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2916 E Monroe Street, Phoenix, AZ 85034

Phoenix
Local realty services provided by:CENTURY 21 Toma Partners
2916 E Monroe Street,Phoenix, AZ 85034
$995,000
  • 13 Beds
  • 9 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: bradley skenderian, kyle inman
Office: matthews of arizona
MLS#:7103349
Source:ARMLS

Price summary

  • Price:$995,000

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 unit mix: three studios, three one-bedrooms, two two-bedrooms, and one large three-bedroom unit over 1,000 SF. The asset offers stable current cash flow with upside potential through interior and exterior renovations. 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
  • Subdivision & Development:EL MOLINO PLACE
  • Listing ID #:7103349
  • Updated:November 07, 2026 at 12:49 AM

Rooms and interior

  • Bedrooms:13
  • Total bathrooms:9
  • Flooring:Ceramic Tile

Heating and cooling

  • Heating:Electric, Heat Pump
  • 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:$995,000
  • 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: Benjamin Toma

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