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1502 W MONROE Street, Phoenix, AZ, 85007

--beds
--baths
--sqft
$650,000
--price/sqft
$3,951/moest. monthly cost
$158,040/yrincome needed

About This Home

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.

Getting Around

70
WalkingVery Walkable
52
TransitGood Transit
80
BikeVery Bikeable

Schools

5/10
3/10
Central High SchoolGrades 9-123.7 mi

Construction

Condition

  • Year built: 1911

Materials

  • Roof: Other,Composition
  • Construction materials: Wood Frame,Painted,Stucco,Block

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: See Remarks

Features

  • Flooring: Carpet,Wood,Concrete

Heating & Cooling

  • Heating features: Electric,Natural Gas
  • Cooling features: Electric,Heat Pump

Property

Details

  • Parcel number: 11202024
  • Zoning: R5

Lot

  • Lot size: 8,400 sqft
  • Lot size dimensions: 8400

Parking

  • Total spaces: 5
  • Parking features: Other,On Street
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 3