1438 E ADAMS Street, Phoenix, AZ, 85034
About This Home
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.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1983
Materials
- Roof: Composition
- Construction materials: Wood Siding,Wood Frame,Painted
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Free-Standing Range,Disposal,Refrigerator,Free-Standing Electric Oven,Built-In Electric Oven,Microwave,Washer/Dryer
- Laundry features: W/D Hookup
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- Flooring: Laminate
Heating & Cooling
- Heating features: Forced Air,Electric
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 1,924
- Total interior livable area: 1,924 sqft
Property
Details
- Parcel number: 11646068
- Zoning: Multiple Family
Features
- Exterior features: Sidewalk(s)
Lot
- Lot size dimensions: 0.161 acres / 7,000 sqft
Parking
- Total spaces: 4
- Parking features: Off Street,RV Access/Parking,Paved,1 Space/Unit,On Street,Boat
- Has uncovered spaces: Yes
- Uncovered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
- Hail
How This Home’s Risks Compare
FEMA Declared Disasters in Maricopa County and Arizona
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,051 | $60,612 |
| Home Insurance | $430 | $5,160 |
| Property Taxes | $1,654 | $19,848 |
| Electricity | $216 | $2,603 |
| Total | $7,351 | $88,212 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-19 | Listed for sale | $999,000 |
| 2025-04-27 | Listing removed | $944,000 |
| 2023-12-13 | Listing removed | -- |
| 2023-05-12 | Sold | $900,990 |
| 2023-03-14 | Price change | $944,000 |
| 2023-03-07 | Price change | $944,500 |
| 2023-02-27 | Price change | $945,000 |
| 2023-02-16 | Price change | $949,000 |
| 2023-02-08 | Price change | $994,900 |
| 2023-01-20 | Price change | $995,000 |
| 2023-01-03 | Listed for sale | $1,050,000 |
| 2022-09-30 | Sold | $500,000 |
| 2022-09-14 | Pending sale | $500,000 |
| 1994-09-29 | Sold | $37,500 |
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