1005 E Moreland Street, Phoenix, AZ 85006
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
1005 E Moreland Street,Phoenix, AZ 85006
$699,000
- 4 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: john p galaviz
Office: exp realty
MLS#:7074894
Source:ARMLS
Price summary
- Price:$699,000
About this home
Live in the main home while collecting $2,190/month in rental income from two tenant-occupied guest houses! Located in the heart of the Garfield Historic District, offers historic charm, flexible living and built-in income just minutes from Downtown Phoenix. The main residence features 2 bedrooms & 2 bathrooms with new flooring, new windows, remodeled bathrooms, & fresh interior & exterior paint. Unit 2 rents for $1,295/month with a lease through March 31, 2027, and Unit 3 rents for $895/month with a lease through July 31, 2027. A rare opportunity to enjoy a move-in-ready home while rental income helps offset your monthly housing costs. Ideal for an owner occupant, investor, or anyone looking for additional income potential in one of Downtown Phx's most established historic neighborhoods. Buyers exploring FHA or other low down payment owner-occupied financing may find this especially compelling, subject to lender and property eligibility requirements.
For investors, the property offers three separate living spaces in one of Central Phoenix's most recognizable historic neighborhoods, with two units already producing income and additional upside through the vacant main residence. The configuration also works well for multigenerational living, extended family, or a combination of personal use and rental income.
Located just minutes from Downtown Phoenix, Roosevelt Row, Banner University Medical Center, dining, entertainment, major employment centers, freeways, and Phoenix Sky Harbor International Airport, this is the type of central infill property that is increasingly difficult to replicate. Historic character, existing rental income, and multiple paths for occupancy make 1005 E Moreland St a standout opportunity for buyers looking to live, invest, or do both....
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Home facts
- Year built:1926
- Subdivision & Development:BRILLS ADDITION AMD
- Listing ID #:7074894
- Updated:September 22, 2026 at 03:30 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Flooring:Concrete, Laminate
Heating and cooling
- Cooling:Ceiling Fan(s)
- Heating:Natural Gas
- Central air:Yes
Structure and exterior
- Year built:1926
- Lot area:0.15 Acres
- Construction Materials:Painted, Stucco
Schools
- High school:Phoenix Union Bioscience High School
- Middle school:Garfield School
- Elementary school:Garfield School
Utilities
- Water:City Franchise
Finances and disclosures
- Price:$699,000
- Tax amount:$906 (2025)
Parking
- Total parking spaces:3
- Parking description:1 Parking Space/Unit
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