3038 N 38TH Street A, Phoenix, AZ 85018 (MLS# 6980315)

3038 N 38TH Street A, Phoenix, AZ 85018

$1,950,630
Property Type: Multiple Dwellings Status: Active
Current Price: $1,950,630 Last Modified: 2/05/2026

Description

Rare opportunity to acquire a fully upgraded 7-unit multifamily property ideally located adjacent to the highly desirable Arcadia and Midtown Phoenix corridors. This boutique asset offers strong rental demand, modernized interiors, and excellent income potential. All units have been renovated with updated kitchens, baths, flooring, and contemporary finishes, creating a true turnkey investment. The property benefits from proximity to Arcadia Lite dining and shopping, Midtown employment centers, transit, and major freeways. Efficient unit mix, professional maintenance, and a high-demand location make this an ideal asset for investors seeking solid ROI and long-term appreciation. Opportunities like this are limited—don't miss it.

More Information MLS# 6980315

Contract Info

Current Price: $1,950,630 List Price: $1,950,630 Status: Active List Date: 2026-02-01 Ownership: Fee Simple

Location Tax Legal

House Number: 3038 Compass: N Street Name: 38TH St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85018 Zip4: 7021 County Code: Maricopa Subdivision: CITRUS ACRES LOTS 1 THRU 20 Assessor Number: 127-22-033-A Tax Year: 2025

General Property Description

Lot Size Dimensions: 150' x 68' Year Built: 1964 Uncvrd Parking Spcs: 7 Total # of Units: 7 # of Buildings: 1 Zoning: R-3 Elementary School District: Creighton Elementary District High School District: Phoenix Union High School District Elementary School: Monte Vista Elementary School Jr. High School: Monte Vista Elementary School High School: North High School

Remarks Misc

Cross Street: 38th street and Thomas rd Directions: North on 38th from Thomas road property on left Geo Lat: 33.483652 Geo Lon: -112.000202

Legal Info

Township: 2N Range: 3E Section: 25 Lot Number: 64

Income Expenses

Gross Annual Sch Inc: 116220 Net Operating Income: 108085

Showing Notification Methods

Showing Service: No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units: 2 Avg Rent: 1230 Avg SqFt: 550 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 5 Avg Rent: 1445 Avg SqFt: 900 # Baths: 1

Mobile Home Prk Info

Total Number Spaces: 14

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal Heating: Forced Air Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: 1 Space/Unit Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: None Tenant Pays: Water; Electricity Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Conventional New Financing: Cash; Conventional Environmental: None
Listing Office: Platinum Realty Group
Last Updated: February - 05 - 2026
3038 N 38TH Street A, Phoenix, AZ 85018- MLS# 6980315
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