$39K PRICE DROP
RENTED AUG 5, 2025
1245 E Adams St Phoenix, AZ 85034
Eastlake Park NeighborhoodEstimated payment $9,379/month
Total Views
4,916
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Ceramic Tile Flooring
- 4-minute walk to 12Th St/Washington
- Heat Pump System
- Phoenix Coding Academy Rated A
- Central Air
About This Home
Prime Downtown Phoenix 6-Unit Multi-Family Investment - Fully Renovated & Permitted through the City of Phoenix. Every unit has been meticulously updated from the ground up with all new electrical, plumbing, roofs, HVAC systems, and energy-efficient windows, offering peace of mind and modern functionality for years to come. Step inside to find stylish new kitchens featuring stainless steel appliances, custom cabinetry, and quartz countertops, as well as luxuriously updated bathrooms with contemporary finishes. Washer/Dryer's in units. Each unit combines comfort, style, and durability, perfect for attracting quality tenants or operating as a premium rental portfolio Situated on a large corner lot with potential for future subdividing or development, this property offers investors significant long-term upside. Location doesn't get better than thisjust steps to Roosevelt Row's restaurants, art galleries, and nightlife, Banner Medical Center, ASU & U of A Downtown Campuses, the Phoenix Financial District, Chase Field, Footprint Center, and all that downtown Phoenix has to offer.
Whether you're looking for a turnkey multi-family asset, a cash-flowing investment in a booming rental market, or future redevelopment potential, this property checks every box.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,508
Year Built
- Built in 1916
Home Design
- Foam Roof
- Block Exterior
Flooring
- Ceramic Tile
- Vinyl
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Schools
- Phoenix #1 Iacademy Elementary School
- Augustus H. Shaw Montessori Middle School
- North High School
Utilities
- Central Air
- Heat Pump System
- Master Water Meter
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 116-45-109-A
Community Details
Overview
- 3 Buildings
- 6 Units
- Building Dimensions are 12
- Collins Addition Phoenix Blocks 31 34 & 39 40 Subdivision
Building Details
- Operating Expense $1,508
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,508 | $11,276 | -- | -- |
| 2024 | $1,493 | $10,740 | -- | -- |
| 2023 | $1,493 | $52,750 | $10,550 | $42,200 |
| 2022 | $1,440 | $36,880 | $7,370 | $29,510 |
| 2021 | $1,429 | $32,360 | $6,470 | $25,890 |
| 2020 | $1,446 | $29,270 | $5,850 | $23,420 |
| 2019 | $1,444 | $20,830 | $4,160 | $16,670 |
| 2018 | $1,419 | $15,220 | $3,040 | $12,180 |
| 2017 | $1,386 | $14,330 | $2,860 | $11,470 |
| 2016 | $1,346 | $11,730 | $2,340 | $9,390 |
| 2015 | $1,246 | $11,220 | $2,240 | $8,980 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | Rented | $1,450 | 0.0% | -- |
| 07/09/2025 07/09/25 | Price Changed | $1,690,000 | 0.0% | -- |
| 07/01/2025 07/01/25 | For Rent | $1,450 | 0.0% | -- |
| 05/23/2025 05/23/25 | For Sale | $1,729,000 | +109.5% | -- |
| 10/11/2023 10/11/23 | Sold | $825,425 | -13.1% | -- |
| 09/18/2023 09/18/23 | Price Changed | $950,000 | 0.0% | -- |
| 09/18/2023 09/18/23 | For Sale | $950,000 | 0.0% | -- |
| 07/13/2023 07/13/23 | Pending | -- | -- | -- |
| 05/26/2023 05/26/23 | For Sale | $950,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $825,425 | Premier Title Agency | |
| Special Warranty Deed | $825,425 | Premier Title Agency | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $580,000 | New Conventional |
Source: Public Records
Similar Home in Phoenix, AZ
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6870735
APN: 116-45-109A
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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