2440 E Monroe St Phoenix, AZ 85034
Central City NeighborhoodEstimated payment $3,341/month
Highlights
- Multiple cooling system units
- Ceramic Tile Flooring
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
Fantastic location within walking distance to the light rail, close to the airport and downtown Phoenix. Exterior recently painted, new roofs, laundry in 4 of the 5 units, 4 new a/c units and all units have tankless hot water heaters. Each of the units have had improvements upon vacancy such as: tiled flooring, tiled showers, backsplash and interior paint. Property is individually metered for electric. Lots of investor development in this area!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,144
Year Built
- Built in 1940
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
Flooring
- Ceramic Tile Flooring
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
Schools
- Wilson Elementary Middle School
Utilities
- Multiple cooling system units
- Central Air
- Heating Available
- Master Water Meter
Listing and Financial Details
- The owner pays for water, landscaping
- Tax Lot 4
- Assessor Parcel Number 121-63-016
Community Details
Overview
- 2 Buildings
- 5 Units
- Building Dimensions are 7754
- Hialeah Subdivision
Building Details
- Operating Expense $9,742
- Gross Income $76,800
- Net Operating Income $67,058
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 | $2,293 | $16,436 | -- | -- |
| 2024 | $2,154 | $15,654 | -- | -- |
| 2023 | $2,154 | $35,970 | $7,190 | $28,780 |
| 2022 | $2,029 | $25,650 | $5,130 | $20,520 |
| 2021 | $2,059 | $20,280 | $4,050 | $16,230 |
| 2020 | $2,050 | $16,150 | $3,230 | $12,920 |
| 2019 | $2,041 | $13,650 | $2,730 | $10,920 |
| 2018 | $2,017 | $12,300 | $2,460 | $9,840 |
| 2017 | $1,875 | $11,460 | $2,290 | $9,170 |
| 2016 | $1,919 | $11,950 | $3,650 | $8,300 |
| 2015 | $1,783 | $10,590 | $3,680 | $6,910 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/16/2026 02/16/26 | Price Changed | $609,000 | -0.2% | -- |
| 02/06/2026 02/06/26 | Price Changed | $610,000 | -22.7% | -- |
| 01/24/2026 01/24/26 | For Sale | $789,000 | 0.0% | -- |
| 01/20/2026 01/20/26 | Off Market | $789,000 | -- | -- |
| 01/06/2026 01/06/26 | For Sale | $789,000 | 0.0% | -- |
| 01/02/2026 01/02/26 | Off Market | $789,000 | -- | -- |
| 12/03/2025 12/03/25 | Price Changed | $789,000 | -0.6% | -- |
| 11/17/2025 11/17/25 | Price Changed | $794,000 | -1.2% | -- |
| 11/10/2025 11/10/25 | Price Changed | $804,000 | -1.2% | -- |
| 11/03/2025 11/03/25 | Price Changed | $814,000 | -1.2% | -- |
| 10/27/2025 10/27/25 | Price Changed | $824,000 | -1.2% | -- |
| 10/21/2025 10/21/25 | Price Changed | $834,000 | -1.2% | -- |
| 10/14/2025 10/14/25 | Price Changed | $844,000 | -0.6% | -- |
| 10/01/2025 10/01/25 | Price Changed | $849,000 | -1.2% | -- |
| 09/02/2025 09/02/25 | Price Changed | $859,000 | +45.8% | -- |
| 09/02/2025 09/02/25 | For Sale | $589,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Grand Canyon Title Agency | |
| Warranty Deed | -- | None Available | |
| Receivers Deed | $55,200 | Grand Canyon Title Agency | |
| Cash Sale Deed | $200,000 | Empire Title Agency Of Az Ll | |
| Interfamily Deed Transfer | -- | -- | |
| Joint Tenancy Deed | $40,933 | Old Republic Title Agency | |
| Joint Tenancy Deed | -- | Old Republic Title Agency |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $110,000 | Commercial | |
| Previous Owner | $44,160 | Commercial |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6913810
APN: 121-63-016
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
- 2505 E Monroe St
- 2502 E Washington St
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- 2802 E Van Buren St
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- 2329 E Mckinley St Unit 14
- 2901 E Van Buren St Unit 19
- 1729 E Jefferson St Unit 5
- 2912 E Monroe St
- 1008 N 27th St
- 2708 E Roosevelt St
- 2236 E Roosevelt St
- 1002 N 27th Place
- 1018 N 22nd Place
- 30 N 20th St Unit 1
- 2245 E Portland St
- 1900 E Adams St Unit 13
- 1842 E Washington St Unit 22
- 1426 E Washington St Unit 19 & 20
- 2142 E Taylor St Unit 7
- 1037 N 25th St Unit 2
- 419 N 20th St Unit 2
- 419 N 20th St Unit 1
- 1918 E Adams St Unit 4
- 622 N 30th Place Unit 4
- 1126 N 27th St Unit 5
- 919 N 20th St
- 3002 E Mckinley St Unit 4
- 125 N 18th St
- 2501 E Culver St Unit C
- 1333 N 24th St
- 2537 E Willetta St Unit 1
- 2646 E Willetta St
- 1414 N 27th St Unit 1
- 411 N 32nd Place
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- 3205 E Garfield St
- 1646 E Mckinley St Unit 4
- 1646 E Mckinley St Unit 2
Ask me questions while you tour the home.