2102 W ADAMS Street, Phoenix, AZ 85009

$1,999,000
Property Type: Multiple Dwellings Bedrooms: 16 Baths: 16 Status: Active
Current Price: $1,999,000 Last Modified: 9/25/2026

Overview

Description

Downtown Phoenix 16-Unit Multifamily Complex consisting of nine buildings across six contiguous lots totaling approximately 36,400 SF. The property is R-3 zoned and features all 1BD/1BA units, currently generating $18,000+ in monthly gross rental income. All units have separate electric and gas meters, with utilities paid directly by tenants. The property is serviced by four water meters. The site offers a potential redevelopment opportunity while providing existing rental income.

Listing Details MLS# 7085334

Location, Tax & Legal

House Number
2102
Compass
W
Street Name
ADAMS
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85009
Zip4
5237
Country
US
County Code
Maricopa
Subdivision
CAPITOL ADDITION
Assessor Number
109-32-095
Tax Year
2025
Assessor's Map #
32
Legal Description (Abbrev)
CAPITOL
Assessor's Parcel #
95
Add'l Parcels
Yes
Tax Municipality
Phoenix
Census Tract
114402
Taxes
556
Legal
CAPITOL
Marketing Name
Adam St - 16 Units

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
36400
Year Built
1921
Uncvrd Parking Spcs
30
Total # of Units
16
# of Buildings
9
Zoning
R-3
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
21st Ave & Adams St

Legal Info

Township
1N
Range
2E
Section
12
Lot Number
24

1 Bedroom Units

# 1 Bedroom Units
16
Avg Rent
1144
Avg SqFt
488
# Baths
Yes

More Information

Structure

Bedrooms Total
16
Bathrooms Total
16

Income Expenses

Gross Annual Sch Inc
219600
Net Operating Income
187816

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes
Phone Call
Yes

Project Type

13 - 24 Units
Yes

Efficiency Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Block
Yes

Const - Finish

Brick Veneer
Yes
Other (See Remarks)
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Other
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
240
Annual Ins Exp
8000
Annual Maint Exp
8000
Annual Wtr/Swr Exp
8400
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
25196
Other Income
0
Vacancy Allowance
0.03
Adjusted Gross Inc
213012

Pmt & Rate Info

Cap Rate
9.4
Equity
1999000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

See Remarks
Yes

Cooling

See Remarks
Yes

Interior Features

Other (See Remarks)
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

See Remarks
Yes

Road Surface Type

Concrete
Yes
Gravel
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
See Remarks
Yes

Sewer

Sewer - Public
Yes
See Remarks
Yes

Parking Features

>1 Space Per Unit
Yes

Electric

APS
Yes
SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes
No Carry
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Brick Veneer; Other (See Remarks) Roofing: Composition Floors: Vinyl; Ceramic Tile; Other Sale Includes: Land & Building Community Features: No Pool Interior Features: Other (See Remarks) Appliances Included: See Remarks Heating: See Remarks Cooling: See Remarks Water Source: City Franchise; See Remarks Sewer: Sewer - Public; See Remarks Electric: APS; SRP Gas: SW Gas Parking Features: >1 Space Per Unit Road Surface Type: Gravel; Concrete Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Compass
Last Updated: September - 25 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.