1506 E MONROE Street, Phoenix, AZ 85034

$399,500
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,221 Lot Size (sq. ft.): 6,750 Status: Closed
Current Price: $399,500 Last Modified: 10/20/2026

Overview

Description

Nestled in the heart of downtown Phoenix, this updated 3-bedroom, 2-bathroom home offers a blend of charm and opportunity. With sought-after R-5 zoning, the property is primed for multi-family development, making it an ideal investment or house hacking opportunityâ€''live in one part while renting out the rest to offset your mortgage. Recent updates include wide plank flooring, kitchen and bathroom remodels, and a roof refresh in 2020 and 2024. Large windows fill the home with natural light. The spacious backyard features a 10x10 concrete pad and endless possibilities for your vision. Close to top dining spots and entertainment venues, this home is move-in ready or ready for your next development project. Don't miss out on this fantastic opportunity in a rapidly growing area!

Listing Details MLS# 6777514

Location, Tax & Legal

House Number
1506
Compass
E
Street Name
MONROE
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85034
Zip4
1131
Country
US
County Code
Maricopa
Assessor Number
116-46-015
Subdivision
COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40
Tax Year
2024

Contract Information

Type
Exclusive Right To Sell
Ownership
Fee Simple
Co-Ownership (Fractional) Agreement YN
No

General Property Description

Dwelling Type
Single Family Residence
Dwelling Styles
Detached
Exterior Stories
Yes
# of Interior Levels
Yes
# Bedrooms
3
Total Bathrooms
2
Approx SQFT
1221
Price/SqFt
327.19
Horses
N
Builder Name
UNK
Year Built
1941
Lead Based Hazard Disclosure
Yes
Approx Lot SqFt
6750
Approx Lot Acres
0.155
Community Pool Y/N
No
Private Pool Y/N
No
Fireplace YN
No
Elementary School District
Wilson Elementary District
High School District
Phoenix Union High School District
Elementary School
ASU Preparatory Academy - Polytechnic Elementary
Jr. High School
ASU Preparatory Academy - Phoenix Middle School
High School
ASU Preparatory Academy - Phoenix High School

Remarks Misc

Cross Street
16th Street and Van Buren
Directions
Heading West on Van Buren turn South on 15th St. Continue South on 15th St to Monroe St., turn East on Monroe to house on the North side of road

Status Change Info

Off Market Date
2025-03-19
Under Contract Date
2025-03-11
Close of Escrow Date
2025-03-19

Legal Info

Township
1N
Range
3E
Section
9
Lot Number
14

More Information

Basement

Basement Y/N
N

Items Updated

Floor Yr Updated
2024
Wiring Yr Updated
2020
Plmbg Yr Updated
2020
Ht/Cool Yr Updated
2010
Roof Yr Updated
2020
Kitchen Yr Updated
2024
Bath(s) Yr Updated
2024

Parking Spaces

Carport Spaces
Yes
Slab Parking Spaces
2
Total Covered Spaces
Yes

Showing Notification Methods

Showing Service
Aligned Showings

Sold Info

Loan Type
Cash
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Special Listing Cond: N/A Add'l Property Use: Other Master Bathroom: 3/4 Bath Master Bdrm Flooring: Tile; Vinyl; Wood Window Features: Dual Pane Spa: None Dining Area: Dining in LR/GR Kitchen Features: Gas Oven; Gas Range; Disposal; Dishwasher; Refrigerator; Granite Counters Laundry: Washer Hookup; Gas Dryer Hookup Interior Features: No Interior Steps Technology: High Speed Internet Exterior Features: Covered Patio(s); Other Road Responsibility: City Maintained Road Construction: Adobe Const - Finish: Painted; Stucco Roofing: Composition Cooling: Central Air Heating: Natural Gas Plumbing: Gas Hot Water Heater Utilities: APS; SW Gas Water Source: City Water Sewer: Sewer - Public Fencing: Wrought Iron; Block Landscaping: Gravel/Stone Front; Synthetic Grass Frnt; Yrd Wtring Sys Front Lockbox Type: Supra Possession: By Agreement Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Disclosures: Seller Discl Avail; Agency Discl Req

Documents

IDX
Listing Office: Realty ONE Group Mountain Desert
Office Phone: 928-862-4035
Last Updated: October - 20 - 2026
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