1317 W MONROE Street, Phoenix, AZ 85007
$875,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$875,000
Last Modified:
3/25/2026
Description
Fantastic investment opportunity in a gorgeous historic neighborhood near the Arizona State Capitol in the heart of Central Phoenix. This well-maintained fourplex features 4 beautifully remodeled efficiency units, consistently in demand with both short- and long-term tenants. Each fully furnished unit offers a private kitchenette w/ stainless steel gas range, refrigerator, & microwave, along with a well-appointed bathroom w/ shower. Windows in the property were replaced approximately 4 years ago. Property includes an inviting front porch and a detached one-car garage with water plumbing, offering potential for conversion into a fifth rental unit. Ideally situated on a peaceful, tree-lined street close to dining, shopping, sports venues, and entertainment. Buyer to verify all information.
More Information MLS# 7003581
Contract Info
Ownership: Fee Simple
Current Price: $875,000
List Price: $875,000
Status: Active
List Date: 2026-03-25
Location, Tax & Legal
Assessor's Map #: 3
Legal Description (Abbrev): WOODLAND PL
Assessor's Parcel #: 76
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114301
Taxes: 1438
Legal: WOODLAND PL
Marketing Name: Fourplex
House Number: 1317
Compass: W
Street Name: MONROE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2736
County Code: Maricopa
Subdivision: WOODLAND PLACE
Assessor Number: 112-03-076
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 1
Lot Size Dimensions: 50'x125'
Total # of Units: 4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Paul Dunbar Lawrence School
Jr. High School: Paul Dunbar Lawrence School
High School: Central High School
Year Built: 1926
Zoning: R5
Legal Info
Range: 3E
Section: 7
Township: 1N
Lot Number: 5
Project Type
Four Plex: 1
Construction
Block: 1
Brick: 1
Const - Finish
Painted: 1
Brick Veneer: 1
Roofing
Composition: 1
Floors
Wood: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Other (See Remarks): 1
Income & Expenses
Annual Elec Exp: 5000
Annual Gas Exp: 1000
Annual Ins Exp: 3600
Annual Landscape Exp: 600
Annual Legal & Acctg: 200
Annual Trash Exp: 1250
Annual Wtr/Swr Exp: 1250
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 14338
Other Income: 0
Vacancy Allowance: 0.1
Adjusted Gross Inc: 108000
Total Monthly Rental Income: 10000
Pmt & Rate Info
Cap Rate: 13.03
Equity: 875000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Evaporative Cooling: 1
Window/Wall Unit: 1
See Remarks: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
See Remarks: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Detached Garage: 1
Garage: 1
On Street: 1
See Remarks: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 480-201-2383
Efficiency Units
# Efficiency Units: 4
Avg Rent: 2500
Avg SqFt: 500
# Baths: 1
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Van Buren and 15th Ave
Directions: South on 15th Ave, east on Monroe, property will be on the south side of the street. Parking along the street.
Geo Lat: 33.449892
Geo Lon: -112.090131
Income Expenses
Gross Annual Sch Inc: 120000
Net Operating Income: 114000
Property Features
Project Type: Four Plex
Construction: Block; Brick
Const - Finish: Painted; Brick Veneer
Roofing: Composition
Floors: Wood
Sale Includes: Land & Building; Personal Property; Other (See Remarks)
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s)
Appliances Included: Built-In Range; Refrigerator; Microwave; Washer/Dryer; See Remarks
Heating: Natural Gas
Cooling: Ceiling Fan(s); Window/Wall Unit; Evaporative Cooling; See Remarks
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas
Parking Features: Garage; On Street; Detached Garage; See Remarks
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; Conventional
Environmental: None
Listing Office:
Redfin Corporation
Last Updated: March - 25 - 2026
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