3038 N 38TH Street # A Phoenix, AZ ^$ 1,950,630

3038 N 38TH Street # A

^$ 1,950,630

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3038 N 38TH Street # A

Phoenix, AZ, 85018

^$ 1,950,630

Studio Baths0.0

Monthly Estimate*

^$ 12,010

3038 N 38TH Street # A, Phoenix, AZ 85018 - Image 1

3038 N 38TH Street # A, Phoenix, AZ 85018 - Image 2

3038 N 38TH Street # A, Phoenix, AZ 85018 - Image 3

3038 N 38TH Street # A, Phoenix, AZ 85018 - Image 4

3038 N 38TH Street # A, Phoenix, AZ 85018 - Image 5

3038 N 38TH Street # A, Phoenix, AZ 85018 - Image 6

3038 N 38TH Street # A, Phoenix, AZ 85018 - Image 7

3038 N 38TH Street # A, Phoenix, AZ 85018 - Image 8

3038 N 38TH Street # A, Phoenix, AZ 85018 - Image 9

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,950,630. This home was built in 1964.

Rare opportunity to acquire a fully upgraded 7-unit multifamily property ideally located adjacent to the highly desirable Arcadia and Midtown Phoenix corridors. This boutique asset offers strong rental demand, modernized interiors, and excellent income potential. All units have been renovated with updated kitchens, baths, flooring, and contemporary finishes, creating a true turnkey investment. The property benefits from proximity to Arcadia Lite dining and shopping, Midtown employment centers, transit, and major freeways. Efficient unit mix, professional maintenance, and a high-demand location make this an ideal asset for investors seeking solid ROI and long-term appreciation. Opportunities like this are limited—don't miss it.

Multi-Family Active

Price

^$ 1,950,630

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,056

Style

Multiple Dwellings

Year Built

1964

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6980315

Features

General

Sewer Public Sewer

Heating Forced Air

Cooling Ceiling Fan(s) Electric

Roof Composition

Zoning R-3

Construction Materials Painted Block

Year Built 1964

Electric APS

Township 2N

Unit Number A

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 110409.0

Community Features No Pool

County Maricopa

Net Operating Income 108085.0

Operating Expense 2056.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name CITRUS ACRES LOTS 1 THRU 20

Garage Y/N N

Status Active

Directions North on 38th from Thomas road property on left

High School North High School

City Phoenix

Disclosures Seller Prop Disc Stm

High School District Phoenix Union High School District

Open Parking Spaces 7.0

Number Of Units Total 7

Carport Y/N N

Elementary School Monte Vista Elementary School

Tax Annual Amount 2056.0

Middle/Junior High School Monte Vista Elementary School

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://tour.giraffe360.com/599982204fef4873907e1cdf66c7f183

Standard Status Active

Occupancy Type Tenant

Elementary School District Creighton Elementary District

Tax Lot 64

Cap Rate 5.54

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Tile

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features 1 Space/Unit

Water Source City Franchise

Total Parking 14.0

Number of Buildings 1

Spa N

Lot Dimensions 150' x 68'

Road Surface Type Asphalt

Covered Spaces 7.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 3038

* Excluded Features

List By

Platinum Realty Group

Broker

greg@platinumaz.com

Affordability Calculator

$12,182

Per Month

Monthly Principal & Interest: $12,010
Monthly Property Taxes: $171
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,343,088

Percent of Sale Price 31%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327204 Elementary School

4327204 Middle School

North High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/6/2026	$1,950,630		Listed Price

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3038 N 38TH Street # A, Phoenix, AZ, 85018 is a Multi-Family Home for sale at $1,950,630. 3038 N 38TH Street # A is a studio with 0.0 baths and was built in 1964. The property's zip code is 85018 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 2/6/2026.

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3038 N 38TH Street # A

Multi-Family Home for sale in Phoenix, AZ

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