2919 N 38th Street, Phoenix, AZ 85018
- $860,000
- List Price
- $860,000
- Status
- ACTIVE
- Price Change
- ▼ $5,000 1786091660
- Days on Market
- 110
- MLS#
- 7020560
- City
- Phoenix
- Year Built
- 1964
Property Description
2923 N 38th St is a fully renovated fourplex in Phoenix's highly desirable 85018 zip code near Arcadia Lite and the Camelback Corridor. This turnkey multifamily investment features updated units with modern kitchens, upgraded bathrooms, new flooring, and in-unit washer and dryer. Stabilized with strong rental income and long-term tenants, the property offers immediate cash flow. Ideal for investors or owner-occupants, this 4-unit property qualifies for residential financing. Located near top dining, shopping, and major employers including Phoenix Children's Hospital and Banner - University Medical Center Phoenix. Rare opportunity in a high-demand Phoenix rental market.
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Additional Information
- Taxes
- $1,688
- Net Operating Income
- $41,157
- Cap Rate
- 4.7
- Units
- 4
- Parking Features
- <1 Space Per Unit
- Construction
- Block, Painted
- Roofing
- Rolled/Hot Mop
- Cooling
- Central Air, Ceiling Fan(s)
- Heating
- Forced Air
- Zoning
- R-4
- Subdivision
- Citrus Acres Lots 1 Thru 20
- Community Features
- No Pool
- Electric
- SRP
- Water
- City Franchise
- Tenant Pays
- Electricity
- New Financing
- Cash to Loan, VA Loan, FHA, Wraparound, Conventional, 1031 Exchange, No Carry, Cash
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Listing courtesy of Orion Investment Real Estate.
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.