1502 W MONROE Street, Phoenix, AZ 85007

$645,000
Property Type: Multiple Dwellings Status: Active
Current Price: $645,000 Last Modified: 7/31/2026

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
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

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

Legal Info

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

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Phone Call
Yes

More Information

Project Type

Tri-Plex
Yes
Four Plex
Yes

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

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes
Other
Yes

Floors

Concrete
Yes
Wood
Yes
Carpet
Yes

Sale Includes

Other (See Remarks)
Yes

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

Lockbox Type

None
Yes

Community Features

See Remarks
Yes

Heating

Electric
Yes
Natural Gas
Yes

Cooling

Electric
Yes
Heat Pump
Yes

Tenant Pays

Other (See Remarks)
Yes

Appliances Included

See Remarks
Yes

Road Surface Type

Concrete
Yes

Source of Fincl Data

Owner
Yes
Other (See Remarks)
Yes

Water Source

City Franchise
Yes
Individual Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Garage
Yes
On Street
Yes
Other
Yes

Electric

City Electric
Yes

Gas

SW Gas
Yes

Owner Pays

See Remarks
Yes

New Financing

Cash
Yes
Conventional
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

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
IDX
Listing Office: Compass
Last Updated: July - 31 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.