2923 N 38TH Street, Phoenix, AZ 85018

$899,999
Property Type: Multiple Dwellings Status: Active
Current Price: $899,999 Last Modified: 6/11/2026

Overview

Description

Each unit offers updated kitchens and bathrooms, modern finishes, newer HVAC's, a re-coated roof in 2021, and an in-suite washer and dryer. Residents enjoy a walkable neighborhood just minutes from Arcadia Lite dining, the Camelback Corridor, and major employment centers, including Phoenix Children's Hospital. Flexible residential financing options are available for small multifamily properties. Reach out about oportunity to acquire up to 24 units in the immediate area, offering a rare assemblage opportunity in one of Phoenix's most desirable infill neighborhoods.

Listing Details MLS# 6995709

Location, Tax & Legal

House Number
2923
Compass
N
Street Name
38TH
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85018
Zip4
7024
Country
US
County Code
Maricopa
Subdivision
CITRUS ACRES LOTS 1 THRU 20
Assessor Number
127-21-009-C
Tax Year
2025
Assessor's Map #
21
Legal Description (Abbrev)
CITRUS ACRES LOT 83 E 50.5' OF W 159'
Assessor's Parcel #
9
Assessor Parcel Ltr
C
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
110902
Taxes
1654
Legal
CITRUS ACRES LOT 83 E 50.5' OF W 159'
Marketing Name
Citrus Acres Fourplex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
Unknown
Year Built
1964
Total # of Units
4
# of Buildings
Yes
Zoning
R-4
Elementary School District
Creighton Elementary District
High School District
Phoenix Union High School District
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
38th St & Thomas

Legal Info

Township
2N
Range
3E
Section
25
Lot Number
83

Income Expenses

Gross Annual Sch Inc
75114.83
Net Operating Income
55737.57

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
1534.7
Avg SqFt
600
# Baths
2

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1605
Avg SqFt
900
# Baths
2

Project Type

Four Plex
Yes
13 - 24 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Laminate
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
825.38
Annual Gas Exp
318.15
Annual Ins Exp
1876
Annual Landscape Exp
1654
Annual Maint Exp
5119.14
Annual Mgmt Exp
4081.9
Annual Trash Exp
2006.99
Annual Wtr/Swr Exp
2224.02
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
19759.58
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
75114.83

Pmt & Rate Info

Cap Rate
6.19
Equity
899999
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Combo
Yes

Community Features

See Remarks
Yes

Heating

Forced Air
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Exterior Amenities

Desert Landscaping
Yes
Patio/Balcony
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Free-Standing Electric Oven
Yes
Microwave
Yes
Refrigerator
Yes
Washer/Dryer
Yes
W/D Hookup
Yes

Road Access Type

Private Road
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
1 Space/Unit
Yes
Paved
Yes
Off Street
Yes

Electric

APS
Yes

Gas

City Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Gas
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex; 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Laminate Sale Includes: Land & Building Community Features: See Remarks Exterior Amenities: Desert Landscaping; Patio/Balcony Interior Features: Unfurnished Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup Heating: Forced Air Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: City Gas Parking Features: 1 Space/Unit; Free; Paved; Off Street Road Access Type: Private Road Road Surface Type: Asphalt Owner Pays: Water; Gas; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Combo New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Orion Investment Real Estate
Last Updated: June - 11 - 2026
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