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2102 W Adams St, Phoenix, AZ 85009

$1,999,000
  • 16

    bed

  • 16

    bath

Multi-family for sale 22 days
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About 2102 W Adams St

Property type Multi-family
Neighborhood
Year built 1921
HOA fee $0/month
Property 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.
Listed by
Listing Agent - Zachary Coty
Listing Office - Compass
Source: ARMLS mls logo
MLS#7085334 • last updated 3 weeks ago
Movoto checked ARMLS for data 10 minutes ago
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Overview
Cooling/AC See Remarks
Heating See Remarks
MLS # 7085334
Type Multiple Dwellings
Status Active
Property Tax 556
Year Built 1921
Interior
Total # of Bathrooms 16
Total # of Bedrooms 16
Flooring Other, Ceramic Tile, Vinyl
Appliances See Remarks
Exterior
Roof Composition
Construction Brick Veneer, Block
Parking >1 Space Per Unit
# of Open Parking Spaces 30
Amenities / Utilities
Water Source See Remarks, City Franchise
Sewer/Septic Public Sewer, See Remarks
Location
Subdivision CAPITOL ADDITION
Community Features No Pool
Elementary School District Phoenix Elementary District
High School District Phoenix Union High School District
APN 109-32-095
Zoning R-3
Multifamily Details
Total # of Units 16
Expense: Operating 25196
Financial Data Source Owner
Expense: Maintenance 8000
Vacancy Allowance 0.03
Expense: Insurance 8000
Net Operating Income 187816
Gross Income 213012
Expense: Electric 240
Expense: Water/Sewer 8400
Gross Scheduled Income 219600
Lot/ Land Details
Road Surface Concrete, Gravel
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3/10
Mary Mcleod Bethune School
public Grades PK, K-8
Phoenix Elementary District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
3/10
Central High School
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • 85009
  • 2102 W Adams St

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