
Appealing unit mixCombination of renovations
- 175 days
- 478
- 41
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#: 7013792

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 17
- Bathrooms: 10
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: 176 days
- Listing terms: VA Loan,Cash,Owner May Carry,Conventional,FHA
- 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
| Date | Event | Price |
|---|---|---|
| 4/14/2026 | Listed for sale | $900,000+414.3%$188/sqft |
Source: | ||
| 3/16/2013 | Listing removed | $175,000$36/sqft |
Source: HomeSmart #4894131 Report a problem | ||
| 2/22/2013 | Listed for sale | $175,000+94.4%$36/sqft |
Source: HomeSmart #4894131 Report a problem | ||
| 4/13/2010 | Sold | $90,000-74.9%$19/sqft |
Source: Public Record Report a problem | ||
| 8/15/2005 | Sold | $359,000+25.3%$75/sqft |
Source: | ||
| 2/18/2005 | Sold | $286,620+43.3%$60/sqft |
Source: Public Record Report a problem | ||
| 12/23/2004 | Sold | $200,000+22.4%$42/sqft |
Source: Public Record Report a problem | ||
| 12/4/2001 | Sold | $163,334$34/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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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Neighborhood: Camelback East
Nearby schools
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.







