2032 W ADAMS Street Phoenix, AZ ^$ 550,000

2032 W ADAMS Street

^$ 550,000

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2032 W ADAMS Street

Phoenix, AZ, 85009

^$ 550,000

Studio Baths0.0

Monthly Estimate*

^$ 3,386

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $550,000. This home was built in 1938.

Matthews™ is pleased to present 2032 W Adams St, a four-unit apartment community located near Downtown Phoenix. Originally constructed in 1938, the property features a mix of studio, one-bedroom, and two-bedroom units, two of which are currently occupied. Current ownership has made upgrades to each of the unit interiors to various levels, including kitchens, bathrooms, in-unit electrical panels, and plumbing. Future ownership will have the opportunity to capture additional value-add upside through continued interior and exterior renovations. The property sits just outside of Downtown Phoenix, with easy proximity to Downtown government buildings, employment centers, and freeway access.. Great opportunity for either an investor or owner-occupant.

Multi-Family Active

Price

^$ 550,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 965

Style

Multiple Dwellings

Year Built

1938

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6978483

Features

General

Sewer Sewer-In & Connected Public Sewer

Heating Electric Natural Gas

Cooling Evaporative Cooling Electric 2 or More Units

Roof Composition

Zoning R-3

Construction Materials Painted Stucco Block

Year Built 1938

Electric APS

Township 1N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 52555.0

Community Features No Pool

County Maricopa

Net Operating Income 36329.0

Operating Expense 10842.0

Insurance Expense 1823.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name CAPITOL ADDITION

Garage Y/N N

Status Active

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 4.0

Number Of Units Total 4

Carport Y/N N

Tax Annual Amount 965.0

Water Sewer Expense 4136.0

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 Phoenix Elementary District

Tax Lot 17

Cap Rate 6.61

New Financing: Conventional True

Senior Community N

Interior

Flooring Other Carpet

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Other

Water Source City Franchise

Total Parking 4.0

Number of Buildings 3

Spa N

Lot Dimensions 70X100

Road Surface Type Dirt Gravel

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 2032

* Excluded Features

List By

Matthews Real Estate Investment Services

Broker

brad.skenderian@matthews.com

Affordability Calculator

$3,467

Per Month

Monthly Principal & Interest: $3,386
Monthly Property Taxes: $80
Monthly Home Insurance: --

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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 ^$1,349,732

Percent of Sale Price 145%

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
2/3/2026	$550,000		Listed Price

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2032 W ADAMS Street, Phoenix, AZ, 85009 is a Multi-Family Home for sale at $550,000. 2032 W ADAMS Street is a studio with 0.0 baths and was built in 1938. The property's zip code is 85009 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 2/3/2026.

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2032 W ADAMS Street

Multi-Family Home for sale in Phoenix, AZ

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