NOT LISTED FOR SALE

1152 E Monroe St Unit 15 Phoenix, AZ 85034

Garfield Neighborhood

Estimated Value: $877,100

0.54 Acre
$1,624,259 Price per Acre
23,547 Sq Ft Lot

Sale Details

Date Sold: December 19, 2025

Last sale price $1,600,000

Est. 45% decrease in value since last sale

Current estimated payment $5,169 / mo

308 Days on Market

Highlights

  • The property is located in a historic district
  • No HOA
  • Level Lot
  • 0.54 Acre Lot

About This Lot

As of December 2025

Exceptional redevelopment opportunity in Downtown Phoenix, AZ. +/-23,500 SFT property, Zoned R-5, potential for higher density development under Walkable Urban Code and in an Opportunity Zone with potential for tax incentives. - Buyer and their experts to verify. The site is primed for transformation into multi-family housing, a modern light office space, or mixed-use development. Positioned near two key light rail stops at 12th Street and Washington, and 12th Street and Jefferson and convenient access to the I-10 and SR 51 freeways, the property ensures unparalleled accessibility. Located just 3/4 mile from the vibrant Stadium/Arena district, offering an abundance of dining, entertainment, and services.

Last Agent to Sell the Property

Brian Dellis

Realty ONE Group License #SA679853000 Listed on: 01/13/2025

Realty ONE Group

Co-Listed By

David White

Realty ONE Group License #BR007486000

Last Buyer's Agent

Hani Aldulaimi

Keller Williams Realty Phoenix License #BR533683000

Keller Williams Realty Phoenix
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,075

Lot Details

  • 23,547 Sq Ft Lot
  • Chain Link Fence
  • Level Lot
  • Additional Parcels
  • Property is zoned R5

Location

  • The property is located in a historic district

Schools

  • Lowell Elementary School

Community Details

  • No Home Owners Association
  • Porter Baxter Subdivision Of Tract B Murphys Addit

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 116-43-016

Property Details

Property Type

Land

Est. Annual Taxes

$7,075

Lot Details

0.54 Acres

Listing Details

  • Cross Street: 12th St and Monroe
  • Legal Info Range: 3E
  • Property Type: Land
  • Development Status: Raw Land, Off Site Imp Complte, On Site Imp Cmplete
  • Topography: Level
  • Zoning: R5
  • Tax Year: 2024
  • Horses: No
  • Lot Size Acres: 0.54
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: reog08
  • Co List Office Phone: 602-953-4000
  • Subdivision Name: PORTER BAXTER SUBDIVISION OF TRACT B MURPHYS ADDIT
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family, Office

Exterior Features

  • Fencing: Chain Link
  • Lot Features: Historic District
  • Disclosures: Other (See Rmks), ALTA Survey Alba
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Lowell Elementary School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Lowell Elementary School

Lot Info

  • Lot Size: 235' X 104'
  • Lot Size Sq Ft: 23547.0
  • Additional Parcels: Yes
  • Parcel #: 116-43-016

Tax Info

  • Tax Annual Amount: 7075.08
  • Tax Book Number: 116.00
  • Tax Lot: 15
  • Tax Map Number: 43.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2025
Closed on
Dec 17, 2025
Sold by
Bought by
Seller's Agent
Brian Dellis
Realty ONE Group
Buyer's Agent
Hani Aldulaimi
Keller Williams Realty Phoenix
List Price
$2,100,000
Sold Price
$1,600,000
Premium/Discount to List
-$500,000
-23.81%
Views
32
Current Estimated Value
$877,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$722,900

Purchase Details

Closed on
Feb 20, 2024
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Garfield, AZ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,600,000 Pioneer Title Agency
$1,025,000 Pioneer Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $250,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/19/2025 12/19/25 Sold $1,600,000 -17.9% --
11/17/2025 11/17/25 Pending -- -- --
09/02/2025 09/02/25 Price Changed $1,950,000 -7.1% --
01/13/2025 01/13/25 For Sale $2,100,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,238 $29,837
2024 $3,951 $28,416
2023 $3,951 $41,460 $22,560 $18,900
2022 $0 $39,120 $21,735 $17,385
2021 $0 $38,700 $21,735 $16,965
2020 $0 $37,725 $20,670 $17,055
2019 $0 $35,595 $19,320 $16,275
2018 $0 $25,935 $9,930 $16,005
2017 $0 $21,960 $10,335 $11,625
2016 $0 $20,370 $9,390 $10,980
2015 -- $19,696 $9,728 $9,968
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6804118

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-43-016

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