1515 W TONTO Street, Phoenix AZ 85007
$619,000
Brokerage: Ivy Realty(623) 299-4954
1 / 24Home facts
- Price
- $619,000
- Status
- Active
- Beds
- 0
- Baths
- 0
- Year built
- 1943
- Type
- F
- Pool
- No
- Water
- City Franchise
- Sewer
- Sewer - Public
- Subdivision
- STEVE RAYBURN SUBDIVISION
- MLS #
- 7087258
Listed by My Home Group Real Estate · 602-399-2748
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
Fully renovated and fully furnished, this turnkey 3-unit short-term rental in Downtown Phoenix offers strong, documented cash flow and an impressive 4.8+ star Airbnb rating. The asset generated $119,442 in gross revenue in 2024 and $103,198 in 2025, with a two-year average revenue of approximately $111,320, producing operating income of $62,272 in 2024 and $53,719 in 2025, for a two-year average NOI of roughly $57,996--reflecting strong operating margins of about 52%. This is a stabilized, high-margin hospitality investment ideal for investors seeking immediate cash flow, experienced short-term rental operators expanding their portfolio, or buyers looking for a prime-location income property in one of Arizona's fastest-growing urban markets.
Features
Roof
Composition
Sewer
Sewer - Public
Cooling
Ceiling Fan(s), Window/Wall Unit, Electric, Individual
Heating
Window/Wall Unit(s), Electric
Electric
APS
Flooring
Tile
WaterSource
City Franchise
ParkingFeatures
Carport
CommunityFeatures
No Pool
ConstructionMaterials
Stucco, Block
Map
Price and status history
| Date | Change | From → To |
|---|---|---|
| Oct 2, 2026 | Status | Coming Soon → Active |
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 1715 W MOHAVE Street | Sep 22, 2026 | $220,000 | 3/1 | 975 | Instasold |
| 1309 W Apache Street | Sep 20, 2026 | $335,000 | 3/2 | 1,409 | HomeSmart |
| 1631 W MOHAVE Street | Sep 17, 2026 | $175,000 | 3/1 | 1,611 | R.O.I. Properties |
| 1648 S 15TH Avenue | Sep 6, 2026 | $305,000 | 3/2 | 900 | 4 U Realty Plus |
| 1238 S 16th Avenue | Aug 17, 2026 | $260,000 | 3/2 | 1,400 | Realty ONE Group |
| 1538 W SONORA Street | Jul 20, 2026 | $350,000 | 3/2 | 1,530 | DeLex Realty |
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:31 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).