2002 W ADAMS Street, Phoenix, AZ 85009, Phoenix, 85009 - 4 bed, 3 bath
Loading property details...
Phoenix, AZ 85009
This Renovated Multi-Unit Potential Property is listed at $550,000, representing a market-supported entry point near its $531,465 Fair Market Value. Boasting a Condition Rating of 2, the interior features a modern kitchen with quartz countertops, a patio, and a detached 240 sq. ft. studio. The 7,000 sq. ft. lot offers rare zoning for 5 units, providing significant development upside. While served by Mary Mcleod Bethune, Arthur M Hamilton, and Central High School, the asset's $2,150 monthly rental income makes it ideal for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2002 W ADAMS Street Subject | $550,000* List Price | 4 | 3 | 1,593 | $334 | - |
A 2118 W ADAMS Street Sold | $386,000 | 3 | 2 | 1,327 | $291 | 0.2 mi |
B 2217 W JEFFERSON Street Active | $398,900 List Price | 4 | 2 | 1,491 | $268 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2004, the property has undergone an extensive recent renovation that meets current quality standards. The interior features a modern kitchen with new shaker cabinets, quartz countertops, and new appliances. The home also boasts all-new flooring, plumbing fixtures, light fixtures, and a Ring security system, along with a newly finished detached studio, making it fully move-in ready with no deferred maintenance.
The property's zoning allows for up to 5 units, providing a significant value-add opportunity for investors to increase density and maximize the 7,000 sq. ft. lot.
The home features comprehensive updates including new flooring, quartz countertops, new appliances, and a detached 240 sq. ft. studio, ensuring a move-in-ready condition.
Currently leased at $2,150 per month on a 12-month term, this property offers immediate cash flow and a proven rental history for prospective buyers.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1593, other record living area = 1353.
The property is sold 'as-is' with no SPDS or CLUE reports available, placing a higher burden of due diligence on the buyer regarding the home's history and condition.
The assigned public schools carry low ratings (3/10), which may limit the property's appeal to families and impact long-term appreciation compared to higher-rated districts.
zoning allows for 5 units. beautifully updated.move in ready.owner/agent has never occupied property.no spds/clue available.lots of prking at the front,rear,& side street.owner/agent is an az active licensed realtor/bldr.iron gate with code lock and iron automobile gate w/remote. All new appliances from spencers.reverse osmosis water,all new plumbing fixtures, outlets,and light fixtures. All new Ring security system included. All new flooring.Future light rail in walkg distance.Can add a larger elect alley access gate,exist manual alley gate is 10' wide. Self contained detached 240 sf studio in the backyard.new cabs/quartz cntrtps. On SUPRA. Sold in as is condition. Currently, rented at $2150 per month. 12 month lease. Tenant pays all utilities.
No exterior & parking available.
Grades PK-8 • 1.2 mi
Grades PK-8 • 1.3 mi
Grades 9-12 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 67% |
| Baths | 3.0 | 2.0 | 89% |
| Square foot | 1,593 | 1,276 | 81% |
| Lot Size | 7,000 | 6,410 | 64% |
| Price | $550.0K | $245.8K | 93% |
| Price per sq ft | $345 | $192 | 94% |
| Built year | 2004 | 1953 | 98% |
| HOA | $0 | $0 | 50% |
| Days on market | 74 | 1215 | 2% |
Feb 11, 2026
$550,000
Initial Listing