1331 W MONROE Street Phoenix, AZ $ 525,000
1331 W MONROE Street
$ 525,000
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1331 W MONROE Street

Phoenix, AZ, 85007
$ 525,000
Baths0.0

Monthly Estimate*

$ 3,233

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $525,000. This home was built in 1926.

Fantastic investment opportunity near downtown Phoenix in the Woodland Place District. This duplex offers two 2-bed/1 bath units. Fully rented. Both units offer fully remodeled kitchens with custom cabinetry, quartz countertops, updated stainless appliances and under-cabinet lighting. In-unit stackable washer/dryer. Ceiling fans in all rooms. New fence installed 2026. Centrally located, a block from Government Mall and close to downtown's best restaurants, museums, entertainment & sporting venues, cafes & bars and shops, with easy access to major freeways. Off-street parking at the rear of the unit. No HOA

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Multi-Family Active

Price

$ 525,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 831

Style

Multiple Dwellings

Year Built

1926

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7034766

Features
General
Sewer Public Sewer
Heating Central Heat Pump 2 or More Units Electric
Cooling Central Air Ceiling Fan(s) Electric Heat Pump 2 or More Units
Roof Composition
Zoning R5
Construction Materials Wood Frame Painted Stucco Block
Year Built 1926
Electric APS Individual Meter
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 32383.6
Community Features No Pool
County Maricopa
Net Operating Income 14132.0
Operating Expense 20136.0
Insurance Expense 2074.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 10719.0
Subdivision Name WOODLAND PLACE
Garage Y/N N
Status Active
Directions South on 15th Ave then east on Monroe property will be on the south side of the street.
High School Central High School
City Phoenix
Disclosures Other (See Remarks) Seller Prop Disc Stm
High School District Phoenix Union High School District
Open Parking Spaces 0.0
Number Of Units Total 2
Carport Y/N N
Elementary School Capitol Elementary School
Tax Annual Amount 831.0
Electric Expense 77.0
Fuel Expense 399.0
Middle/Junior High School Capitol Elementary School
Trash Expense 0.0
Water Sewer Expense 1244.0
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 Phoenix Elementary District
Tax Lot 8
Cap Rate 2.69
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: VA True
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Interior
Flooring Ceramic Tile Wood
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Off Street On Street
Water Source City Franchise
Total Parking 0.0
Number of Buildings 1
Spa N
Lot Dimensions Unknown
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1331
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* Excluded Features
List By
Mark Brower Properties, Llc

Broker

lisa@markrent.com

Email

Affordability Calculator

$3,302
Per Month
98%
2%
0%
Monthly Principal & Interest
$3,233
Monthly Property Taxes
$69
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
4327863 Elementary School
4327863 Middle School
Central High School High School
Pricing History
DatePricePrice ChangeDescription
5/29/2026$525,000 Listed Price

Map


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1331 W MONROE Street, Phoenix, AZ, 85007 is a Multi-Family Home for sale at $525,000. 1331 W MONROE Street is a studio with 0.0 baths and was built in 1926. The property's zip code is 85007 which is in Phoenix, AZ