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$659,000
Phoenix, AZ 85034
MLS# 7033470
1 / 1
Property Description
An exceptional investment opportunity in the heart of Downtown Phoenix -- two 4-unit buildings offering a rare chance to own 8 total units with conventional financing eligibility. Ideally located within walking distance to Chase Field, the Footprint Center, ASU Downtown Campus, University of Arizona College of Medicine, Banner Health, and the vibrant restaurants, coffee shops, art galleries, and nightlife of Roosevelt Row.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $659,000
List Price: $659,000
Status: Active
List Date: 2026-05-26
Location, Tax & Legal
Assessor's Map #: 46
Legal Description (Abbrev): COLLINS
Assessor's Parcel #: 103
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114000
Taxes: 980
Legal: COLLINS
Marketing Name: DOWNTOWN PHOENIX
House Number: 1529
Compass: E
Street Name: ADAMS
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85034
Zip4: 1142
Country: US
County Code: Maricopa
Subdivision: COLLINS ADDITION PHOENIX BLOCKS 31-34 39-40
Assessor Number: 116-46-103
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: IRR
Flood Zone: No
Total # of Units: 4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Phoenix #1 iAcademy
Jr. High School: Phoenix #1 iAcademy
High School: North High School
Year Built: 1983
Zoning: R-5
Legal Info
Range: 3E
Section: 9
Township: 1N
Lot Number: 5
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Rolled: 1
Floors
Laminate: 1
Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 980
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 45201
Pmt & Rate Info
Equity: 659000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Exterior Amenities
Desert Landscaping: 1
Interior Features
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Other: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Conventional: 1
Reports/Disclosures
None: 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1070
Avg SqFt: 465
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 15TH ST & WASHINGTON
Geo Lat: 33.449151
Geo Lon: -112.048568
Income Expenses
Gross Annual Sch Inc: 47580
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Rolled
Floors: Laminate; Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Interior Features: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Refrigerator
Heating: Natural Gas
Cooling: Ceiling Fan(s)
Water Source: Other
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: 1 Space/Unit
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Cash; Conventional
Environmental: Other (See Remarks)
Supplements
All units are currently occupied, providing immediate income potential, and have been nicely updated with additional upside for future improvements and increased rents. Each residence offers its own private patio or yard space, creating an attractive living experience for tenants, along with ample on-site parking.
Positioned in one of Phoenix's fastest-growing urban corridors, this property combines location, flexibility, and long-term investment potential. Whether you are looking to expand your portfolio or secure a prime multi-family asset in Downtown Phoenix, this is an opportunity not to miss
Listing Office: SRL Group
Last Updated: June - 04 - 2026
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