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Listed price in listed location currency (USD).
$1,040,000

0015

MLS® 6990042

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage 
Taxes $1,557
Days Active 69
Lot Size 
Approx. Age 1944
MLS® Number 6990042

Property Address: 2916 E Monroe St, Phoenix, AZ, 85034-1512

Average square foot calculated using Size range provided by listing agent.

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 mix mix: (3) studios, (3) one-bedrooms, (2) two-bedrooms, and (1) large three-bedroom unit over 1, 000 SF. The asset offers a cap rate of 7.79% on current financials resulting in stable cash flow with upside potential. 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.
MLS® Number6990042
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1944
Basement
DrivewayOther, >1 Space Per Unit, On Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 26, 2026List Date
$1,040,000List Price
  • Commute

Commute

Starting Address
Destination Address
2916 E Monroe St, Phoenix, AZ

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