Share this with your friends
623-293-2833
Real Estate Company
2916 E Monroe Street, Phoenix, AZ 85034
- $995,000
- 13
- BD
- 9
- BA
- List Price
- $995,000
- Days on Market
- 0
- Status
- ACTIVE
- MLS#
- 7103349
- City
- Phoenix
- Bedrooms
- 13
- Bathrooms
- 9
- Subdivision
- El Molino Place
- Year Built
- 1944
Property Description
9-unit multifamily investment opportunity in Phoenix, AZ. Built in 1946, the property spans two contiguous parcels (2916 and 2920 E. Monroe Street) and features a diverse unit mix: three studios, three one-bedrooms, two two-bedrooms, and one large three-bedroom unit over 1,000 SF. The asset offers stable current cash flow with upside potential through interior and exterior renovations. Current ownership has already completed a full sewer line replacement, mitigating a major capital expense. Strategically located, the property provides convenient access to Downtown Phoenix, Phoenix Sky Harbor International Airport, and major transportation corridors (Loop 202 and I-10), ensuring strong long-term tenant demand and investment stability.
/u.realgeeks.media/scottschulte/logo.png){kind=logo}
Additional Information
- Middle School
- Wilson Elementary School
- Community Features
- No Pool
- Construction
- Wood Frame, Other, Painted, Stucco
- Cooling
- Central Air, Varies by Unit, See Remarks
- Electric
- APS, Individual Meter
- Flooring
- Ceramic Tile, Other
- Heating
- Electric, Heat Pump, Varies by Unit, See Remarks
- New Financing
- Cash to Loan, Conventional, Cash
- Parking Features
- Other, On Street, >1 Space Per Unit
- Roofing
- Composition, Other
- Sewer
- Public Sewer
- Subdivision
- El Molino Place
- Taxes
- $1,557
- Tax Year
- 2025
- Tenant Pays
- Electricity, Cable TV
- Units
- 9
- Water
- City Franchise
- Zoning
- R-5
Courtesy of Matthews of Arizona. milton.braasch@matthews.com
Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
What is your Arizona
Home Worth?