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Renovated Multi-Family Active Airbnb

1502 W MONROE Street, Phoenix, AZ 85007

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For Sale

$650,000

MULTI_FAMILY - Phoenix, AZ

HighLights

Income‑producing property operating as an active Airbnb in Downtown Phoenix's Historic District
Fully remodeled 1911 Craftsman with 8 bedrooms and 4.5 baths in the main residence
Separate 2 bed / 1 bath apartment above the 2‑car garage with full kitchen for additional rental income or guest quarters
Unique basement/bomb shelter suitable for storage, wine cellar, or flex space
Prime location minutes from Downtown Phoenix attractions (The Van Buren, Japanese Friendship Garden, Chase Field)
Corner lot with a blend of historic charm and modern amenities

We can help!

Listing Contact

Danny Kallay

For Sale

$650,000

MULTI_FAMILY - Phoenix, AZ

Added:: Feb 26, 2026
Days on Market:: 110
Last Refresh:: Jun 16 at 10:06 pm

Property Features for 1502 W MONROE Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R5
Parking features: On Street
Standard status: Active
APN: 112-02-024

Taxes and HOA fees

Tax Year: 2025
Tax Description: CAPITOL LOT 30 & E 20' OF LOT 29 BLK 1
Tax Annual Amount: 1818

Utilities

Sewer type: Public Sewer
Heating system: Natural Gas, Electric (Heating)
Cooling system: Electric, Heat Pump

Building Details

Year built: 1911
Number of units: 3
Flooring type: Wood, Carpet, Concrete
Building materials: Wood Frame, Painted, Stucco, Block
Roof type: Composition

We can help!

Listing Contact

Danny Kallay

Listing agent Danny Kallay License #SA512397000

Listing office Compass 4222 N Marshall Way Suite A, Scottsdale, AZ

Listing date Feb 26, 2026

MLS# 6990515 Listing URL

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Income‑producing property operating as an active Airbnb in Downtown Phoenix's Historic District
Fully remodeled 1911 Craftsman with 8 bedrooms and 4.5 baths in the main residence
Separate 2 bed / 1 bath apartment above the 2‑car garage with full kitchen for additional rental income or guest quarters
Unique basement/bomb shelter suitable for storage, wine cellar, or flex space
Prime location minutes from Downtown Phoenix attractions (The Van Buren, Japanese Friendship Garden, Chase Field)
Corner lot with a blend of historic charm and modern amenities

Overview

This renovated multi-family property, originally built in 1911, is located in Phoenix, AZ. The property is currently operating as an active Airbnb. The main residence features 8 bedrooms and 4.5 baths. A unique basement, described as a bomb shelter, offers potential for storage, a wine cellar, or a creative flex space. Above the detached 2-car garage, there is a separate 2 bed / 1 bath apartment with a full kitchen. The property is positioned on a corner lot and is located minutes from Downtown Phoenix attractions including The Van Buren, the Japanese Friendship Garden, and Chase Field. The property is zoned R5.

Property Profile Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Location Insight

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Local Demand

City: Phoenix
County: Maricopa
State: Arizona
Longitude: -112.09164
Latitude: 33.45057

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For sale
Short term rental properties
AZ
Phoenix
85007
1502 W MONROE Street

What type of property is this?

Short term rental property - Remodeled 1911 Craftsman near Downtown Phoenix attractions.

Where is this short term rental property located?

The property is located at 1502 W MONROE Street Phoenix, AZ.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Income‑producing property operating as an active Airbnb in Downtown Phoenix's Historic District; Fully remodeled 1911 Craftsman with **8 bedrooms and 4.5 baths** in the main residence; Separate 2 bed / 1 bath apartment above the 2‑car garage with full kitchen for additional rental income or guest quarters

1502 W MONROE Street, Phoenix, AZ 85007

MULTI_FAMILY - Phoenix, AZ

Property Features for 1502 W MONROE Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Licensed Behavioral Health Center

Assisted Living Licensed Home

Phoenix Assisted Living Investment Property

Office/Flex Mixed-Use Property

Turnkey Phoenix Short-Term Rental

Side-by-Side Duplex Investment

2025-Built Duplex Investment

Side-by-Side 2025 Duplexes

5-Unit Multifamily with Recent Renovations

Two-Bedroom Fourplex with Private Yards

Phoenix Duplex with Rental Potential

Fourplex Residential Income Property

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