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1502 W MONROE Street Phoenix, AZ $ 650,000
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1502 W MONROE Street
$ 650,000
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1502 W MONROE Street

Phoenix, AZ, 85007
$ 650,000
Baths0.0

Monthly Estimate*

$ 4,002

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $650,000. This home was built in 1911.

Multi-Family | Fully Remodeled | Active Airbnb in Downtown's Historic District. This beautifully renovated 1911 Craftsman offers a rare, income-producing setup with space, charm, and flexibility. The main residence features 8 bedrooms and 4.5 baths, plus a unique basement/bomb shelter ideal for storage, a wine cellar, or a creative flex space. Above the detached 2-car garage, a separate 2 bed / 1 bath apartment with a full kitchen provides an additional rental stream or private guest quarters. Positioned on a corner lot and currently operating as an active Airbnb, this property is minutes from major Downtown Phoenix attractions including The Van Buren, the Japanese Friendship Garden, and Chase Field.

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Multi-Family Active

Price

$ 650,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,818

Style

Multiple Dwellings

Year Built

1911

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6990515
Features
General
Sewer Public Sewer
Heating Electric Natural Gas
Cooling Electric Heat Pump
Roof Other Composition
Zoning R5
Construction Materials Wood Frame Painted Stucco Block
Year Built 1911
Electric City Electric
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 0.0
Community Features See Remarks
County Maricopa
Net Operating Income 0.0
Operating Expense 1818.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name CAPITOL ADDITION BLOCKS 3-6 12-14 TRACT A
Garage Y/N Y
Status Active
Directions S to Monroe/ Home on the corner
High School Central High School
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 3.0
Number Of Units Total 3
Carport Y/N N
Elementary School Kenilworth Elementary School
Tax Annual Amount 1818.0
Middle/Junior High School Kenilworth Elementary School
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 Vacant
Elementary School District Phoenix Elementary District
Tax Lot 30
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Carpet Wood Concrete
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Other On Street
Water Source Individual Meter City Franchise
Total Parking 5.0
Number of Buildings 2
Spa N
Lot Dimensions 8400
Road Surface Type Concrete
Covered Spaces 2.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1502
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* Excluded Features
List By
Compass

Broker

danny@thekallaygroup.com

Email

Affordability Calculator

$4,154
Per Month
96%
4%
0%
Monthly Principal & Interest
$4,002
Monthly Property Taxes
$152
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
4327443 Elementary School
4327443 Middle School
Central High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/27/2026$650,000 Listed Price

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1502 W MONROE Street, Phoenix, AZ, 85007 is a Multi-Family Home for sale at $650,000. 1502 W MONROE Street is a studio with 0.0 baths and was built in 1911. The property's zip code is 85007 which is in Phoenix, AZ

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