1502 W Monroe St Phoenix, AZ 85007
Governmental Mall NeighborhoodEstimated payment $3,535/month
Highlights
- Cooling Available
- Phoenix Coding Academy Rated A
- Heating System Uses Natural Gas
About This Home
Multi-Family | Fully Remodeled | Active Airbnb in Downtown's Historic District. This beautifully renovated 1911 Craftsman offers a rare, income-producing setup with space, charm, and flexibility. The main residence features 8 bedrooms and 4.5 baths, plus a unique basement/bomb shelter ideal for storage, a wine cellar, or a creative flex space. Above the detached 2-car garage, a separate 2 bed / 1 bath apartment with a full kitchen provides an additional rental stream or private guest quarters. Positioned on a corner lot and currently operating as an active Airbnb, this property is minutes from major Downtown Phoenix attractions including The Van Buren, the Japanese Friendship Garden, and Chase Field.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,818
Year Built
- Built in 1911
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stucco
Parking
- 3 Open Parking Spaces
- 5 Parking Spaces
- 2 Covered Spaces
Schools
- Kenilworth Elementary School
- Central High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Heat Pump System
Listing and Financial Details
- Legal Lot and Block 30 / 1
- Assessor Parcel Number 112-02-024
Community Details
Overview
- 2 Buildings
- 3 Units
- Building Dimensions are 8400
- Capitol Addition Blocks 3 6 12 14 Tract A Subdivision
Building Details
- Operating Expense $1,818
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $1,818 | $12,799 | -- | -- |
| 2024 | $1,695 | $12,190 | -- | -- |
| 2023 | $1,695 | $19,860 | $3,972 | $15,888 |
| 2022 | $1,649 | $16,029 | $3,206 | $12,823 |
| 2021 | $1,636 | $15,023 | $3,001 | $12,022 |
| 2020 | $1,627 | $15,046 | $3,007 | $12,039 |
| 2019 | $1,624 | $14,993 | $2,995 | $11,998 |
| 2018 | $1,051 | $11,237 | $2,246 | $8,991 |
| 2017 | $1,026 | $10,471 | $2,094 | $8,377 |
| 2016 | $1,014 | $8,588 | $1,714 | $6,874 |
| 2015 | $938 | $8,775 | $1,755 | $7,020 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/26/2026 02/26/26 | For Sale | $650,000 | +79.6% | -- | |
| 07/15/2022 07/15/22 | Sold | $362,000 | -15.7% | $164 / Sq Ft | View Prior Sale |
| 06/14/2022 06/14/22 | For Sale | $429,500 | 0.0% | $194 / Sq Ft | |
| 06/14/2022 06/14/22 | Price Changed | $429,500 | -2.3% | $194 / Sq Ft | |
| 06/11/2022 06/11/22 | Price Changed | $439,500 | 0.0% | $199 / Sq Ft | |
| 06/10/2022 06/10/22 | Pending | -- | -- | -- | |
| 06/09/2022 06/09/22 | Pending | -- | -- | -- | |
| 06/07/2022 06/07/22 | Price Changed | $439,500 | -6.4% | $199 / Sq Ft | |
| 05/27/2022 05/27/22 | For Sale | $469,500 | -- | $212 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $362,000 | New Title Company Name | |
| Warranty Deed | -- | New Title Company Name | |
| Warranty Deed | $350,440 | New Title Company Name | |
| Contract Of Sale | $250,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Warranty Deed | -- | Fidelity National Title | |
| Contract Of Sale | $10,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $450,000 | New Conventional | |
| Previous Owner | $310,000 | New Conventional | |
| Previous Owner | $120,000 | New Conventional | |
| Closed | $0 | Seller Take Back | |
| Closed | $15,000 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6990515
APN: 112-02-024
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
- 1514 W Monroe St
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Ask me questions while you tour the home.