1502 W MONROE Street, Phoenix, AZ 85007

$615,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $615,000 Last Modified: 10/24/2026

Overview

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.

Listing Details MLS# 6990515

Location, Tax & Legal

House Number: 1502
Compass: W
Street Name: MONROE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2610
Country: US
County Code: Maricopa
Subdivision: CAPITOL ADDITION BLOCKS 3-6 12-14 TRACT A
Assessor Number: 112-02-024
Tax Year: 2025

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 8400
Year Built: 1911
Uncvrd Parking Spcs: 3
Total # of Units: 3
# of Buildings: 2
Zoning: R5
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

Remarks Misc

Cross Street: 15th Ave/Van Buren
Directions: S to Monroe/ Home on the corner

Status Change Info

Off Market Date: 2026-10-24
Under Contract Date: 2026-09-18
Close of Escrow Date: 2026-10-23

Legal Info

Township: 1N
Range: 3E
Section: 7
Block: Yes
Lot Number: 30

More Information

Showing Notification Methods

Showing Service: No Showing Service Used

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $

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

Office Phone: 480-776-1555

Office Email: lexie.fabor@compass.com

Last Updated: October - 24 - 2026