1533 E ADAMS Street, Phoenix, AZ, 85034
About This Home
An exceptional investment opportunity in the heart of Downtown Phoenix -- two 4-unit buildings offering a rare chance to own 8 total units with conventional financing eligibility. Ideally located within walking distance to Chase Field, the Footprint Center, ASU Downtown Campus, University of Arizona College of Medicine, Banner Health, and the vibrant restaurants, coffee shops, art galleries, and nightlife of Roosevelt Row. All units are currently occupied, providing immediate income potential, and have been nicely updated with additional upside for future improvements and increased rents. Each residence offers its own private patio or yard space, creating an attractive living experience for tenants, along with ample on-site parking. Positioned in one of Phoenix's fastest-growing Positioned in one of Phoenix's fastest-growing urban corridors, this property combines location, flexibility, and long-term investment potential. Whether you are looking to expand your portfolio or secure a prime multi-family asset in Downtown Phoenix, this is an opportunity not to miss
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1983
Materials
- Construction materials: Painted,Block
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- Flooring: Tile,Laminate
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Ceiling Fan(s)
Interior Area
- Total structure area: 1,860
- Total interior livable area: 1,860 sqft
Property
Details
- Parcel number: 11646102
- Zoning: R-5
Lot
- Lot size dimensions: IRR
Parking
- Total spaces: 4
- Parking features: 1 Space/Unit
- 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 | $3,332 | $39,984 |
| Home Insurance | $284 | $3,408 |
| Property Taxes | $1,018 | $12,216 |
| Electricity | $216 | $2,603 |
| Total | $4,850 | $58,200 |
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 |
|---|---|---|
| 2026-06-04 | Listed for sale | $659,000 |
| 2023-12-13 | Listing removed | -- |
| 2021-10-04 | Listing removed | $479,900 |
| 2021-05-20 | Sold | $479,900 |
| 2021-04-13 | Listed for sale | $479,900 |
| 2021-04-11 | Pending sale | $479,900 |
| 2021-04-02 | Listed for sale | $479,900 |
| 2021-04-01 | Sold | $408,000 |
| 2018-07-17 | Listing removed | $235,000 |
| 2018-07-11 | Listed for sale | $235,000 |
| 2004-02-10 | Sold | $135,500 |
| 2001-03-20 | Sold | $113,750 |
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