1502 W MONROE Street, Phoenix, AZ 85007
$650,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$650,000
Last Modified:
2/27/2026
Description
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.
More Information MLS# 6990515
Contract Info
Ownership: Fee Simple
Current Price: $650,000
List Price: $650,000
Status: Active
List Date: 2026-02-26
Location, Tax & Legal
Assessor's Map #: 2
Legal Description (Abbrev): CAPITOL LOT 30 & E 20' OF LOT 29 BLK 1
Assessor's Parcel #: 24
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114301
Taxes: 1818
Legal: CAPITOL LOT 30 & E 20' OF LOT 29 BLK 1
Marketing Name: N/A
House Number: 1502
Compass: W
Street Name: MONROE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2610
County Code: Maricopa
Subdivision: CAPITOL ADDITION BLOCKS 3-6 12-14 TRACT A
Assessor Number: 112-02-024
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 8400
Total # of Units: 3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Kenilworth Elementary School
Jr. High School: Kenilworth Elementary School
High School: Central High School
Year Built: 1911
Zoning: R5
Legal Info
Range: 3E
Section: 7
Township: 1N
Block: 1
Lot Number: 30
Project Type
Tri-Plex: 1
Four Plex: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Other: 1
Floors
Concrete: 1
Wood: 1
Carpet: 1
Sale Includes
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1818
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 650000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
See Remarks: 1
Heating
Electric: 1
Natural Gas: 1
Cooling
Electric: 1
Heat Pump: 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
See Remarks: 1
Road Surface Type
Concrete: 1
Source of Fincl Data
Owner: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
On Street: 1
Other: 1
Electric
City Electric: 1
Gas
SW Gas: 1
Owner Pays
See Remarks: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
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: 15th Ave/Van Buren
Directions: S to Monroe/ Home on the corner
Geo Lat: 33.45057
Geo Lon: -112.09164
Property Features
Project Type: Tri-Plex; Four Plex
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition; Other
Floors: Concrete; Wood; Carpet
Sale Includes: Other (See Remarks)
Community Features: See Remarks
Appliances Included: See Remarks
Heating: Natural Gas
Cooling: Electric; Heat Pump
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: City Electric
Gas: SW Gas
Parking Features: Garage; On Street; Other
Road Surface Type: Concrete
Owner Pays: See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Owner; Other (See Remarks)
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Environmental: None
Listing Office:
Compass
Last Updated: February - 27 - 2026
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