1438 E ADAMS Street, Phoenix, AZ 85034, Phoenix AZ 85034
Excellent four-unit multifamily investment property in the Phoenix metro area, minutes from Downtown Phoenix and the Sports Center. Updated in 2022, this well-maintained complex offers strong cash-flow potential with estimated annual income of approximately $50,000. Features include four spacious units with separate bedrooms (no studios), tile flooring throughout, in-unit laundry, and all appliances included, including refrigerators, washers, and dryers. Each unit has dedicated storage and assigned parking. Additional highlights include security doors and windows, privacy fencing, no HOA, Phoe
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is grouped with the current 4-bedroom homes in Phoenix. Its asking price falls near the 80th percentile of that active group. The comparison uses 1,631 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $475,250, and the median is $367 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 1426 E WASHINGTON Street 19 & 20, Phoenix, AZ 85034 | May 1, 2026 | — | $400,000 | 0.1 mi |
| 1417-1421 E WASHINGTON Street, Phoenix, AZ 85034 | Jul 3, 2026 | — · 5,630 sqft | $975,000 | 0.1 mi |
| 1630 E ADAMS Street, Phoenix, AZ 85034 | Aug 3, 2026 | 2 bd · 728 sqft | $289,900 | 0.2 mi |
| 1341 E Polk Street, Phoenix, AZ 85006 | Jun 25, 2026 | 15 bd | $1,750,000 | 0.2 mi |
| 1438 E Jackson Street, Phoenix, AZ 85034 | Aug 1, 2026 | — | $46,750 | 0.3 mi |
| 377 N 15TH Street, Phoenix, AZ 85006 | Sep 21, 2026 | 8 bd | $550,000 | 0.3 mi |
| 414 N 13TH Place, Phoenix, AZ 85006 | Aug 18, 2026 | 3 bd · 1,213 sqft | $445,500 | 0.3 mi |
| 329 N 17TH Drive, Phoenix, AZ 85007 | Jun 25, 2026 | 4 bd | $505,000 | 0.4 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $999,000 · Active
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Similar active homes in Phoenix
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