1930-1938 E Adams Street, Phoenix, AZ 85034

Phoenix
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
1930-1938 E Adams Street,Phoenix, AZ 85034
$2,250,000
  • 22 Beds
  • 16 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: colt siler, garrett k hemeyer
Office: orion investment real estate
MLS#:7098707
Source:ARMLS

Price summary

  • Price:$2,250,000

About this home

Adams Street Apartments is a 16-unit apartment community offering immediate value-add potential. Originally configured as 17 units, the property includes a storage room that could be converted back into a studio unit, creating an opportunity for additional rental income. Owned and operated by the same ownership since 2012, the property has benefited from consistent capital improvements, including new roofs, ongoing electrical panel replacements and extensive plumbing updates. Units have also been renovated incrementally as they become vacant. With a majority of long-term tenants paying below-market rents, the property offers investors multiple opportunities to increase income through continued renovations, loss to lease recovery and the restoration of the 17th unit.

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Home facts

  • Year built:1956
  • Listing ID #:7098707
  • Updated:October 30, 2026 at 05:12 PM

Rooms and interior

  • Bedrooms:22
  • Total bathrooms:16
  • Flooring:Concrete, Wood

Heating and cooling

  • Cooling:Ceiling Fan(s), Electric
  • Heating:Ceiling

Structure and exterior

  • Year built:1956
  • Construction Materials:Block, Painted

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$2,250,000
  • Tax amount:$4,960 (2025)

Parking

  • Total parking spaces:19
  • Parking description:More Than 1 Parking Space/Unit
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