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$999,000

  • For Sale
  • Active
  • Multi-Family
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Excellent four-unit multifamily investment property in the Phoenix metro area, minutes from Downtown Phoenix and the Sports Center. Updated in 2022, this well-maintained complex offers strong cash-flow potential with estimated annual income of approximately $50,000. Features include four spacious units with separate bedrooms (no studios), tile flooring throughout, in-unit laundry, and all appliances included, including refrigerators, washers, and dryers. Each unit has dedicated storage and assigned parking. Additional highlights include security doors and windows, privacy fencing, no HOA, Phoenix city tax municipality, and eligibility for subsidized housing programs. A low-maintenance, turnkey investment opportunity in a desirable location.

Full Property Details for 1438 E Adams St

General

  • Price: $999,000
  • Taxes: $1,294 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7044182
  • Updated: 6/19/2026
  • Added to Site: 22 day(s) ago

Interior

  • Appliances: Free-Standing Range, Disposal, Refrigerator, Free-Standing Electric Oven, Built-In Electric Oven, Microwave, Washer/Dryer, Washer and Dryer Hookups
  • Flooring: Laminate

Exterior

  • Exterior Features: Sidewalk(s)

Parking

  • Parking Features: Off Street, RV Access/Parking, Paved, 1 Space/Unit, On Street, Boat

Location

  • County: Maricopa
  • Township: 1N
  • Subdivision: COLLINS ADDITION PHOENIX BLOCKS 31-34 39-40
  • Cross Streets: Jefferson & 15th St

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Forced Air, Electric

Utilities

  • Water: Master Meter, City Franchise

Structural Information

  • # Buildings: 1
  • Exterior Const.: Wood Siding, Wood Frame, Painted
  • Roof: Composition
  • Year Built: 1983

Lot Features

  • Lot Dimensions: 0.161 acres / 7, 000 sqft
  • Frontage: Asphalt
  • Zoning: Multiple Family

Financial Considerations

  • Tax Amount: $1,294
  • Tax Year: 2025
  • Terms: Owner May Carry, Conventional, 1031 Exchange, Lease Option, Lease Purchase
  • Owner Pays: Trash Collection, Water, Sewer, Landscaping

Disclosures and Reports

  • Legal Description: COLLINS
  • Property ID: 116-46-068
  • Range: 3E
  • Section: 9
  • Lot Number: 22

Listed by AH Properties

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Listing agents

— 1438 E Adams St —

  • AH Properties

  • AH Properties

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1438 E Adams St

School Districts:Phoenix Elementary District, Phoenix Union High School District
NameGradesDistance
Garfield School
811 North 13th Street, Phoenix, AZ 85006
PK-80.5 mi
North High School
1101 East Thomas Road, Phoenix, AZ 85014
9-122.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1438 E Adams St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/19/2026
Listed
$999,000
10.88%
MLS
5/09/2023
Sold
$900,990
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1438 E Adams St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,294
—
$9,108
-85%
2025
$1,294
7%
$59,610
5%
2023
$1,206
4%
$56,630
41%
2022
$1,163
—
$40,030
43%
2022
$1,163
1%
$28,010
19%
2021
$1,155
-1%
$23,460
7%
2020
$1,168
—
$21,900
39%
2019
$1,166
2%
$15,730
24%
2018
$1,146
2%
$12,720
9%
2017
$1,119
3%
$11,650
21%
2016
$1,087
8%
$9,660
10%
2015
$1,006
-3%
$8,800
13%
2014
$1,034
23%
$7,770
48%
2013
$841
—
$5,260
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1438 E Adams Street, Phoenix, AZ 85034 (MLS# 7044182) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1438 E Adams Street is currently listed for $999,000 and was received on June 19, 2026. Want to learn more about 1438 E Adams Street? Do you have questions about finding other Multi-Family real estate for sale in Central City? You can browse all Central City real estate or contact a Coldwell Banker agent to request more information.

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