3038 N 38th St Unit A Phoenix, AZ 85018
Camelback East Village NeighborhoodEstimated payment $10,220/month
Highlights
- Cooling Available
- Phoenix Coding Academy Rated A
- Heating Available
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,056
Year Built
- Built in 1964
Home Design
- Composition Roof
- Block Exterior
Parking
- 14 Parking Spaces
- 7 Covered Spaces
Schools
- Monte Vista Elementary School
- North High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 64
- Assessor Parcel Number 127-22-033-A
Community Details
Overview
- 7 Units
- Building Dimensions are 150' x 68'
- Citrus Acres Lots 1 Thru 20 Subdivision
Building Details
- Operating Expense $2,056
- Gross Income $110,409
- Net Operating Income $108,085
Map
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 | $1,651 | $12,225 | -- | -- |
| 2024 | $1,571 | $11,643 | -- | -- |
| 2023 | $1,571 | $46,470 | $9,290 | $37,180 |
| 2022 | $1,509 | $34,330 | $6,860 | $27,470 |
| 2021 | $1,546 | $32,500 | $6,500 | $26,000 |
| 2020 | $1,508 | $27,750 | $5,550 | $22,200 |
| 2019 | $1,498 | $22,170 | $4,430 | $17,740 |
| 2018 | $1,467 | $19,270 | $3,850 | $15,420 |
| 2017 | $1,410 | $16,680 | $3,330 | $13,350 |
| 2016 | $1,356 | $13,870 | $2,770 | $11,100 |
| 2015 | $1,261 | $11,920 | $2,380 | $9,540 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/01/2026 02/01/26 | For Sale | $1,950,630 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6980315
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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Ask me questions while you tour the home.