2916 E MONROE Street, Phoenix AZ 85034
$995,000
Brokerage: Ivy Realty(623) 299-4954
1 / 16Home facts
- Price
- $995,000
- Status
- Active
- Beds
- 13
- Baths
- 9
- Year built
- 1944
- Type
- F
- Pool
- No
- Water
- City Franchise
- Sewer
- Sewer - Public
- Subdivision
- EL MOLINO PLACE
- MLS #
- 7103349
Listed by Matthews of Arizona
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
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.
Features
Roof
Other, Composition, Rolled/Hot Mop
Sewer
Sewer - Public
Cooling
Central Air, See Remarks, Individual
Heating
See Remarks, Individual, Heat Pump, Electric
Electric
APS, Individual Meter
Flooring
Other, Ceramic Tile
WaterSource
City Franchise
ParkingFeatures
Other, >1 Space Per Unit, On Street
CommunityFeatures
No Pool
ConstructionMaterials
Other, Wood Frame, Painted, Stucco
Map
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 3338 E Taylor Street | Aug 31, 2026 | $225,000 | 2/1 | 825 | Real Broker |
| 3229 E MCKINLEY Street | Jul 12, 2026 | $315,000 | 2/1 | 942 | Quartr Living |
| 2912 E MONROE Street E | Jul 9, 2026 | $330,000 | 3/2 | 1,041 | Realty85 |
| 1113 N 25TH Place | Jun 29, 2026 | $400,000 | 3/1 | 1,059 | Solis Realty |
| 2821 E ADAMS Street | Jun 29, 2026 | $140,000 | 4/2 | 994 | Position Realty |
| 2708 E ROOSEVELT Street | Jun 18, 2026 | $355,000 | 3/2 | 1,256 | DeLex Realty |
Source: ARMLS IDX via Ivy Realty, updated Nov 6, 10:12 AM (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).