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Turnkey Phoenix Short-Term Rental

1515 W TONTO Street, Phoenix, AZ 85007

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For Sale

$619,900

COMMERCIAL - Phoenix, AZ

Property size:

1,485 SF

Lot size:

0.15 Acres

Price / SF:

$417/SF

HighLights

Fully renovated, fully furnished 3‑unit short‑term rental with three separate entrances on one roof.
Unit mix: one 2 bed/1 bath, one 1 bed/1 bath, and a private studio; each unit has its own kitchen and full bath.
Downtown Phoenix income property near Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, and Van Buren.
2024 gross revenue: $119,442; 2025 gross revenue: $103,198; two‑year average revenue: approx. $111,320.
2024 operating income: $62,272; 2025 operating income: $53,719; two‑year average NOI: roughly $57,996.
Additional guest amenities include fenced common courtyard with grill, fire pit, lounge seating, and hammock, plus separate laundry room and storage shed.

We can help!

Contact an agent

Natalia Yalin

For Sale

$619,900

COMMERCIAL - Phoenix, AZ

Property size:

1,485 SF

Lot size:

0.15 Acres

Price / SF:

$417/SF

Added:: Feb 19, 2026
Days on Market:: 137
Last Refresh:: Jul 6 at 5:06 pm

Property Features for 1515 W TONTO Street

General Information

Property type: Commercial Sale
Property subtype: Other
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

Utilities

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

Building Details

Building materials: Stucco

We can help!

Contact an agent

Natalia Yalin

Listing agent Natalia Yalin License #SA695323000

Listing office My Home Group Real Estate 2425 S Stearman Dr Suite 211, Scottsdale, AZ

Listing date Feb 19, 2026

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.

HighLights

Fully renovated, fully furnished 3‑unit short‑term rental with three separate entrances on one roof.
Unit mix: one 2 bed/1 bath, one 1 bed/1 bath, and a private studio; each unit has its own kitchen and full bath.
Downtown Phoenix income property near Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, and Van Buren.
2024 gross revenue: $119,442; 2025 gross revenue: $103,198; two‑year average revenue: approx. $111,320.
2024 operating income: $62,272; 2025 operating income: $53,719; two‑year average NOI: roughly $57,996.
Additional guest amenities include fenced common courtyard with grill, fire pit, lounge seating, and hammock, plus separate laundry room and storage shed.

Overview

This fully renovated and furnished 3-unit property is located in Downtown Phoenix. It operates as a short-term rental with a documented cash flow and a 4.8+ star Airbnb rating. The property generated $119,442 in gross revenue in 2024 and $103,198 in 2025, with a two-year average revenue of approximately $111,320. Operating income was $62,272 in 2024 and $53,719 in 2025, for a two-year average NOI of roughly $57,996, reflecting operating margins of about 52%. The property is suitable for investors seeking immediate cash flow, experienced short-term rental operators, or buyers looking for an income property in a growing urban market. The property is located in a high-demand area of Downtown Phoenix, minutes from Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, and Van Buren. The property, situated on a 0.1475-acre lot, features one 2-bed/1-bath unit, one 1-bed/1-bath unit, and a private studio, each with its own kitchen, full bath, and separate entrance. The 1485 square foot property provides three independent income streams. A separate laundry room and storage shed support operations, while a fenced common courtyard with a grill, fire pit, lounge seating, and hammock enhances guest experience.

Property Profile Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Location Insight

Map
Local Demand

City: Phoenix
County: Maricopa
State: Arizona
Longitude: -112.09198
Latitude: 33.438314

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For sale
Short term rental properties
AZ
Phoenix
85007
1515 W TONTO Street

What type of property is this?

Short term rental property - Fully renovated, furnished 3-unit property with strong rental income.

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: Fully renovated, fully furnished 3‑unit short‑term rental with three separate entrances on one roof.; Unit mix: one 2 bed/1 bath, one 1 bed/1 bath, and a private studio; each unit has its own kitchen and full bath.; Downtown Phoenix income property near Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, and Van Buren.

1515 W TONTO Street, Phoenix, AZ 85007

COMMERCIAL - Phoenix, AZ

Property Features for 1515 W TONTO Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Licensed Behavioral Health Center

Assisted Living Facility with Pool

Operational Assisted Living Facility

Phoenix Assisted Living Investment Property

Office/Flex Mixed-Use Property

Side-by-Side Duplex Investment

Side-by-Side 2025 Duplexes

Two-Story Multifamily with 8 Units

5-Unit Multifamily with Recent Renovations

Phoenix Duplex with Rental Potential

Fourplex Residential Income Building

Fourplex Residential Income Property

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