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    1515 W Tonto St Phoenix, AZ 85007

    New
    For Sale
    $675,000

    MULTI_FAMILY - Phoenix, AZ

    Days on Market:
    2
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1515 W Tonto St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    Rooms
    Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
    Bedrooms
    3
    APN
    112-14-112
    Parking features
    Carport
    Appliances
    Dishwasher, Refrigerator, Free-Standing Gas Oven, Built-In Gas Oven, Microwave, Washer/Dryer

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Other (Heating), Electric (Heating)
    Cooling system
    Ceiling Fan(s), Wall/Window Unit(s), Wall Unit(s), Electric

    Building Details

    Year built
    1943
    Number of units
    3
    Building materials
    Stucco, Block
    Roof type
    Composition

    eXp Realty, LLC (602) 525-3224 [email protected]

    Listing agent Natalia Yalin (858) 729-4377

    Listing date Dec 4, 2025

    MLS# 6953631 Listing URL

    Copyright © 2025 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.

    Overview

    Renovated Turnkey Short-Term Rental

    This fully renovated 3-unit property is a turnkey short-term rental located in central Phoenix. The property has a strong Airbnb rating of 4.8+ stars and an average occupancy of 75%. It consists of one 2-bed/1-bath unit, one 1-bed/1-bath unit, and a private studio, each featuring its own kitchen, full bath, and separate entrance. The property includes confirmed future bookings totaling over $5,500 through Jan 1, 2026. A fenced common courtyard provides a grill, fire pit, and lounge area with a hammock. A separate laundry room and shed serve guests and maids. Every unit comes with furniture and decor. The property is located in a high-demand area near Downtown Phoenix, minutes from Chase Field, the Convention Center, and ASU Downtown, and Roosevelt Row. The zoning is R-3. A separate maintenance/storage shed is available for the cleaning crew and supplies. The property is intended for use as a short-term rental.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.091989
    Latitude
    33.438322

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    FAQs

    What type of property is this?
    Triplex - Fully renovated 3-unit short-term rental in central Phoenix.
    Where is this triplex located?
    The property is located at 1515 W Tonto St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Turnkey 3-unit short-term rental property with a 10%+ cap rate and 75% average occupancy.; - Strong Airbnb rating of 4.8+ stars and confirmed future bookings totaling over $5,500 through Jan 1, 2026.; - Fully renovated units, each with its own kitchen, full bath, and separate entrance.
    (858) 729-4377
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    1515 W Tonto St Phoenix, AZ 85007
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    Phoenix, AZ 85007
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1515 W Tonto St Phoenix, AZ 85007
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