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Furnished Short-Term Rental with Courtyard
For Sale
$619,000

1515 W TONTO Street, Phoenix, AZ 85007

Multiple Dwellings, Phoenix, AZ

Property SizeContact for details
Days on Market8

Property Features for 1515 W TONTO Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-3
Parking features Carport
Appliances Dishwasher, Refrigerator, Free-Standing Gas Oven, Built-In Gas Oven, Microwave, Washer/Dryer
Subdivision STEVE RAYBURN SUBDIVISION
Elementary school Paul Dunbar Lawrence School
Middle school Paul Dunbar Lawrence School
High school Carl Hayden High School
Elementary school district Phoenix Elementary District
Middle school district Phoenix Union High School District
High school district Phoenix Union High School District
Directions North on 15th Ave from Buckeye Rd, West on Tonto to home on the south.
Standard status Active
APN 112-14-112

Taxes and HOA fees

Tax Year 2026
Tax Description STEVE RAYBURN SUB
Tax Annual Amount 1031
Legal Description STEVE RAYBURN SUB

Utilities

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

Amenities

common courtyard
grill
fire pit
lounge seating
hammock
laundry room
storage shed

Building Details

Year built 1943
Number of units 3
Flooring type Tile
Building materials Stucco, Block
Roof type Composition
Listing Agency: My Home Group Real Estate
Listed By: Natalia Yalin · License #SA695323000
Added: Sep 29 Changed: Oct 5 Last Checked: Oct 6 at 1:06PM
MLS# 7087258

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.

Investment Insights

Based on property information with market context.

This renovated, furnished short-term rental property in Downtown Phoenix comprises three separately accessed accommodations: a two-bedroom, one-bath unit, a one-bedroom, one-bath unit, and a studio. Each has a kitchen and full bathroom. A dedicated laundry room and storage shed serve the property, while the shared courtyard includes a grill, fire pit, seating, and hammock. The building dates to 1943 and is zoned R-3.

The property is minutes from Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, and Van Buren. Improvements include tile flooring, a carport, and a mix of wall and window cooling systems. Appliances include a washer and dryer, refrigerator, dishwasher, microwave, and gas ovens.

Key Highlights

  • Three independent units: a 2‑bed/1‑bath, a 1‑bed/1‑bath, and a studio
  • Each unit has its own kitchen, full bath, and separate entrance
  • Renovated and furnished; Airbnb rating of 4.8+ stars

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Veterinary Clinic Pet Grooming Service Dental Office Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

862
Businesses Nearby

Demographics for 85007, AZ

14,442
Population
5,981
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
81%
High-School Grad
4.6 sq mi
ZIP Area
3,140
Density / Sq Mi
$55,833
Median Household Income
$43,375
Median Earnings
$1,079
Median Rent
$447,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Three self-contained guest accommodations feature private kitchens, full bathrooms, and separate entrances.
Where is this short term rental property located?
The property is located at 1515 W TONTO Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Three independent units: a 2‑bed/1‑bath, a 1‑bed/1‑bath, and a studio; Each unit has its own kitchen, full bath, and separate entrance; Renovated and furnished; Airbnb rating of 4.8+ stars
More about this property
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