2102 W ADAMS Street, Phoenix, AZ 85009, Phoenix AZ 85009
Downtown Phoenix 16-Unit Multifamily Complex consisting of nine buildings across six contiguous lots totaling approximately 36,400 SF. The property is R-3 zoned and features all 1BD/1BA units, currently generating $18,000+ in monthly gross rental income. All units have separate electric and gas meters, with utilities paid directly by tenants. The property is serviced by four water meters. The site offers a potential redevelopment opportunity while providing existing rental income.
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 five-or-more-bedroom homes in Phoenix. Its asking price falls near the 81st percentile of that active group. The comparison uses 698 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 $340,500, and the median is $286 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 |
|---|---|---|---|---|
| 2032 W ADAMS Street, Phoenix, AZ 85009 | Jul 15, 2026 | 5 bd | $493,000 | 0.1 mi |
| 2137 W WASHINGTON Street, Phoenix, AZ 85009 | Aug 7, 2026 | 2 bd · 993 sqft | $185,000 | 0.1 mi |
| 2221 W WASHINGTON Street, Phoenix, AZ 85009 | Jul 22, 2026 | 4 bd · 1,785 sqft | $395,000 | 0.2 mi |
| 317 N 20TH Avenue, Phoenix, AZ 85009 | Aug 10, 2026 | 3 bd · 1,048 sqft | $346,000 | 0.2 mi |
| 2302 W MONROE Street, Phoenix, AZ 85009 | Jul 15, 2026 | 3 bd · 1,139 sqft | $360,000 | 0.3 mi |
| 2212 W MADISON Street, Phoenix, AZ 85009 | Jun 25, 2026 | 3 bd · 1,000 sqft | $335,000 | 0.3 mi |
| 2306 W Jefferson Street, Phoenix, AZ 85009 | Aug 7, 2026 | 2 bd · 800 sqft | $200,000 | 0.3 mi |
| 429 N 20TH Avenue, Phoenix, AZ 85009 | Jul 22, 2026 | 3 bd · 873 sqft | $250,000 | 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.
- $1,999,000 · Active
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