2916 E Monroe StreetPhoenix, AZ 85034

Description

9-unit multifamily investment opportunity in Phoenix, AZ. Built in 1946, the property spans two contiguous parcels (2916 and 2920 E. Monroe Street) and features a diverse unit mix: three studios, three one-bedrooms, two two-bedrooms, and one large three-bedroom unit over 1,000 SF. The asset offers stable current cash flow with upside potential through interior and exterior renovations. Current ownership has already completed a full sewer line replacement, mitigating a major capital expense. Strategically located, the property provides convenient access to Downtown Phoenix, Phoenix Sky Harbor International Airport, and major transportation corridors (Loop 202 and I-10), ensuring strong long-term tenant demand and investment stability.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1944

Lot dimensions

100 ft x 150 ft

Parking spaces

15

Zoning

R-5

Days on market

2

Listing #

7103349

Property Features

Appliances

Built-In Range · Free-Standing Range · Refrigerator · Microwave · Other

Cooling

Central Air · Varies by Unit

Heating

Electric · Heat Pump · Varies by Unit · See Remarks

Flooring

Ceramic Tile · Other

Parking

Other · On Street

Construction

Other · Stucco

Roof

Composition · Other

Sewer

Public Sewer

Water source

Public

Schools

Middle

Wilson Elementary School

Financial Details

Annual taxes

$1,557Tax year 2025

Parcel number

121-65-018