2102 W ADAMS Street, Phoenix, AZ 85009
2102 W ADAMS Street, Phoenix, AZ 85009
2102 W ADAMS Street, Phoenix, AZ 85009
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$1,999,000
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16 Beds
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2102 W ADAMS Street Phoenix, AZ 85009

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Michael Vallee

Michael Vallee

+1(480) 848-5780

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Capitol Addition

MLS Listing ID 7085334

Bedrooms 16

Maintenance Fees $8,000

Year Built 1921

Annual Tax Amount $556

Tax Year 2025

Lot Dimensions 36400

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Downtown Phoenix 16-Unit Multifamily Complex consisting of nine buildings across six contiguous lots totaling approximately 36,400 SF. The property is R-3 zoned and features all 1BD/1BA units, currently generating $18,000+ in monthly gross rental income. All units have separate electric and gas meters, with utilities paid directly by tenants. The property is serviced by four water meters.

The site offers a potential redevelopment opportunity while providing existing rental income.

Location

State AZ

County Maricopa

Community Capitol Addition

Area Maricopa

Zoning R-3

Interior

Heating See Remarks

Cooling See Remarks

Flooring Ceramic Tile

Appliance See Remarks

Exterior

Parking Features >1 Space Per Unit

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer, See Remarks

Water See Remarks, City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 109-32-095

Ownership Fee Simple

Acceptable Financing No Carry, Conventional, 1031 Exchange

Disclosures None

Listing Terms No Carry, Conventional, 1031 Exchange

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Compass • Zachary Coty

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Michael Vallee
Michael Vallee

Agent Mortgage Loan Officer 2665457

+1(480) 848-5780 | michael@valleerealty.com

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2102 W ADAMS Street