Fully Remodeled Craftsman Short-Term
For Sale
$645,000
1502 W MONROE Street, Phoenix, AZ 85007
MULTI_FAMILY - Phoenix, AZ
Days on Market156
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
Electric, Heat Pump
Amenities
basement/bomb shelter
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: Jul 31
Last Checked: Aug 1 at 3:06AM
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.
This fully remodeled short-term rental property features a Craftsman-style main residence built in 1911, set up for flexible hosting and additional living space. The main home offers 8 bedrooms and 4.5 baths, with a basement/bomb shelter that can serve as storage, a wine cellar, or a creative flex area.
A detached 2-car garage sits on the property, and above it is a separate 2 bed / 1 bath apartment with a full kitchen. The property is currently operating as an active Airbnb on a corner lot within a downtown historic district. On-street parking is indicated, and the home is served by public sewer.
The heating and cooling systems include natural gas and electric heat, with electric cooling through a heat pump and electric equipment. Exterior construction materials include wood frame, painted finishes, stucco, and block, under a composition roof.
A detached 2-car garage sits on the property, and above it is a separate 2 bed / 1 bath apartment with a full kitchen. The property is currently operating as an active Airbnb on a corner lot within a downtown historic district. On-street parking is indicated, and the home is served by public sewer.
The heating and cooling systems include natural gas and electric heat, with electric cooling through a heat pump and electric equipment. Exterior construction materials include wood frame, painted finishes, stucco, and block, under a composition roof.
Key Highlights
- Active Airbnb short‑term rental on a corner lot in R5 zoning
- Remodeled main residence with 8 bedrooms and 4.5 baths
- Basement/bomb shelter for storage, wine cellar, or flexible space
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Active Airbnb on a corner lot in R5 zoning, featuring a remodeled main home plus a separate apartment above a detached garage.
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 $645,000.
What are key features of this property?
This property features: Active Airbnb short‑term rental on a corner lot in R5 zoning; Remodeled main residence with 8 bedrooms and 4.5 baths; Basement/bomb shelter for storage, wine cellar, or flexible space
