Prime Downtown Phoenix 6-Unit Multi-Family Investment - Fully Renovated & Permitted through the City of Phoenix. Every unit has been meticulously updated from the ground up with all new electrical, plumbing, roofs, HVAC systems, and energy-efficient windows, offering peace of mind and modern functionality for years to come. Step inside to find stylish new kitchens featuring stainless steel appliances, custom cabinetry, and quartz countertops, as well as luxuriously updated bathrooms with contemporary finishes. Washer/Dryer's in units. Each unit combines comfort, style, and durability, perfect for attracting quality tenants or operating as a premium rental portfolio Situated on a large corner lot with potential for future subdividing or development, this property offers investors significant long-term upside. Location doesn't get better than thisjust steps to Roosevelt Row's restaurants, art galleries, and nightlife, Banner Medical Center, ASU & U of A Downtown Campuses, the Phoenix Financial District, Chase Field, Footprint Center, and all that downtown Phoenix has to offer.
Whether you're looking for a turnkey multi-family asset, a cash-flowing investment in a booming rental market, or future redevelopment potential, this property checks every box.
For sale
$1,729,000
1241 E Adams St, Phoenix, AZ 85034
6beds
6baths
3,000sqft
Est.:
Multi Family
Built in 1926
-- sqft lot
$1,585,100 Zestimate®
$576/sqft
$-- HOA
What's special
Stylish new kitchensCorner lotLarge corner lotQuartz countertopsCustom cabinetryStainless steel appliancesLuxuriously updated bathrooms
- 23 days
- on Zillow |
- 316 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: May 24, 2025 at 08:06am
Listed by:
Carrie Lehrman 480-338-9641,
SRL Group,
Jaclyn S Wollheim 602-692-1090,
SRL Group
Source: ARMLS,MLS#: 6870735

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer
Features
- Flooring: Ceramic Tile, Vinyl
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Parking
- Total spaces: 6
- Parking features: 1 Space/Unit
- Uncovered spaces: 6
Lot
- Size: 12 Acres
- Dimensions: 12
Details
- Parcel number: 11645111
- Zoning: R5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Block
- Roof: Foam
Condition
- Year built: 1926
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: Master Meter
Community & HOA
Community
- Features: No Pool
- Subdivision: COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $576/sqft
- Annual tax amount: $504
- Date on market: 5/23/2025
- Listing terms: Conventional,VA Loan
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Concrete
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