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2916 E Monroe Street, Phoenix, AZ 85034

Phoenix
Local realty services provided by:CENTURY 21 Arizona Foothills
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:June 04, 2026 at 02:59 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
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. ARMLS Member Broker: Floyd Scott

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