Remodeled Short-Term Rental
For Sale
$631,000
Pending
1502 West Monroe Street, Phoenix, AZ 85007
Historic Craftsman with a separate apartment above a detached garage.
Property SizeContact for details
Days on Market234
Property Features for 1502 West Monroe Street
General Information
Standard status
Pending
Total Parking Spaces
2
Property subtype
Multiple Dwellings
Zoning
R5
Property Condition
Severity
Repairs Needed
Evidence
Fully Remodeled
Units
Unit Mix
1 x 8BR/4.5BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,818
Amenities
Electric, Heat Pump
Electric, Natural Gas
Carpet, Wood, Concrete
Yes
Other, Composition
See Remarks
2
3
Wood Frame, Painted, Stucco, Block
Building Details
Year Built
1911
Construction
Craftsman
Listing Agency:
Compass
Listed By:
Danny Kallay · License #SA512397000
(480) 694-8571
Source:
Compass
Added: Feb 26
Changed: Oct 16
Last Checked: Oct 16 at 11:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
Built in 1911, this remodeled Craftsman combines a substantial main residence with a detached-garage apartment. The primary home contains 8 bedrooms and 4.5 baths, along with a basement described as a bomb shelter that can serve as storage, a wine cellar, or flexible additional space. The separate apartment above the 2-car garage includes 2 bedrooms, 1 bath, and a full kitchen.
The property occupies a corner lot at 1502 West Monroe Street in Phoenix's Downtown Historic District and is currently operating as an active Airbnb. Its setting places the property minutes from The Van Buren, the Japanese Friendship Garden, and Chase Field. Zoning is R5.
The property occupies a corner lot at 1502 West Monroe Street in Phoenix's Downtown Historic District and is currently operating as an active Airbnb. Its setting places the property minutes from The Van Buren, the Japanese Friendship Garden, and Chase Field. Zoning is R5.
Key Highlights
- 1911 Craftsman with remodeling completed
- Main residence offers 8 bedrooms and 4.5 baths
- Detached 2‑car garage with a 2‑bedroom, 1‑bath apartment above
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
Frequently Asked Questions
What type of property is this?
Short term rental property - Historic Craftsman with a separate apartment above a detached garage.
Where is this short term rental property located?
The property is located at 1502 West Monroe Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $631,000.
What are key features of this property?
This property features: 1911 Craftsman with remodeling completed; Main residence offers 8 bedrooms and 4.5 baths; Detached 2‑car garage with a 2‑bedroom, 1‑bath apartment above
