$900,000
- 17 Beds
- 10 Baths
- 4,800 sqft
2925 N 38TH Street, Phoenix, AZ 85018
Est. Mortgage $5,154/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1964
$188/sqft
4 Open Spaces
Local Information
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About this House
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.
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.
Last check for updates: about 6 hours ago
Listing courtesy of Heather Openshaw, (480) 462-5939
Keller Williams Integrity First Realty
Devan Statler, (816) 269-6883
Keller Williams Integrity First Realty
Source: ARMLS, MLS#7013792

Also Listed on ARMLS.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Home Details for 2925 N 38TH Street
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Beds & Baths Number of Bedrooms: 17Number of Bathrooms: 10 |
Dimensions and Layout Living Area: 4800 Square Feet |
Appliances & Utilities Appliances: Dishwasher, Refrigerator, MicrowaveDishwasherMicrowaveRefrigerator |
Heating & Cooling Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air |
Gas & Electric Electric: SRPHas Electric on Property |
Windows, Doors, Floors & Walls Flooring: Laminate |
Levels, Entrance, & Accessibility Floors: Laminate |
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Exterior Home Features Roof: FoamHas a Private Pool |
Parking & Garage Number of Covered Spaces: 6Open Parking Spaces: 4No CarportNo GarageHas Open ParkingParking Spaces: 10Parking: Paved,Free,Add'l Parking Avail,>1 Space Per Unit |
Pool Pool |
Frontage Road Surface Type: AsphaltNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Cumulative Days on Market: 132Days on Market: 150 |
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Year Built Year Built: 1964 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Painted, Stucco, Block |
Property Information Parcel Number: 12721008C |
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Price List Price: $900,000Price Per Sqft: $188 |
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MLS Status: Active |
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Direction & Address City: PhoenixCommunity: CITRUS ACRES LOTS 1 THRU 20 |
School Information Elementary School: Monte Vista Elementary SchoolElementary School District: Creighton Elementary DistrictJr High / Middle School: Monte Vista Elementary SchoolHigh School: Camelback High SchoolHigh School District: Phoenix Union High School District |
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Listing Agent Listing ID: 7013792 |
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Building Area Building Area: 4800 Square Feet |
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Community Features: Pool, No Pool |
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Listing Terms: Conventional, FHA, VA Loan |
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Business Information Ownership: Fee Simple |
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Owner Pays: Trash Collection, Landscaping |
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Mls Number: 7013792 |
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PoolNo Pool |
Around this home
What Locals Say about Camelback East
At least 1117 Trulia users voted on each feature.
89 % Say it's dog friendly
82 % Say car is needed
77 % Say there are sidewalks
75 % Say parking is easy
73 % Say it's walkable to restaurants
70 % Say there's holiday spirit
65 % Say yards are well-kept
62 % Say it's quiet
62 % Say it's walkable to grocery stores
61 % Say people would walk alone at night
57 % Say streets are well-lit
56 % Say they plan to stay for at least 5 years
54 % Say kids play outside
47 % Say neighbors are friendly
31 % Say there's wildlife
24 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Camelback East
Last updated July 2026
Avg. sale price
$644K
$19.17KMoM
Sale-to-List Price
97.0%
Price per sq ft
$382
$4MoM
Available listings
800
55MoM
Home Value
Trulia Estimate
$849KSince last month
Increased$16K (+2%)Since last year
Increased$96K (+12.7%)Since last sale
Increased$759K (+843.1%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +218% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $849K |
| August 2026 | $830K |
| July 2026 | $833K |
| June 2026 | $833K |
| May 2026 | $837K |
| April 2026 | $859K |
| March 2026 | $726K |
| February 2026 | $726K |
| January 2026 | $756K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.30 | Multi-Family Home | $980,000 | 10/30/25 | 7 | 1 | 3,808 | |
1.05 | Multi-Family Home | $425,000 | 10/20/25 | 4 | 3 | 2,344 | |
1.51 | Multi-Family Home | $870,000 | 01/16/26 | 6 | 6 | 3,600 | |
1.41 | Multi-Family Home | $1,170,000 | 03/18/26 | 8 | 4 | 3,120 | |
1.33 | Multi-Family Home | $895,000 | 08/20/26 | 9 | 2 | 2,502 | |
1.09 | Multi-Family Home | $450,000 | 06/11/26 | 4 | 1 | 1,700 | |
1.40 | Multi-Family Home | $875,000 | 07/08/26 | 6 | 3 | 2,025 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.03 | $860,000 | 6 | 6 | 3,000 | For Sale | |
0.05 | $602,300 | 3 | 2 | 2,700 | Off Market | |
0.07 | - | - | - | - | Off Market | |
0.09 | $328,000 | 2 | 1 | 903 | Off Market | |
0.11 | $463,200 | 3 | 3 | 1,623 | Off Market | |
0.11 | $575,000 | 3 | 2.5 | 2,134 | Recently Sold | |
0.14 | $1,998,000 | 20 | 18 | 9,050 | For Sale | |
0.13 | $4,843,900 | 29 | 15 | 13,020 | Off Market | |
0.14 | $570,300 | 3 | 3 | 1,977 | Off Market | |
0.14 | $525,000 | 3 | 2.5 | 1,757 | Recently Sold | |
0.15 | $563,500 | 3 | 2.5 | 1,977 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Apr 14, 2026 Source: ARMLS #7013792 | Listed For Sale | $900,000 |
Mar 16, 2013 Source: Agent Provided | ListingRemoved | $175,000 |
Feb 22, 2013 Source: Agent Provided | Listed For Sale | $175,000 |
Apr 13, 2010 Source: N/A | Sold | $90,000 |
Aug 15, 2005 Source: ARMLS #2309023 | Sold | $359,000 |
Feb 18, 2005 Source: N/A | Sold | $286,620 |
Dec 23, 2004 Source: N/A | Sold | $200,000 |
Dec 4, 2001 Source: N/A | Sold | $163,334 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $1,654 | $679,800 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Heather Openshaw, Keller Williams Integrity First Realty
Agent Phone: (480) 462-5939

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Frequently asked questions about 2925 N 38TH Street
- What is the estimated monthly payment for 2925 N 38TH Street?Based on a $900,000 list price with 20% down at today's rates, the estimated monthly payment for 2925 N 38TH Street in Phoenix, AZ is approximately $5,262 (about $4,879 principal & interest, $308 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 2925 N 38TH Street compare to homes in Phoenix?2925 N 38TH Street in Phoenix, AZ is listed at $900,000, about 40% above the $644K median sale price in Phoenix.
- What do residents say about the Camelback East neighborhood?Residents describe the Camelback East neighborhood in Phoenix, AZ as dog-friendly, pedestrian-friendly, and easy to park in. See homes for sale in Camelback East, Phoenix.
- What are the closest schools to 2925 N 38TH Street?The closest schools to 2925 N 38TH Street in Phoenix, AZ are Camelback High School (rated 3/10), Monte Vista Elementary School (Pre-K/Middle, rated 3/10).
- Does 2925 N 38TH Street have air conditioning?Yes, 2925 N 38TH Street in Phoenix, AZ has air conditioning.
- Does 2925 N 38TH Street have a pool?Yes, 2925 N 38TH Street in Phoenix, AZ has a pool.
2925 N 38TH Street, Phoenix, AZ 85018 is a 17 bedroom, 10 bathroom, 4,800 sqft multi-family built in 1964. 2925 N 38TH Street is located in Camelback East, Phoenix. This property is currently available for sale and was listed by ARMLS on Apr 14, 2026. The MLS # for this home is MLS# 7013792.

