2916 E Monroe Street, Phoenix, AZ 85034

Phoenix
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
2916 E Monroe Street,Phoenix, AZ 85034
$1,040,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: bradley skenderian
Office: matthews real estate investment services
MLS#:6990042
Source:ARMLS

Price summary

  • Price:$1,040,000

About this home

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.

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Home facts

  • Year built:1944
  • Listing ID #:6990042
  • Updated:July 25, 2026 at 03:14 PM

Rooms and interior

  • Flooring:Ceramic Tile

Heating and cooling

  • Cooling:Individual Cooling
  • Heating:Electric, Heat Pump, Individual Heating
  • Central air:Yes

Structure and exterior

  • Year built:1944
  • Construction Materials:Painted, Stucco

Schools

  • Middle school:Wilson Elementary School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$1,040,000
  • Tax amount:$1,557 (2025)

Parking

  • Total parking spaces:15
  • Parking description:More Than 1 Parking Space/Unit
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