1507 W Tonto Street, Phoenix, AZ 85007

Phoenix
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
1507 W Tonto Street,Phoenix, AZ 85007
$530,000
  • 5 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: ari verma
Office: fathom realty
MLS#:7098734
Source:ARMLS

Price summary

  • Price:$530,000

About this home

This Central City triplex delivers IMMEDIATE INCOME with $4000+ in gross monthly rent already locked in. Three SEPARATELY METERED units--two in the front building, one standalone in back, all currently leased. This property checks all the boxes: immediate income, low management overhead, and clear upside. Central City location means solid tenant demand and easy access to downtown Phoenix. True hands-off operation with SEPARATE ENTRANCES for each unit, private outdoor space, requiring minimal active management and maintaining strong tenant satisfaction. Whether you're a first-time house hacker seeking to reduce your housing costs or an experienced investor building a multifamily portfolio, this three-unit property offers flexibility, immediate income, and growth potential in a stable rental market. Hurry! This won't last. DRIVE-BY ONLY--do not disturb tenants. Walkthroughs by accepted offer only. Buyer to verify all information.

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Home facts

  • Year built:1960
  • Subdivision & Development:STEVE RAYBURN SUBDIVISION
  • Listing ID #:7098734
  • Updated:October 30, 2026 at 05:12 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Flooring:Tile

Heating and cooling

  • Cooling:Ceiling Fan(s), Heat Pump
  • Heating:Heat Pump
  • Central air:Yes

Structure and exterior

  • Year built:1960
  • Construction Materials:Brick, Painted

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$530,000
  • Tax amount:$839 (2025)

Parking

  • Total parking spaces:4
  • Parking description:Additional Parking Available, Assigned, Free Parking
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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