1506 E MONROE Street, Phoenix, AZ 85034 (MLS# 6777514)

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: 8/19/2026

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
Assessor's Map #: 46
Legal Description (Abbrev): COLLINS
Assessor's Parcel #: 15
Tax Municipality: Phoenix
Taxes: 2082

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 $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Special Listing Cond

N/A: Yes

Construction

Adobe: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Association & Fees

HOA Y/N: N
PAD Fee Y/N: N
Land Lease Fee Y/N: N
Ttl Mthly Fee Equiv: 0

Lockbox Type

Supra: Yes

Master Bathroom

3/4 Bath Master Bdrm: Yes

Add'l Property Use

Other: Yes

Flooring

Tile: Yes
Vinyl: Yes
Wood: Yes

Window Features

Dual Pane: Yes

Dining Area

Dining in LR/GR: Yes

Heating

Natural Gas: Yes

Kitchen Features

Dishwasher: Yes
Disposal: Yes
Gas Oven: Yes
Gas Range: Yes
Refrigerator: Yes
Granite Counters: Yes

Cooling

Central Air: Yes

Interior Features

No Interior Steps: Yes

Laundry

Washer Hookup: Yes
Gas Dryer Hookup: Yes

Separate Den/Office

Sep Den/Office Y/N: N

Road Responsibility

City Maintained Road: Yes

Technology

High Speed Internet: Yes

Fencing

Block: Yes
Wrought Iron: Yes

Water Source

City Water: Yes

Exterior Features

Covered Patio(s): Yes
Other: Yes

Spa

None: Yes

Sewer

Sewer - Public: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Plumbing

Gas Hot Water Heater: Yes

Utilities

APS: Yes
SW Gas: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Landscaping

Gravel/Stone Front: Yes
Synthetic Grass Frnt: Yes
Yrd Wtring Sys Front: Yes

Disclosures

Seller Discl Avail: Yes
Agency Discl Req: Yes

Possession

By Agreement: Yes

Association Fee Incl

No Fees: Yes

Assoc Rules/Info

None: Yes

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

LBP ›

Listing Office: Realty ONE Group Mountain Desert

Last Updated: August - 19 - 2026