Adams Place — Sale in Phoenix, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Phoenix, AZ 85009

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Description

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. Investment Highlights: • Newly constructed multifamily community offering reduced near-term capital needs and lower ongoing maintenance requirements relative to older-vintage assets • 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's largest and most dynamic concentrations of emplo

Market Context

This multifamily in Phoenix, AZ is listed for sale. Compare it against other multifamily listings for sale in Phoenix, AZ — view the full market.

As of Q1 2026, the Phoenix multifamily market showed a 12.1% vacancy rate, average asking rents near $1561.50/unit/mo, rents up 2.9% year over year, and cap rates around 5.9%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Phoenix?
About 5.9% as of Q1 2026, per multiple brokerage reports.
Is the Phoenix multifamily market tightening or softening?
Vacancy is around 12.1%, with asking rents rising year over year (Q1 2026).

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