2121 W Adams St - Apartments FOR SALE


Phoenix, AZ 85009- Capitol
$4,550,000 USD
480-600-2626
2121 W Adams St, Phoenix, AZ for Sale
$4,550,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

2121 W Adams St
Phoenix, AZ 85009
Capitol


HIGHLIGHTS

  • Newly constructed multifamily community offering reduced near-term capital needs and lower ongoing maintenance requirements relative to older-vintage
  • Highly desirable unit mix comprised exclusively of spacious two-bedroom, two-bathroom floorplans averaging ±864 square feet
  • Strategically located less than ±1.5 miles from Downtown Phoenix and the Innovation Employment Corridor, providing immediate access to one of Arizona’

OVERVIEW

Adams Place (“the property”) is a newly constructed 20-unit multifamily community in the dynamic downtown Phoenix submarket, offering investors an exceptional opportunity to acquire modern two-bedroom residences within one of the city’s most powerful urban employment hubs. Completed in 2025 and comprised entirely of large ±864 SF two bedroom, two bathroom floorplans, the property delivers contemporary living in immediate proximity to the ±100,000 employee Downtown Phoenix corridor and the ±71,000 employee Midtown district. It’s strategic location enables immediate access to major civic anchors including the Phoenix Bioscience Core, Banner University Medical Center, St. Joseph’s Medical Center, and Arizona State University’s downtown campus, all of which continue to drive substantial public and private investment into the area. Positioned near Interstate 10 and Interstate 17, Adams Place offers seamless connectivity across the Valley while sitting within minutes of premier dining, entertainment, and cultural destinations throughout Roosevelt Row and the broader urban core. With its central location, modern construction profile, and strong surrounding demand drivers, Adams Place presents a compelling opportunity for investors seeking durable performance and long term appreciation in one of Phoenix’s most rapidly evolving neighborhoods.

FOR SALE DETAILS

PRICE

$4,550,000 USD

PRICE/SF

$228 USD /SF

# OF UNITS

20

PRICE/UNIT

$227,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Adams Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

M-M

APN/PARCEL ID

109-32-135

ASK ABOUT THIS PROPERTY

Adam SaylorMarcus & MillichapMore Info
480-600-2626

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Adam SaylorMarcus & MillichapMore Info
480-600-2626

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.