2923 N 38TH Street Phoenix, AZ ^$ 949,900

2923 N 38TH Street

^$ 949,900

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2923 N 38TH Street

Phoenix, AZ, 85018

^$ 949,900

Studio Baths0.0

Monthly Estimate*

^$ 5,849

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $949,900. This home was built in 1964.

Each unit offers updated kitchens and bathrooms, modern finishes, newer HVAC's, a re-coated roof in 2021, and an in-suite washer and dryer. Residents enjoy a walkable neighborhood just minutes from Arcadia Lite dining, the Camelback Corridor, and major employment centers, including Phoenix Children's Hospital. Flexible residential financing options are available for small multifamily properties. Reach out about oportunity to acquire up to 24 units in the immediate area, offering a rare assemblage opportunity in one of Phoenix's most desirable infill neighborhoods.

Multi-Family Active

Price

^$ 949,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,654

Style

Multiple Dwellings

Year Built

1964

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6995709

Features

General

Sewer Public Sewer

Heating Forced Air

Cooling Central Air Ceiling Fan(s)

Roof Composition

Zoning R-4

Construction Materials Painted Block

Year Built 1964

Electric APS

Township 2N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 75114.83

Community Features See Remarks

County Maricopa

Net Operating Income 55737.57

Operating Expense 19759.58

Insurance Expense 1876.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

MaintenanceExpense 5119.14

Subdivision Name CITRUS ACRES LOTS 1 THRU 20

Garage Y/N N

Status Active

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 0.0

Number Of Units Total 4

Carport Y/N N

Tax Annual Amount 1654.0

Electric Expense 825.38

Fuel Expense 318.15

Trash Expense 2006.99

Water Sewer Expense 2224.02

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Elementary School District Creighton Elementary District

Tax Lot 83

Cap Rate 5.87

New Financing: Conventional True

Senior Community N

New Financing: FHA True

New Financing: Cash True

New Financing: VA True

Interior

Flooring Laminate

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Off Street Paved Free 1 Space/Unit

Water Source City Franchise

Total Parking 4.0

Number of Buildings 1

Spa N

Lot Dimensions Unknown

Road Surface Type Asphalt

Covered Spaces 4.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 2923

* Excluded Features

List By

Orion Investment Real Estate

Broker

cody.leslie@orionprop.com

Affordability Calculator

$5,987

Per Month

Monthly Principal & Interest: $5,849
Monthly Property Taxes: $138
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 ^$1,217,317

Percent of Sale Price 28%

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.

4327165 Elementary School

4327058 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/9/2026	$949,900		Listed Price

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2923 N 38TH Street, Phoenix, AZ, 85018 is a Multi-Family Home for sale at $949,900. 2923 N 38TH Street 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 3/10/2026.

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2923 N 38TH Street

Multi-Family Home for sale in Phoenix, AZ

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