1317 W Monroe Street, Phoenix, AZ 85007
- $850,000
- List Price
- $850,000
- Status
- ACTIVE
- Price Change
- ▼ $15,000 1779848661
- Days on Market
- 144
- MLS#
- 7003581
- City
- Phoenix
- Year Built
- 1926
Property Description
Fantastic investment opportunity in a gorgeous historic neighborhood near the Arizona State Capitol in the heart of Central Phoenix. This well-maintained fourplex features 4 beautifully remodeled efficiency units, consistently in demand with both short- and long-term tenants. Each fully furnished unit offers a private kitchenette w/ stainless steel gas range, refrigerator, & microwave, along with a well-appointed bathroom w/ shower. Windows in the property were replaced approximately 4 years ago. Property includes an inviting front porch and a detached one-car garage with water plumbing, offering potential for conversion into a fifth rental unit. Ideally situated on a peaceful, tree-lined street close to dining, shopping, sports venues, and entertainment. Buyer to verify all information.
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Additional Information
- Taxes
- $1,438
- Net Operating Income
- $114,000
- Cap Rate
- 13.41
- Units
- 4
- Parking Features
- On Street, See Remarks, Detached Garage
- Construction
- Block, Brick, Painted, Brick Veneer
- Roofing
- Composition
- Cooling
- Evaporative Cooling, Window/Wall Unit, See Remarks, Ceiling Fan(s)
- Heating
- Natural Gas
- Zoning
- R5
- Exterior Features
- Sidewalk(s)
- Subdivision
- Woodland Place
- Community Features
- No Pool
- Electric
- APS, Individual Meter
- Water
- City Franchise
- Tenant Pays
- Electricity, Gas
- New Financing
- VA Loan, Conventional, Cash
- Elementary School
- Paul Dunbar Lawrence School
- Middle School
- Paul Dunbar Lawrence School
- High School
- Central High School
Mortgage Calculator
Listing courtesy of Redfin Corporation.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.