USAAZPhoenixSteve Rayburn Subdivision1515 W Tonto St
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New
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$629,900

9 hours ago

1515 W Tonto St, Phoenix, AZ

0 Bed

0 Bath

1485 sqft

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MLS® 6987208

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Business Opportunity
Size 1485 sqft
Garage No
HOA Fees 
Taxes 
Days Active 0
Approx. Age 
Avg. Price Per Sqft $424
MLS® Number 6987208

Property Address: 1515 W Tonto St, Phoenix, AZ, 85007-3540

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

Description

Fully renovated and fully furnished, this turnkey 3-unit short-term rental in Downtown Phoenix offers strong, documented cash flow and an impressive 4.8+ star Airbnb rating. The asset generated $119, 442 in gross revenue in 2024 and $103, 198 in 2025, with a two-year average revenue of approximately $111, 320, producing operating income of $62, 272 in 2024 and $53, 719 in 2025, for a two-year average NOI of roughly $57, 996--reflecting strong operating margins of about 52%. This is a stabilized, high-margin hospitality investment ideal for investors seeking immediate cash flow, experienced short-term rental operators expanding their portfolio, or buyers looking for a prime-location income property in one of Arizona's fastest-growing urban markets. The property located in a high-demand area of Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, Van Buren. The property features one 2-bed/1-bath unit, one 1-bed/1-bath unit, and a private studio- each with its own kitchen, full bath, and separate entrance - providing three independent income streams under one roof. A separate laundry room and storage shed support efficient operations for guests and cleaning staff, while the fenced common courtyard with grill, fire pit, lounge seating, and hammock enhances guest experience and occupancy appeal.
MLS® Number6987208
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 20, 2026List Date
$629,900List Price
  • Commute

Commute

Starting Address
Destination Address
1515 W Tonto St, Phoenix, AZ

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