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1515 W Tonto Street, Phoenix, AZ 85007

Phoenix
Local realty services provided by:CENTURY 21 Desert Estates Realty
1515 W Tonto Street,Phoenix, AZ 85007
$619,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: natalia yalin
Office: my home group real estate
MLS#:6953631
Source:ARMLS

Price summary

  • Price:$619,000

About this home

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...

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Home facts

  • Year built:1943
  • Listing ID #:6953631
  • Updated:May 14, 2026 at 02:55 PM

Rooms and interior

  • Flooring:Tile

Heating and cooling

  • Cooling:Ceiling Fan(s), Electric, Individual Cooling, Wall/Window Unit
  • Heating:Electric, Window Wall Heating Unit(s)

Structure and exterior

  • Year built:1943
  • Construction Materials:Block, Stucco

Schools

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

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$619,000
  • Tax amount:$983 (2025)

Parking

  • Total parking spaces:2
  • Parking description:Carport
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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