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$900,000
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Property Description
FULLY REMODELED UNITS! This multi-family property presents a strong, turnkey investment opportunity with immediate and reliable cash flow. The asset consists of four units, including two 2 bedroom 2 bath units and two 1 bedroom 1 bath units, offering a desirable unit mix that attracts a broad tenant base. Each unit has been thoughtfully upgraded with modern finishes, minimizing near term capital expenditures and reducing ongoing maintenance concerns. The 2 bedroom units average approximately 850 square feet, while the 1 bedroom units offer around 700 square feet, providing efficient and highly rentable layouts. The property delivers excellent income performance, with all units renting at 1,200 per month, creating consistent and predictable revenue. This makes it an ideal opportunity investors seeking stable cash flow, strong rental demand, and a low maintenance asset. With its combination of renovations, solid in place rents, and appealing unit mix, this property is well positioned for long term appreciation and continued income growth.
Full Property Details
Full Property Details for 2925 N 38th St
General
- Price: $900,000
- Taxes: $1,654 (2025)
- Status: Active
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7013792
- Updated: 4/28/2026
- Added to Site: 43 day(s) ago
Interior
- Appliances: Dishwasher, Refrigerator, Microwave
- Flooring: Laminate
Parking
- Parking Features: Paved, Free, Add'l Parking Avail, >1 Space Per Unit
Location
- County: Maricopa
- Township: 2N
- Subdivision: CITRUS ACRES LOTS 1 THRU 20
- Cross Streets: Thomas & 38th St
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Painted, Stucco, Block
- Roof: Foam
- Year Built: 1964
Unit Information
- Vacancy %: .5
Lot Features
- Lot Dimensions: irr
- Frontage: Asphalt
- Zoning: multi
Financial Considerations
- Tax Amount: $1,654
- Tax Year: 2025
- Terms: Conventional, FHA, VA Loan
- Owner Pays: Trash Collection, Landscaping
Disclosures and Reports
- Multiple Parcels: Yes
- Legal Description: CITRUS ACRES LOT 83 E 50.5' OF W 209.5'
- Property ID: 127-21-008-C
- Range: 3E
- Section: 25
- Lot Number: 83
Listed by Keller Williams Integrity First
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Schools
Schools serving 2925 N 38th St
School Districts:Creighton Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Monte Vista Elementary School 3501 East Osborn Road, Phoenix, AZ 85018 | K-8 | 0.5 mi |
Camelback High School 4612 North 28th Street, Phoenix, AZ 85016 | 9-12 | 2.2 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 2925 N 38th St
Date
Details
Price
Change
Source
4/14/2026
Listed
$900,000
900%
MLS
4/05/2010
Sold
$90,000
—
Public Record
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
Tax History for 2925 N 38th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,654
4%
$78,380
15%
2024
$1,592
5%
$67,980
-15%
2022
$1,511
—
$80,000
42%
2022
$1,511
—
$56,300
36%
2022
$1,511
-2%
$41,320
11%
2021
$1,548
2%
$37,130
20%
2020
$1,511
1%
$30,970
23%
2019
$1,500
2%
$25,150
14%
2018
$1,469
4%
$22,060
5%
2017
$1,412
4%
$20,960
22%
2016
$1,358
8%
$17,230
13%
2015
$1,263
-1%
$15,310
18%
2014
$1,275
72%
$12,970
148%
2013
$741
—
$5,220
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2925 N 38th St
2925 N 38th Street, Phoenix, AZ 85018 (MLS# 7013792) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 2925 N 38th Street is currently listed for $900,000 and was received on April 14, 2026. Want to learn more about 2925 N 38th Street? Do you have questions about finding other Multi-Family real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

