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
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.