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2925 N 38TH Street
Phoenix AZ 85018 US

$900,000

Active Listing ID 7013792
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$900,000

Active Listing ID 7013792
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2925 N 38TH Street FULLY REMODELED UNITS! This multi-family property presents a strong, turnkey investment opportunity with immediate and reliable cash flow. The asset consists of four units, including two 2 bedroom 2 bath units and two 1 bedroom 1 bath units, offering a desirable unit mix that attracts a broad tenant base. Each unit has been thoughtfully upgraded with modern finishes, minimizing near term capital expenditures and reducing ongoing maintenance concerns. The 2 bedroom units average approximately 850 square feet, while the 1 bedroom units offer around 700 square feet, providing efficient and highly rentable layouts. The property delivers excellent income performance, with all units renting at 1, 200 per month, creating consistent and predictable revenue. This makes it an ideal opportunity investors seeking stable cash flow, strong rental demand, and a low maintenance asset. With its combination of renovations, solid in place rents, and appealing unit mix, this property is well positioned for long term appreciation and continued income growth.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Floor Covering: Laminate
  • Roof Type: Foam
  • Heating Fuels: Forced Air
  • Additional Features
  • Pool

School Information

  • School
  • Monte Vista Elementary School(Elementary)
  • Monte Vista Elementary School(MiddleSchool)
  • Camelback High School(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 900000
  • unparsedaddress: 2925 N 38TH Street
  • postalcity: Phoenix
  • stateorprovince: AZ
  • country: US
  • postalcode: 85018
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 33.481347
  • longitude: -111.999155
  • listagentfullname: Heather Openshaw
  • listagentemail: heather@heatheropenshaw.com
  • listagentkey: 3yd-ARMLSAZ-hp065
  • listagentmlsid: hp065
  • listagentpreferredphone: 4804625939
  • listagentofficephone: 4804625939
  • listofficekey: 3yd-ARMLSAZ-kwif01
  • listofficemlsid: kwif01
  • disclaimer: Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: ARMLSAZ
  • yearbuilt: 1964
  • listingcontractdate: 2026-04-14
  • countyorparish: Maricopa
  • parcelnumber: 127-21-008-C
  • elementaryschool: Monte Vista Elementary School
  • highschool: Camelback High School
  • elementaryschooldistrict: Creighton Elementary District
  • middleorjuniorschooldistrict: Phoenix Union High School District
  • highschooldistrict: Phoenix Union High School District
  • appliances: Dishwasher, Refrigerator, Microwave
  • cooling: Central Air
  • constructionmaterials: Painted, Stucco, Block
  • flooring: Laminate
  • heating: Forced Air
  • numberofunitstotal: 10
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Foam
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • dock: False
  • poolprivateyn: True
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -111.99915, 33.481346
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Integrity First LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"heather@heatheropenshaw.com", "ListBrokerageCity":"Gilbert", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw208@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/ARMLSAZ/c5ababc3213521b80121354b37670074/20170217214250644.png", "ListBrokerageName":"Integrity First LLC", "ListBrokeragePhone":"(480) 854-2400", "ListBrokeragePostalCode":"85296", "ListBrokerageStateOrProvince":"AZ", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"830 S. Higley Rd", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"830 S Higley Rd ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"kwif01", "ListOfficeCity":"Gilbert", "ListOfficeCountry":"US", "ListOfficeEmail":"jimkellander@kw.com", "ListOfficePostalCode":"85296", "ListOfficeStateOrProvince":"AZ", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Phoenix, AZ", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/2925-N-38th-St-Apt-2_Phoenix_AZ_85018_M11674-93387?f=listhub&s=ARMLSAZ&m=7013792&c=rexren", "MLSModificationTimestamp":"2026-04-14 21:08:56", "Neighborhoods":[{"Description":null, "Name":"CITRUS ACRES LOTS 1 THRU 20"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1654, "TaxDescription":"CITRUS ACRES LOT 83 E 50.5' OF W 209.5'", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/14/2026 9:31:57 PM GMT
Source Updated Date: 4/15/2026 12:55:26 PM GMT

Courtesy of: Heather Openshaw, Keller Williams Integrity First, heather@heatheropenshaw.com

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.