1515 W Tonto Street, Phoenix, AZ 85007

Phoenix
Local realty services provided by:Success Property Brokers ERA Powered
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#:7087258
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
  • Subdivision & Development:STEVE RAYBURN SUBDIVISION
  • Listing ID #:7087258
  • Updated:October 06, 2026 at 03:12 PM

Rooms and interior

  • Flooring:Tile

Heating and cooling

  • Cooling:Ceiling Fan(s), Electric, 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:$1,031 (2026)

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. ARMLS Member Broker: Byron Short

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