2440 E MONROE Street Phoenix, AZ ^$ 789,000

2440 E MONROE Street

^$ 789,000

Back to search

2440 E MONROE Street

Phoenix, AZ, 85034

^$ 789,000

Studio Baths0.0

Monthly Estimate*

^$ 4,922

2440 E MONROE Street, Phoenix, AZ 85034 - Image 1

2440 E MONROE Street, Phoenix, AZ 85034 - Image 2

2440 E MONROE Street, Phoenix, AZ 85034 - Image 3

2440 E MONROE Street, Phoenix, AZ 85034 - Image 4

2440 E MONROE Street, Phoenix, AZ 85034 - Image 5

2440 E MONROE Street, Phoenix, AZ 85034 - Image 6

Studio

Multi-Family Home for sale in Phoenix, AZ

for $789,000. This home was built in 1940.

Fantastic location within walking distance to the light rail, close to the airport and downtown Phoenix. Exterior recently painted, new roofs, laundry in 4 of the 5 units, 4 new a/c units and all units have tankless hot water heaters. Each of the units have had improvements upon vacancy such as: tiled flooring, tiled showers, backsplash and interior paint. Property is individually metered for electric. Lots of investor development in this area!

Multi-Family Active

Price

^$ 789,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,144

Style

Multiple Dwellings

Year Built

1940

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6913810

Features

General

Sewer Public Sewer

Heating Electric

Cooling Central Air 2 or More Units

Roof Composition

Zoning R4

Construction Materials Vinyl Siding Wood Frame Painted Block

Year Built 1940

Electric APS Individual Meter

Township 1N

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 76800.0

Community Features No Pool

County Maricopa

Net Operating Income 67058.36

Operating Expense 9741.64

Insurance Expense 1302.0

Property Type Multiple Dwellings

Attached Garage N

MaintenanceExpense 700.0

Subdivision Name HIALEAH

Garage Y/N N

Status Active

Directions East on Van Buren St South on 24th St West on Monroe St subject property on the left.

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 5.0

Number Of Units Total 5

Carport Y/N N

Tax Annual Amount 2144.0

Electric Expense 0.0

Fuel Expense 0.0

Middle/Junior High School Wilson Elementary School

Trash Expense 0.0

Water Sewer Expense 5095.64

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Elementary School District Wilson Elementary District

Tax Lot 4

Cap Rate 7.81

New Financing: Conventional True

Senior Community N

New Financing: FHA True

New Financing: Cash True

New Financing: VA True

Interior

Flooring Ceramic Tile Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features 1 Space/Unit

Water Source Master Meter City Franchise

Total Parking 5.0

Number of Buildings 2

Spa N

Lot Dimensions 7754

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 2440

* Excluded Features

List By

Open House Realty

Broker

emily.weaver06@yahoo.com

Affordability Calculator

$5,101

Per Month

Monthly Principal & Interest: $4,922
Monthly Property Taxes: $179
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,164,455

Percent of Sale Price 48%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327165 Elementary School

4897117 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/2/2025	$589,000		Listed Price

Map

More homes like this one

homes for you

See all

2440 E MONROE Street, Phoenix, AZ, 85034 is a Multi-Family Home for sale at $789,000. 2440 E MONROE Street is a studio with 0.0 baths and was built in 1940. The property's zip code is 85034 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/6/2025.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

2440 E MONROE Street

Multi-Family Home for sale in Phoenix, AZ

Affordability Calculator

Map

More homes like this one

Get more info about this home