16-Unit Apartment
New
For Sale
$2,250,000
1930-1938 E Adams Street, Phoenix, AZ 85034
The property has received roof, electrical, and plumbing updates, with unit renovations completed as vacancies arise.
Property SizeContact for details
Days on Market6
Property Features for 1930-1938 E Adams Street
General Information
Standard status
Active
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Central City
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$4,960
Building Details
Year Built
1956
Listing Agency:
Orion Investment Real Estate
Listed By:
Colt Siler · License #SA691810000
(623) 533-1746
Source:
Alexiabertsatos
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 30 at 10:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Orion Investment Real Estate
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Investment Insights
Based on property information with market context.
This 16-unit apartment community was built in 1956 and was previously arranged as 17 units. A storage room occupies the former studio space and could be returned to residential use. Capital work includes roof replacements, electrical panel upgrades, and substantial plumbing improvements. Individual apartments have been renovated as they turn over.
Ownership has remained consistent since 2012, and a majority of residents are long-term tenants paying below-market rents. Potential income gains may come from further unit renovations, rent adjustments, and restoring the former studio configuration.
Ownership has remained consistent since 2012, and a majority of residents are long-term tenants paying below-market rents. Potential income gains may come from further unit renovations, rent adjustments, and restoring the former studio configuration.
Key Highlights
- 16 apartment units; previously configured as 17
- Storage room could be converted back to a studio
- Roof replacements, electrical panel updates, and extensive plumbing work
Property Analytics
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
Explore this area
Business Placement
Demographics for 85034, AZ
5,033
Population
2,901
Households
1.7
Avg Household Size
32
Median Age
32%
College-Educated
81%
High-School Grad
11.6 sq mi
ZIP Area
434
Density / Sq Mi
$53,545
Median Household Income
$43,236
Median Earnings
$1,205
Median Rent
$397,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property has received roof, electrical, and plumbing updates, with unit renovations completed as vacancies arise.
Where is this apartment building located?
The property is located at 1930-1938 E Adams Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 16 apartment units; previously configured as 17; Storage room could be converted back to a studio; Roof replacements, electrical panel updates, and extensive plumbing work
