1317 W MONROE Street, Phoenix, AZ 85007 (MLS# 7003581)

1317 W MONROE Street, Phoenix, AZ 85007

$865,000

Virtual Tour

https://my.matterport.com/show/?m=DF44ZxpxU2i&brand=0

Property Type: Multiple Dwellings Status: Active

Current Price: $865,000 Last Modified: 5/06/2026

Overview

Description

Fantastic investment opportunity in a gorgeous historic neighborhood near the Arizona State Capitol in the heart of Central Phoenix. This well-maintained fourplex features 4 beautifully remodeled efficiency units, consistently in demand with both short- and long-term tenants. Each fully furnished unit offers a private kitchenette w/ stainless steel gas range, refrigerator, & microwave, along with a well-appointed bathroom w/ shower. Windows in the property were replaced approximately 4 years ago. Property includes an inviting front porch and a detached one-car garage with water plumbing, offering potential for conversion into a fifth rental unit. Ideally situated on a peaceful, tree-lined street close to dining, shopping, sports venues, and entertainment. Buyer to verify all information.

Listing Details MLS# 7003581

Location, Tax & Legal

House Number: 1317
Compass: W
Street Name: MONROE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2736
Country: US
County Code: Maricopa
Subdivision: WOODLAND PLACE
Assessor Number: 112-03-076
Tax Year: 2025
Assessor's Map #: 3
Legal Description (Abbrev): WOODLAND PL
Assessor's Parcel #: 76
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114301
Taxes: 1438
Legal: WOODLAND PL
Marketing Name: Fourplex

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 50'x125'
Year Built: 1926
Uncvrd Parking Spcs: Yes
Total # of Units: 4
# of Buildings: 2
Zoning: R5
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Paul Dunbar Lawrence School
Jr. High School: Paul Dunbar Lawrence School
High School: Central High School

Remarks Misc

Cross Street: Van Buren and 15th Ave
Directions: South on 15th Ave, east on Monroe, property will be on the south side of the street. Parking along the street.

Legal Info

Township: 1N
Range: 3E
Section: 7
Lot Number: 5

Income Expenses

Gross Annual Sch Inc: 120000
Net Operating Income: 114000

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes

Efficiency Units

# Efficiency Units: 4
Avg Rent: 2500
Avg SqFt: 500
# Baths: Yes

Contact Info

List Agent Home Phn: 480-201-2383

Project Type

Four Plex: Yes

Construction

Block: Yes
Brick: Yes

Const - Finish

Painted: Yes
Brick Veneer: Yes

Roofing

Composition: Yes

Floors

Wood: Yes

Sale Includes

Land & Building: Yes
Personal Property: Yes
Other (See Remarks): Yes

Income & Expenses

Annual Elec Exp: 5000
Annual Gas Exp: 1000
Annual Ins Exp: 3600
Annual Landscape Exp: 600
Annual Legal & Acctg: 200
Annual Trash Exp: 1250
Annual Wtr/Swr Exp: 1250
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 14338
Other Income: 0
Vacancy Allowance: 0.1
Adjusted Gross Inc: 108000
Total Monthly Rental Income: 10000

Pmt & Rate Info

Cap Rate: 13.03
Equity: 875000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Natural Gas: Yes

Cooling

Ceiling Fan(s): Yes
Evaporative Cooling: Yes
Window/Wall Unit: Yes
See Remarks: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes
Curb(s) & Gutter(s): Yes
Cable TV Available: Yes
Sidewalk(s): Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Appliances Included

Microwave: Yes
Refrigerator: Yes
Built-In Range: Yes
Washer/Dryer: Yes
See Remarks: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Detached Garage: Yes
Garage: Yes
On Street: Yes
See Remarks: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Block; Brick Const - Finish: Painted; Brick Veneer Roofing: Composition Floors: Wood Sale Includes: Land & Building; Personal Property; Other (See Remarks) Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s) Appliances Included: Built-In Range; Refrigerator; Microwave; Washer/Dryer; See Remarks Heating: Natural Gas Cooling: Ceiling Fan(s); Window/Wall Unit; Evaporative Cooling; See Remarks Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas Parking Features: Garage; On Street; Detached Garage; See Remarks Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Showing Notification Methods: Text; Email Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; Conventional Environmental: None

Listing Office: Redfin Corporation

Last Updated: May - 06 - 2026