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1515 W TONTO Street Phoenix, AZ $ 675,000
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1515 W TONTO Street
$ 675,000
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1515 W TONTO Street

Phoenix, AZ, 85007
$ 675,000
Baths0.0

Monthly Estimate*

$ 4,211

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $675,000. This home was built in 1943.

Fully RENOVATED 3-UNIT Turnkey Short-Term Rental in Central Phoenix! Cap rate 10%+, average occupancy 75%, and strong Airbnb rating of 4.8+ stars! Comes with confirmed future bookings totaling over $5,500 through Jan 1, 2026. Property consists of one 2-bed/1-bath unit, one 1 bed/1 bath unit and private studio — each with its own kitchen, full bath, and separate entrance. The separate laundry room & shed serves gusts and maids. A fenced common courtyard offers a grill, fire pit, and lounge area with hammock — perfect for guest enjoyment. Separate maintenance/storage shed for cleaning crew and supplies. Every unit comes with furniture and decor. The property located in a high-demand area near Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row.

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Multi-Family Active

Price

$ 675,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 983

Style

Multiple Dwellings

Year Built

1943

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6953631
Features
General
Sewer Public Sewer
Heating Window/Wall Unit(s) Electric
Cooling Ceiling Fan(s) Window/Wall Unit Electric Individual
Roof Composition
Zoning R-3
Construction Materials Stucco Block
Year Built 1943
Electric APS
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 116250.0
Community Features No Pool
County Maricopa
Net Operating Income 70280.0
Operating Expense 9483.0
Insurance Expense 1600.0
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 6000.0
Subdivision Name STEVE RAYBURN SUBDIVISION
Garage Y/N N
Status Active
Directions North on 15th Ave from Buckeye Rd West on Tonto to home on the south.
High School Carl Hayden High School
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 1.0
Number Of Units Total 3
Carport Y/N N
Elementary School Paul Dunbar Lawrence School
Tax Annual Amount 983.0
Fuel Expense 0.0
Middle/Junior High School Paul Dunbar Lawrence School
Trash Expense 300.0
Water Sewer Expense 600.0
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 7
Cap Rate 10.41
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
New Financing: VA True
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Exterior
Parking Features Carport
Water Source City Franchise
Total Parking 2.0
Number of Buildings 2
Spa N
Lot Dimensions 50x128
Covered Spaces 1.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Internal Only
Street Number 1 1515
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* Excluded Features
List By
Exp Realty

Broker

Natalia.yalin@exprealty.com

Email

Affordability Calculator

$4,293
Per Month
98%
2%
0%
Monthly Principal & Interest
$4,211
Monthly Property Taxes
$82
Monthly 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.
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Nearby
4328265 Elementary School
4342448 Middle School
Carl Hayden High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/4/2025$675,000 Listed Price

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1515 W TONTO Street, Phoenix, AZ, 85007 is a Multi-Family Home for sale at $675,000. 1515 W TONTO Street is a studio with 0.0 baths and was built in 1943. The property's zip code is 85007 which is in Phoenix, AZ

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