Remodeled Short-Term Rental
For Sale
$638,000
1502 W MONROE Street, Phoenix, AZ 85007
Multiple Dwellings, Phoenix, AZ
Property SizeContact for details
Days on Market201
Property Features for 1502 W MONROE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Parking features
On Street
Subdivision
CAPITOL ADDITION BLOCKS 3-6 12-14 TRACT A
Elementary school
Kenilworth Elementary School
Middle school
Kenilworth Elementary School
High school
Central 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
S to Monroe/ Home on the corner
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
Legal Description
CAPITOL LOT 30 & E 20' OF LOT 29 BLK 1
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Cooling system
Heat Pump, Electric
Building Details
Year built
1911
Number of units
3
Flooring type
Carpet, Concrete, Wood
Building materials
Wood Frame, Painted, Stucco, Block
Roof type
Composition
Listing Agency:
Compass
(480) 776-1555
Listed By:
Danny Kallay · License #SA512397000
(480) 694-8571
Added: Feb 26
Changed: Sep 12
Last Checked: Sep 15 at 6:06AM
MLS# 6990515
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.
Built in 1911, this Craftsman property combines a renovated main residence with a detached garage apartment. The primary home includes 8 bedrooms and 4.5 baths, while the apartment above the 2-car garage offers 2 bedrooms, 1 bath, and a full kitchen. A basement or bomb-shelter area adds enclosed storage or flexible interior space. Construction includes wood frame, stucco, painted surfaces, and block, with concrete, carpet, and wood flooring. Heating is provided by natural gas and electric systems, and cooling uses heat pumps and electric service.
The property occupies a corner lot in Downtown Phoenix’s Historic District and is operating as an active Airbnb. It is near The Van Buren, the Japanese Friendship Garden, and Chase Field. Additional property features include R5 zoning, public sewer, a composition roof, and on-street parking.
The property occupies a corner lot in Downtown Phoenix’s Historic District and is operating as an active Airbnb. It is near The Van Buren, the Japanese Friendship Garden, and Chase Field. Additional property features include R5 zoning, public sewer, a composition roof, and on-street parking.
Key Highlights
- 1911 Craftsman with 8 bedrooms and 4.5 baths in the main residence
- Detached 2‑car garage topped by a 2 bed / 1 bath apartment
- Separate apartment includes a full kitchen
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,610
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Historic Craftsman compound with a separate apartment, active Airbnb operation, and flexible residential accommodations.
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 $638,000.
What are key features of this property?
This property features: 1911 Craftsman with 8 bedrooms and 4.5 baths in the main residence; Detached 2‑car garage topped by a 2 bed / 1 bath apartment; Separate apartment includes a full kitchen
