1502 W MONROE Street, Phoenix AZ 85007
$631,000 · Active Under Contract
Brokerage: Ivy Realty(623) 299-4954
1 / 40Home facts
- Price
- $631,000
- Status
- Active Under Contract
- Beds
- 0
- Baths
- 0
- Year built
- 1911
- Type
- F
- Pool
- No
- Water
- Individual Meter, City Franchise
- Sewer
- Sewer - Public
- Subdivision
- CAPITOL ADDITION BLOCKS 3-6 12-14 TRACT A
- MLS #
- 6990515
Listed by Compass · 480-776-1555
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
Multi-Family | Fully Remodeled | Active Airbnb in Downtown's Historic District. This beautifully renovated 1911 Craftsman offers a rare, income-producing setup with space, charm, and flexibility. The main residence features 8 bedrooms and 4.5 baths, plus a unique basement/bomb shelter ideal for storage, a wine cellar, or a creative flex space. Above the detached 2-car garage, a separate 2 bed / 1 bath apartment with a full kitchen provides an additional rental stream or private guest quarters. Positioned on a corner lot and currently operating as an active Airbnb, this property is minutes from major Downtown Phoenix attractions including The Van Buren, the Japanese Friendship Garden, and Chase Field.
Features
Roof
Other, Composition
Sewer
Sewer - Public
Cooling
Electric, Heat Pump
Heating
Electric, Natural Gas
Electric
City Electric
Flooring
Carpet, Wood, Concrete
WaterSource
Individual Meter, City Franchise
ParkingFeatures
Other, On Street
CommunityFeatures
See Remarks
ConstructionMaterials
Wood Frame, Painted, Stucco, Block
Map
Price and status history
| Date | Change | From → To |
|---|---|---|
| Sep 15, 2026 | Price | $638,000 → $631,000 |
| Aug 17, 2026 | Price | $645,000 → $638,000 |
| Jul 31, 2026 | Price | $650,000 → $645,000 |
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 1211 W POLK Street | Sep 20, 2026 | $482,000 | 3/3 | 1,410 | HomeSmart |
| 820 N 8TH Avenue 18 | Sep 15, 2026 | $515,000 | 3/3 | 1,618 | Jason Mitchell Real Estate |
| 1002 W POLK Street | Aug 11, 2026 | $370,000 | 6/6 | 1,138 | Realty ONE Group |
| 317 N 20TH Avenue | Aug 9, 2026 | $346,000 | 3/2 | 1,048 | Ken Lamb & Associates |
| 429 N 20TH Avenue | Jul 21, 2026 | $250,000 | 3/1 | 873 | RE/MAX Premier |
| 1020 W MCKINLEY Street | Jul 12, 2026 | $315,000 | 2/1 | 709 | Compass |
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:32 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).