Courtesy of Orion Investment Real Estate
Property Description
2923 N 38th St is a fully renovated fourplex in Phoenix’s highly desirable 85018 zip code near Arcadia Lite and the Camelback Corridor. This turnkey multifamily investment features updated units with modern kitchens, upgraded bathrooms, new flooring, and in-unit washer and dryer. Stabilized with strong rental income and long-term tenants, the property offers immediate cash flow. Ideal for investors or owner-occupants, this 4-unit property qualifies for residential financing. Located near top dining, shopping, and major employers including Phoenix Children’s Hospital and Banner – University Medical Center Phoenix. Rare opportunity in a high-demand Phoenix rental market.
Open House
Property Details and Features
-
Property Access
- Road Surface: Concrete
-
Appliances & Equipment
- Disposal
- Dishwasher
- Refrigerator
- Free-Standing Electric Oven
- Built-In Electric Oven
- Microwave
- Washer/Dryer
- W/D Hookup
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Bathrooms
- 6 total bathrooms
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Bedrooms
- 6 total bedrooms
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Building
- Built in 1964
- 1 building
- Construction Materials: Painted, Block
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Community
- No Pool
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Cooling
- Central Air
- Ceiling Fan(s)
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Disclosures
- None
-
Expenses
- Electric: $3,311
- Gardener: $4,255
- Insurance: $3,360
- Maintenance: $1,035
- Operating: $13,649
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Floors
- Vinyl
-
Heating
- Forced Air
-
Income
- Gross Income: $57,570
- Gross ScheduledIncome: $60,600
- Net Operating Income: $41,157
-
Listing
- Listing ID: 7020560
- Standard Status: Active
- MLS Status: Active
- 130 days on market
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Location
- Subdivision: CITRUS ACRES LOTS 1 THRU 20
- County/Parish: Maricopa
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Lot
- Dimensions: 139 x 57.95
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Owner Pays
- Gas
- Trash Collection
- Water
- Sewer
- Landscaping
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Parking
- 4 covered spaces
- 4 open parking spaces
- 8 total parking spaces
- <1 Space Per Unit
-
Roof
- Rolled/Hot Mop
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Schools
- Elementary School District: Creighton Elementary District
- High School District: Phoenix Union High School District
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Sewer
- Public Sewer
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Taxes
- Additional parcels description:
- Parcel Number: 127-21-009-A
- Public Survey Range: 3E
- Public Survey Section: 25
- Annual Amount: $1,688
- Tax Book Number: 127.00
- Legal Description: CITRUS ACRES LOT 83 W 58'
- Lot: 83
- Parcel Letter: A
- Year: 2025
- Zoning: R-4
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Utilities
- Water Source: City Franchise
- SRP
Property Map
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This content last updated on September 5, 2026 3:28PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.