2121 W Adams Street, Phoenix, AZ 85009
$4,550,000
Property Type: Multiple Dwellings Bedrooms: 40 Baths: 40 Status: Active
Current Price: $4,550,000 Last Modified: 8/21/2026
Overview
Listing Details MLS# 7069727
Location, Tax & Legal
- House Number
- 2121
- Compass
- W
- Street Name
- Adams
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85009
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 109-32-135
- Tax Year
- 2025
- Assessor's Map #
- 32
- Assessor's Parcel #
- 135
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Taxes
- 17156
- Legal
- LT 1 ADAMS 21 MCR 1563-50 AKA LTS 2,3,4,5,6 and 7 BLK 47 CAPITOL ADDITION MCR 02-13
- Marketing Name
- Adams Place
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 42,042 sq ft.
- Year Built
- 2025
- Uncvrd Parking Spcs
- 38
- Total # of Units
- 20
- # of Buildings
- 2
- Zoning
- R-3
Legal Info
- Lot Number
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 20
- Avg Rent
- 1500
- Avg SqFt
- 864
- # Baths
- 2
More Information
Structure
- Bedrooms Total
- 40
- Bathrooms Total
- 40
Income Expenses
- Gross Annual Sch Inc
- 360000
- Net Operating Income
- 253623
Showing Notification Methods
- Showing Service
- No Showing Service Used
- Text
- Yes
- Yes
- Phone Call
- Yes
Project Type
- 13 - 24 Units
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Construction
- Wood Frame
- Yes
Const - Finish
- Stucco
- Yes
Roofing
- Foam
- Yes
Floors
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 16000
- Annual Ins Exp
- 9000
- Annual Landscape Exp
- 5000
- Annual Legal & Acctg
- 3000
- Annual Maint Exp
- 18000
- Annual Mgmt Exp
- 15987
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual Rplcmnt Rsrvs
- 5000
- Operating Exp
- 89143
- Other Income
- 16680
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 357846
Pmt & Rate Info
- Cap Rate
- 5.57
- Equity
- 4550000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Individual
- Yes
Cooling
- Electric
- Yes
- Individual
- 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 Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- >1 Space Per Unit
- Yes
Electric
- APS
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- No Carry
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Property Features
Project Type: 13 - 24 Units Construction: Wood Frame Const - Finish: Stucco Roofing: Foam Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup Heating: Individual Cooling: Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Conventional; No Carry Environmental: None
Listing Office: Marcus & Millichap
Last Updated: August - 21 - 2026
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