2032 W Adams Street, Phoenix, AZ 85009

$493,000

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Sold Price
$493,000
List Price
$515,000
Closing Date
Jul 15, 2026
Days on Market
133
Status
CLOSED
MLS#
6978483
City
Phoenix
Subdivision
Capitol Addition
Year Built
1938

Property 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.

Additional Information

Community Features
No Pool
Construction
Block, Painted, Stucco
Cooling
Evaporative Cooling, Electric, 2 or More Units
Electric
APS
Flooring
Other
Heating
Electric, Natural Gas
New Financing
VA Loan, FHA, Conventional, No Carry, Cash
Parking Features
Other
Roofing
Composition
Sewer
Sewer-In & Connected
Subdivision
Capitol Addition
Taxes
$965
Tax Year
2025
Tenant Pays
Electricity, See Remarks
Units
4
Water
City Franchise
Zoning
R-3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Matthews Real Estate Investment Services. Selling Office: Coldwell Banker Realty.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.