2923 N 38th St - Citrus Acres 3,000 SF Flex Condo Units Offered at $899,999 Per Unit in Phoenix, AZ 85018

2923 North 38th Street is a fully renovated fourplex located in the coveted 85018 zip code, just minutes from Arcadia Lite and the Camelback Corridor. The property offers investors a rare opportunity to acquire a pride-of-ownership small multifamily asset in one of Phoenix’s most desirable infill locations.

This turn-key asset features modern upgrades throughout, offering premium finishes, in-unit laundry, and strong curb appeal. This drives top-tier rental demand and long-term tenant retention.

Exterior enhancements have elevated the overall aesthetic while reducing future maintenance obligations by providing updated paint and facade improvements, mature landscaping, walkable blocks, and a strong sense of neighborhood identity. The result is a clean, cohesive asset that blends modern finishes with the character of the Arcadia-area setting.

Strong in-place rents provide immediate cash flow to new ownership which also benefits from flexible residential financing options, allowing qualified buyers to access conventional 1–4-unit loan programs rather than commercial debt- an attractive feature for both investors and owner-occupants.

Situated in the heart of the Arcadia submarket with convenient access to major employment hubs, trendy shopping, and entertainment.

Residential Apartments

Citrus Acres Apartments presents a fully renovated fourplex investment opportunity in the highly desirable Arcadia Citrus Acres neighborhood of Phoenix, Arizona. Located at2919 North38th Street, this asset combines modern interiors with an ideal infill location just minutes from Arcadia Lite and the Camelback Corridor. The property’s recent renovations include premium finishes, updated kitchens and bathrooms, in-unit laundry, and upgraded exterior improvements that minimize future maintenance obligations while enhancing curb appeal.
Offering strong in-place rents, Citrus Acres delivers investors immediate cash flow with long-term upside potential in one of Phoenix's most competitive rental markets. The property benefits from flexible residential financing options, broadening its appeal to both investors and owner-occupants. Situated in a vibrant, highly walkable submarket, residents enjoy proximity to trendy dining, shopping, major employment centers, and healthcare facilities such as Banner – University Medical Center, all within a short drive. With a Walk Score of73 and close access to recreational amenities including Arcadia Park and the Desert Botanical Garden, the property is well positioned to attract and retain quality tenants.