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$1,040,000
13 Beds
9 Baths
--sqft
2916 E Monroe St, Phoenix, AZ 85034
$1,040,000
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Townhouse
Built in 1944
$-- HOA
-- sqft lot
--/sqft
Description
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 mix mix: (3) studios, (3) one-bedrooms, (2) two-bedrooms, and (1) large three-bedroom unit over 1,000 SF. The asset offers a cap rate of 7.79% on current financials resulting in stable cash flow with upside potential. 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), en...
Continue Reading- Houzeo last checked: 4 hours ago
- Listing updated: August 25, 2026 at 5:59 pm
- Listing Provided by: Bradley Skenderian (949) 533-5594 | Matthews Real Estate Investment Services (310) 388-0788
- Source: Arizona Regional Multiple Listing Service-AZ | MLS#: 6990042
Property Details
Status
Active
Type
Townhouse
No. of Stories
-
County
City
Neighborhood
Year Built
1944
HOA Fees
-
Finished Area
- sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Arizona Regional Multiple Listing Service
MLS Number
6990042
MLS Status
Active
Days on Market
181
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