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Fully Upgraded 7-Unit Apartment Building
For Sale
$1,950,630

3038 N 38TH Street, Phoenix, AZ 85018

MULTI_FAMILY - Phoenix, AZ

Property SizeContact for details
Days on Market201

Property Features for 3038 N 38TH Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-3
Bedrooms 12
Full bathrooms 7
Rooms Bathroom 6, Bedroom 7, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 8, Bathroom 5, Bedroom 2, Bedroom 11, Bedroom 10, Bedroom 3, Bedroom 12, Bedroom 5, Bedroom 9, Bathroom 1, Bathroom 3, Bathroom 7, Bathroom 4, Bedroom 1
Appliances Built-In Range, Disposal, Dishwasher, Refrigerator
Subdivision CITRUS ACRES LOTS 1 THRU 20
Elementary school Monte Vista Elementary School
Middle school Monte Vista Elementary School
High school North High School
Elementary school district Creighton Elementary District
Middle school district Phoenix Union High School District
High school district Phoenix Union High School District
Directions North on 38th from Thomas road property on left
Standard status Active
APN 127-22-033-A

Taxes and HOA fees

Tax Year 2025
Tax Description CITRUS ACRES MCR 17-29 LOT 64 E2 N2 DAF BEG NE COR SD LOT TH S 66.91F W 151.05F N 66.92F E 151.06F T
Tax Annual Amount 2056
Legal Description CITRUS ACRES MCR 17-29 LOT 64 E2 N2 DAF BEG NE COR SD LOT TH S 66.91F W 151.05F N 66.92F E 151.06F T

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Ceiling Fan(s), Electric

Building Details

Year built 1964
Number of units 7
Flooring type Tile
Building materials Painted, Block
Roof type Composition
Listing Agency: Platinum Realty Group
Listed By: Gregory Yurkovic · License #BR579899000
Added: Feb 1 Changed: Aug 2 Last Checked: Aug 21 at 6:06PM
MLS# 6980315

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Fully upgraded 7-unit apartment building constructed in painted block, originally built in 1964. The property’s interiors have been renovated across all units with updated kitchens, baths, flooring, and contemporary finishes. Common in-unit features include tile flooring, forced-air heating, and electric cooling with ceiling fans.

Additional property details include a composition roof and public sewer service. Residential appliances noted for the units include built-in range, dishwasher, disposal, and refrigerator. The property is located at 3038 N 38TH Street in Phoenix, AZ 85018, and is described as being adjacent to the Arcadia and Midtown Phoenix corridors, with proximity to dining and shopping, employment centers, transit, and major freeways.

The building is positioned for investors seeking a smaller, boutique-style multifamily asset with modernized unit interiors under R-3 zoning.

Key Highlights

  • All units renovated with updated kitchens, baths, flooring, and contemporary finishes
  • 7‑unit apartment building
  • Zoned R‑3

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) Store Garden Center Butcher Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

892
Businesses Nearby

Demographics for 85018, AZ

37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - R-3 zoned, fully upgraded 7-unit multifamily with tile flooring, forced-air heating, and public sewer.
Where is this apartment building located?
The property is located at 3038 N 38TH Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,950,630.
What are key features of this property?
This property features: All units renovated with updated kitchens, baths, flooring, and contemporary finishes; 7‑unit apartment building; Zoned R‑3
More about this property
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