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Adams Place 2121 W Adams St 20 Unit Apartment Building $4,550,000 ($227,500/Unit) Phoenix, AZ 85009
Investment Highlights
- Newly constructed multifamily community offering reduced near-term capital needs and lower ongoing maintenance requirements relative to older-vintage
- Strategically located less than ±1.5 miles from Downtown Phoenix and the Innovation Employment Corridor, providing immediate access to one of Arizona’
- Highly desirable unit mix comprised exclusively of spacious two-bedroom, two-bathroom floorplans averaging ±864 square feet
Executive Summary
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.
Property Facts
| Price | $4,550,000 | Apartment Style | Garden |
| Price Per Unit | $227,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.97 AC |
| No. Units | 20 | Building Size | 20,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2025 |
| Zoning | M-M | ||
| Price | $4,550,000 |
| Price Per Unit | $227,500 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.97 AC |
| Building Size | 20,000 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Zoning | M-M |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Freezer
- Instant Hot Water
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Storage Space
- Public Transportation
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 20 | - | 864 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 109-32-135 | Improvements Assessment | $0 |
| Land Assessment | $60,269 | Total Assessment | $60,269 |
Property Taxes
Parcel Number
109-32-135
Land Assessment
$60,269
Improvements Assessment
$0
Total Assessment
$60,269
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