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

1515 W TONTO Street, Phoenix, AZ 85007

Business Opportunity, Phoenix, AZ

Property Size1,485 SF
Lot Size0.15 Acres
Price / SF$417.44
Days on Market207

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

Amenities

laundry room
storage shed
common 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: Sep 12 Last Checked: Sep 14 at 4:06AM
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.

This fully renovated, furnished short-term rental property contains 1,485 square feet across three independent units. The configuration includes a 2-bedroom/1-bath unit, a 1-bedroom/1-bath unit, and a private studio. Each unit has its own kitchen, full bathroom, and separate entrance. A dedicated laundry room and storage shed support property operations, while the fenced common courtyard includes a grill, fire pit, lounge seating, and hammock.

The property is located in Downtown Phoenix near Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, and Van Buren. Building features include stucco construction, electric heating, wall and wall/window unit cooling, and public sewer service.

Key Highlights

  • Three independent short‑term rental units totaling 1,485 square feet
  • Unit mix includes 2‑bed/1‑bath, 1‑bed/1‑bath, and a private studio
  • Each unit has a kitchen, full bath, and separate entrance

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Short term rental property - Furnished accommodations include private entrances, kitchens, and full baths for each unit.
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 independent short‑term rental units totaling 1,485 square feet; Unit mix includes 2‑bed/1‑bath, 1‑bed/1‑bath, and a private studio; Each unit has a kitchen, full bath, and separate entrance
More about this property
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