1515 W Tonto Street, Phoenix, AZ 85007

Local realty services provided by:CENTURY 21 Northwest Realty
1515 W Tonto Street,Phoenix, AZ 85007
$649,000
  • 4 Beds
  • 3 Baths
  • 1,485 sq. ft.
  • Single family
  • Active
Listed by: natalia yalin
Office: exp realty
MLS#:6944308
Source:ARMLS

Price summary

  • Price:$649,000
  • Price per sq. ft.:$437.04

About this home

Fully RENOVATED 3-UNIT Turnkey Short-Term Rental in Central Phoenix! Cap rate 10%+, average occupancy 75%, and strong Airbnb rating of 4.8+ stars! Comes with confirmed future bookings totaling over $5,500 through Mar 1, 2026. Property consists of one 2-bed/1-bath unit, one 1 bed/1 bath unit and private studio — each with its own kitchen, full bath, and separate entrance. The separate laundry room & shed serves gusts and maids. A fenced common courtyard offers a grill, fire pit, and lounge area with hammock — perfect for guest enjoyment. Separate maintenance/storage shed for cleaning crew and supplies. Every unit comes with furniture and decor. The property located in a high-demand area near Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, and the airport. R-3 Multifamily Zoning allows flexibility for future expansion or redevelopment. Expect immediate income with no additional work required!

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Home facts

  • Year built:1943
  • Listing ID #:6944308
  • Updated:January 29, 2026 at 06:42 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:1,485 sq. ft.

Heating and cooling

  • Cooling:Mini Split
  • Heating:Electric

Structure and exterior

  • Year built:1943
  • Building area:1,485 sq. ft.
  • Lot area:0.15 Acres

Schools

  • High school:Carl Hayden High School
  • Middle school:Paul Dunbar Lawrence School
  • Elementary school:Paul Dunbar Lawrence School

Utilities

  • Water:City Water

Finances and disclosures

  • Price:$649,000
  • Price per sq. ft.:$437.04
  • Tax amount:$983 (2025)
All 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.