1930-1938 E Adams Street, Phoenix AZ 85034
$2,250,000
Brokerage: Ivy Realty(623) 299-4954
1 / 29Home facts
- Price
- $2,250,000
- Status
- Active
- Beds
- 22
- Baths
- 16
- Year built
- 1956
- Type
- F
- Pool
- No
- Water
- City Franchise
- Sewer
- Sewer - Public
- MLS #
- 7098707
Listed by Orion Investment Real Estate · 480-634-6934
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
Adams Street Apartments is a 16-unit apartment community offering immediate value-add potential. Originally configured as 17 units, the property includes a storage room that could be converted back into a studio unit, creating an opportunity for additional rental income. Owned and operated by the same ownership since 2012, the property has benefited from consistent capital improvements, including new roofs, ongoing electrical panel replacements and extensive plumbing updates. Units have also been renovated incrementally as they become vacant. With a majority of long-term tenants paying below-market rents, the property offers investors multiple opportunities to increase income through continued renovations, loss to lease recovery and the restoration of the 17th unit.
Features
Roof
Composition
Sewer
Sewer - Public
Cooling
Ceiling Fan(s), Electric
Heating
Ceiling
Electric
SRP
Flooring
Wood, Concrete
WaterSource
City Franchise
ParkingFeatures
>1 Space Per Unit
CommunityFeatures
No Pool
ConstructionMaterials
Painted, Block
Map
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 1433 E GARFIELD Street | Aug 4, 2026 | $400,000 | 4/2 | 1,802 | Locality Real Estate |
| 1630 E ADAMS Street | Aug 2, 2026 | $289,900 | 2/1 | 728 | eXp Realty |
| 1010 N 18TH Street | Jul 14, 2026 | $250,000 | 2/2 | 1,264 | Gentry Real Estate |
| 2321 E ROOSEVELT Street | Jun 17, 2026 | $270,000 | 2/1 | 951 | International Real Estate Professionals, LLC |
| 2159 E MCKINLEY Street | Jun 15, 2026 | $260,000 | 3/2 | 1,258 | A.Z. & Associates |
| 2245 E PORTLAND Street | Apr 28, 2026 | $325,000 | 3/2 | 1,117 | My Home Group Real Estate |
Source: ARMLS IDX via Ivy Realty, updated Oct 26, 1:13 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).