2032 W ADAMS Street, Phoenix, AZ 85009 (MLS# 6978483)

2032 W ADAMS Street, Phoenix, AZ 85009

$493,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $493,000 Last Modified: 7/15/2026

Overview

Description

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.

Listing Details MLS# 6978483

Location, Tax & Legal

House Number: 2032
Compass: W
Street Name: ADAMS
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 5286
Country: US
County Code: Maricopa
Subdivision: CAPITOL ADDITION
Assessor Number: 109-31-068-A
Tax Year: 2025
Assessor's Map #: 31
Legal Description (Abbrev): CAPITOL MCR 2/13 LOT 17 & E 15F LOT 16 BLK 51
Assessor's Parcel #: 68
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114402
Taxes: 965
Legal: CAPITOL MCR 2/13 LOT 17 & E 15F LOT 16 BLK 51
Marketing Name: Adams Fourplex

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 70X100
Year Built: 1938
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 3
Zoning: R-3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 19th Ave & Adams St

Status Change Info

Off Market Date: 2026-06-15
Under Contract Date: 2026-06-12
Close of Escrow Date: 2026-07-15

Legal Info

Township: 1N
Range: 2E
Section: 12
Lot Number: 17

More Information

Income Expenses

Gross Annual Sch Inc: 50340
Net Operating Income: 36329

Showing Notification Methods

Showing Service: No Showing Service Used

Efficiency Units

# Efficiency Units: Yes
Avg Rent: 695
Avg SqFt: 200
# Baths: Yes

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 1095
Avg SqFt: 500
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg SqFt: 660
# Baths: Yes
Avg Rent: 0

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession to Buyer: 3
Seller Concession $/%: %
Buyer Concession to Seller: 0

Project Type

Four Plex: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Carpet: Yes
Other: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Ins Exp: 1823
Annual Mgmt Exp: 3918
Annual Wtr/Swr Exp: 4136
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 10842
Other Income: 2215
Vacancy Allowance: 0
Adjusted Gross Inc: 52555

Pmt & Rate Info

Cap Rate: 7.05
Down Payment: 0
Equity: 515000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Lockbox Type

See Private Remarks: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Natural Gas: Yes

Cooling

Evaporative Cooling: Yes
Electric: Yes
2 or More Units: Yes

Exterior Amenities

Desert Landscaping: Yes
Partially Fenced: Yes
Cable TV Available: Yes

Interior Features

Unfurnished: Yes

Tenant Pays

Electricity: Yes
Other (See Remarks): Yes

Appliances Included

Free-Standing Range: Yes

Road Surface Type

Dirt: Yes
Gravel: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes
Books Shwn Accpt Ofr: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Other: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Other: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
No Carry: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

Other (See Remarks): Yes

Existing Othr Ln Trm

Not Applicable: Yes

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted; Stucco Roofing: Composition Floors: Carpet; Other Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available Interior Features: Unfurnished Appliances Included: Free-Standing Range Heating: Natural Gas Cooling: Electric; Evaporative Cooling; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: APS Gas: SW Gas Parking Features: Other Road Surface Type: Gravel; Dirt Owner Pays: Water; Trash Collection; Other Tenant Pays: Electricity; Other (See Remarks) Source of Fincl Data: Owner; Projected Proforma; Books Shwn Accpt Ofr Lockbox Type: See Private Remarks Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional; No Carry Environmental: Other (See Remarks)

Listing Office: Matthews Real Estate Investment Services

Last Updated: July - 15 - 2026