1506 E Monroe Street, Phoenix, AZ 85034
- $399,500
- 3
- BD
- 2
- BA
- 1,221
- SqFt
- Sold Price
- $399,500
- List Price
- $425,000
- Status
- CLOSED
- Days on Market
- 140
- Closing Date
- Mar 19, 2025
- MLS#
- 6777514
- Subtype
- Residential
- Year Built
- 1941
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 1,221
- Lot Size
- 6,750
- Acres
- 0.16
- Subdivision
- Collins Addition Phoenix Blocks 31-34 & 39-40
Property Description
Nestled in the heart of downtown Phoenix, this updated 3-bedroom, 2-bathroom home offers a blend of charm and opportunity. With sought-after R-5 zoning, the property is primed for multi-family development, making it an ideal investment or house hacking opportunityâ€''live in one part while renting out the rest to offset your mortgage. Recent updates include wide plank flooring, kitchen and bathroom remodels, and a roof refresh in 2020 and 2024. Large windows fill the home with natural light. The spacious backyard features a 10x10 concrete pad and endless possibilities for your vision. Close to top dining spots and entertainment venues, this home is move-in ready or ready for your next development project. Don't miss out on this fantastic opportunity in a rapidly growing area!
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Additional Information
- Interior Features
- 3/4 Bath Master Bdrm, Granite Counters, High Speed Internet, No Interior Steps
- Exterior Features
- Other
- Taxes
- $2,082
- Flooring
- Vinyl, Tile, Wood
- Heating
- Natural Gas
- Air Conditioning
- Central Air
- Exterior Construction
- Adobe, Painted, Stucco
- Stories
- 1
- Elementary School
- ASU Preparatory Academy - Polytechnic Elementary
- Middle School
- ASU Preparatory Academy - Phoenix Middle School
- High School
- ASU Preparatory Academy - Phoenix High School
Mortgage Calculator
Listing courtesy of Listing Agent: Preston Dean Richardson (317-586-0334) from Listing Office: Realty ONE Group Mountain Desert.
Selling Office: The Brokery.All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.