MLS# 7044182 – 1438 E Adams Street, Phoenix, AZ 85034

Price: $999,000
Units: 4
Status: Active
Year Built: 1983
Neighborhood: Collins Addition Phoenix Blocks 31-34 39-40
Days on Website: 78

Courtesy of AH Properties

Property Description

Excellent four-unit multifamily investment property in the Phoenix metro area, minutes from Downtown Phoenix and the Sports Center. Updated in 2022, this well-maintained complex offers strong cash-flow potential with estimated annual income of approximately $50,000. Features include four spacious units with separate bedrooms (no studios), tile flooring throughout, in-unit laundry, and all appliances included, including refrigerators, washers, and dryers. Each unit has dedicated storage and assigned parking. Additional highlights include security doors and windows, privacy fencing, no HOA, Phoenix city tax municipality, and eligibility for subsidized housing programs. A low-maintenance, turnkey investment opportunity in a desirable location.

Open House

Property Details and Features

  • Property Access
  • Road Surface: Asphalt
  • Appliances & Equipment
  • Free-Standing Range
  • Disposal
  • Refrigerator
  • Free-Standing Electric Oven
  • Built-In Electric Oven
  • Microwave
  • Washer/Dryer
  • W/D Hookup
  • Bathrooms
  • 4 total bathrooms
  • Bedrooms
  • 4 total bedrooms
  • Building
  • Built in 1983
  • 1 building
  • Construction Materials: Wood Siding, Wood Frame, Painted
  • Community
  • No Pool
  • Cooling
  • Central Air
  • Electric
  • Disclosures
  • None
  • Expenses
  • Operating: $1,294
  • Exterior Features
  • Sidewalk(s)
  • Floors
  • Laminate
  • Heating
  • Forced Air
  • Electric
  • Income
  • Gross Income: $49,200
  • Gross ScheduledIncome: $49,200
  • Listing
  • Listing ID: 7044182
  • Standard Status: Active
  • MLS Status: Active
  • 78 days on market
  • Location
  • Subdivision: COLLINS ADDITION PHOENIX BLOCKS 31-34 39-40
  • County/Parish: Maricopa
  • Lot
  • Dimensions: 0.161 acres / 7,000 sqft
  • Owner Pays
  • Trash Collection
  • Water
  • Sewer
  • Landscaping
  • Parking
  • 4 open parking spaces
  • 4 total parking spaces
  • Off Street
  • RV Access/Parking
  • Paved
  • 1 Space/Unit
  • On Street
  • Boat
  • Roof
  • Composition
  • Schools
  • Elementary School: Garfield School
  • Elementary School District: Phoenix Elementary District
  • Middle School: Garfield School
  • High School: North High School
  • High School District: Phoenix Union High School District
  • Sewer
  • Sewer-In & Connected
  • Public Sewer
  • Taxes
  • Additional parcels description:
  • Parcel Number: 116-46-068
  • Public Survey Range: 3E
  • Public Survey Section: 9
  • Annual Amount: $1,294
  • Tax Book Number: 116.00
  • Legal Description: COLLINS
  • Lot: 22
  • Year: 2025
  • Zoning: Multiple Family
  • Utilities
  • Water Source: Master Meter, City Franchise
  • APS

Property Map

$999,000 – 1438 E Adams Street, Phoenix, AZ 85034

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This content last updated on September 5, 2026 11:41AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.