2916 E Monroe Street, Phoenix, AZ 85034

Phoenix
Local realty services provided by:HUNT Real Estate ERA
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 11, 2026 at 05:16 PM

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
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