2945 N 38TH Street, Phoenix, AZ 85018

$649,000

Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 2,856 Lot Size (sq. ft.): 20,234 Status: Closed

Current Price: $649,000 Last Modified: 8/07/2026

Overview

Description

GREAT INVESTMENT OPPORTUNITY IN ARCADIA LITE! Multi-family home 4-unit property! Perfect for a Developer/Builder or someone wanting to build their dream home in one of the hottest neighborhoods in Phoenix! Can build 2-3 homes w/ yards on this parcel or up to 5-6 townhomes. LOTS of room to build upwards (3-story units). Could even live in one of the units and rent out the other three for income properties! **CURRENT: House is being rented for $1150/mo, Cottage/Guest $600/mo, Duplex (2 units) $550/mo ea ($1100 total). TOTAL monthly income $2850. All tenants are current on rent and on month to month leases.

Listing Details MLS# 6285433

Location, Tax & Legal

Map Code/Grid: P35
House Number: 2945
Compass: N
Street Name: 38TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Zip4: 7012
Country: US
County Code: Maricopa
Assessor Number: 127-21-012
Subdivision: CITRUS ACRES LOTS 21 THRU 60
Tax Year: 2020
Assessor's Map #: 21
Legal Description (Abbrev): CITRUS ACRES PT LOT 85 N2
Assessor's Parcel #: 12
Tax Municipality: Phoenix
Taxes: 1894

Contract Information

Type: Exclusive Right To Sell
Ownership: Fee Simple

General Property Description

Dwelling Type: Single Family Residence
Dwelling Styles: Attached
Exterior Stories: Yes
# of Interior Levels: Yes
# Bedrooms: 6
Total Bathrooms: 5
Approx SQFT: 2856
Price/SqFt: 227.24
Guest House SqFt: 400
Horses: N
Builder Name: Custom
Year Built: 1945
Approx Lot SqFt: 20234
Approx Lot Acres: 0.465
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Monte Vista Elementary School
Jr. High School: Monte Vista Elementary School
High School: Camelback High School

Remarks Misc

Cross Street: 38th St. & Thomas Rd
Directions: From Thomas Rd, turn North onto 38th St. Property will be on the Right.

Status Change Info

Off Market Date: 2021-09-20
Under Contract Date: 2021-08-27
Close of Escrow Date: 2021-09-20

Legal Info

Township: 2N
Range: 3E
Section: 25
Lot Number: 85

More Information

Basement

Basement Y/N: N

Solar Panels

Ownership: Owned Outright

Sold Info

Loan Type: Cash
Loan Years: 30
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Special Listing Cond

N/A: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Pmt & Rate Info

Down Payment: 0

Association & Fees

HOA Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee: 0
Cap Improvement/Impact Fee $/%: $
Cap Improvement/Impact Fee 2: 0
Cap Improvement/Impact Fee 2 $/%: $
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Rec Center Fee 2 Y/N: N
Ttl Mthly Fee Equiv: 0

Showing Notification Methods

Text: Yes
Email: Yes
Phone Call: Yes

Lockbox Type

None: Yes

Master Bathroom

Full Bth Master Bdrm: Yes

Dining Area

Dining in FR: Yes

Heating

Electric: Yes
Natural Gas: Yes

Kitchen Features

Gas Oven: Yes
Gas Range: Yes

Cooling

Window/Wall Unit: Yes

Laundry

Washer Hookup: Yes
Gas Dryer Hookup: Yes

Separate Den/Office

Sep Den/Office Y/N: Y

Fencing

Partial: Yes

Water Source

City Water: Yes

Spa

None: Yes

Sewer

Sewer - Public: Yes

Parking Spaces

Slab Parking Spaces: 0
Total Covered Spaces: 0

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes

Utilities

APS: Yes
SRP: Yes
SW Gas: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Landscaping

Dirt Front: Yes

Disclosures

Seller Discl Avail: Yes
Agency Discl Req: Yes

Possession

Close of Escrow: Yes
Subject To Tenant Rights: Yes

Association Fee Incl

No Fees: Yes

Assoc Rules/Info

None: Yes

Property Features

Special Listing Cond: N/A Master Bathroom: Full Bth Master Bdrm Spa: None Dining Area: Dining in FR Kitchen Features: Gas Oven; Gas Range Laundry: Washer Hookup; Gas Dryer Hookup Construction: Wood Frame Const - Finish: Painted Roofing: Composition Cooling: Window/Wall Unit Heating: Electric; Natural Gas Utilities: APS; SRP; SW Gas Water Source: City Water Sewer: Sewer - Public Fencing: Partial Landscaping: Dirt Front Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Possession: Close of Escrow; Subject To Tenant Rights Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Disclosures: Seller Discl Avail; Agency Discl Req

Listing Office: Midland Real Estate Alliance

Last Updated: August - 07 - 2026