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Three-Unit Short-Term Rental Property
For Sale
$619,900

1515 W TONTO Street, Phoenix, AZ 85007

COMMERCIAL - Phoenix, AZ

Property Size1,485 SF
Lot Size0.15 Acres
Price / SF$417.44
Days on Market183

Property Features for 1515 W TONTO Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision STEVE RAYBURN SUBDIVISION
Directions North on 15th Ave from Buckeye Rd, West on Tonto to home on the south.
Standard status Active
APN 112-14-112
Size 1,485 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Description STEVE RAYBURN SUB
Legal Description STEVE RAYBURN SUB

Utilities

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

Amenities

laundry room
storage shed
courtyard
grill
fire pit
lounge seating
hammock

Building Details

Building materials Stucco
Listing Agency: My Home Group Real Estate
Listed By: Natalia Yalin · License #SA695323000
Added: Feb 19 Changed: Aug 4 Last Checked: Aug 21 at 3:06AM
MLS# 6987208

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.

Turnkey three-unit short-term rental property fully renovated and fully furnished, designed for independent guest access. The layout includes one 2-bed/1-bath unit, one 1-bed/1-bath unit, and a private studio, with each unit offering its own kitchen, full bath, and separate entrance.

Additional amenities support day-to-day hosting, including a separate laundry room and a storage shed for supplies. Outdoors, a fenced common courtyard features a grill, fire pit, lounge seating, and a hammock, creating a dedicated space for guest downtime.

The property sits on a 0.1475-acre lot with 1,485 square feet under construction using stucco materials. Heating is electric and other, and cooling is provided by wall/window units and electric systems. Public sewer serves the site. Located in Downtown Phoenix, it is minutes from Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, and Van Buren.

Key Highlights

  • Three units: one 2‑bed/1‑bath, one 1‑bed/1‑bath, and one private studio
  • Each unit has its own kitchen, full bath, and separate entrance
  • Fenced common courtyard with grill, fire pit, lounge seating, and hammock

Property Analytics

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

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Short term rental property - Three independently accessed units include two full bedrooms suites, a private studio, and a fenced courtyard setup for guest stays.
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 $619,900.
What are key features of this property?
This property features: Three units: one 2‑bed/1‑bath, one 1‑bed/1‑bath, and one private studio; Each unit has its own kitchen, full bath, and separate entrance; Fenced common courtyard with grill, fire pit, lounge seating, and hammock
More about this property
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