2440 E  Monroe St, Phoenix, AZ 85034
FOR SALE

2440 E Monroe St
Phoenix, AZ 85034

Central City
  • 4 Beds
  • 3 Baths
  • 2,134 sqft
  • 4 Beds
  • 3 Baths
  • 2,134 sqft

$864,000

Original price: $869,000
Est. Mortgage $4,983/mo*

Local Information

map showing home location
© Google
-- mins to
Commute Destination

Description

Fantastic location within walking distance to the light rail, close to the airport and downtown Phoenix. Exterior freshly painted, new roofs, laundry in 4 of the 5 units, 2 of the a/c units are new and brand new tankless hot water heaters. Each of the units have had improvements upon vacancy such as: tiled flooring, tiled showers, backsplash and interior paint. Property is individually metered for electric. Lots of investor development in this area!

Home Highlights

Parking
5 Open Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$405
Listed
61 days ago

Home Details for 2440 E Monroe St

Interior Features

Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3
Heating & Cooling
Heating: ElectricHas CoolingAir Conditioning: 2 or More Units,Central AirHas HeatingHeating Fuel: Electric
Gas & Electric
Electric: APS, Individual MeterHas Electric on Property
Windows, Doors, Floors & Walls
Flooring: Ceramic Tile, Vinyl
Levels, Entrance, & Accessibility
Floors: Ceramic Tile, Vinyl
View
No View

Exterior Features

Exterior Home Features
Roof: Composition
Parking & Garage
Open Parking Spaces: 5No GarageHas Open ParkingParking Spaces: 5Parking: 1 Space/Unit
Frontage
Road Surface Type: Asphalt
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: 61

Property Information

Year Built
Year Built: 1940
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Siding, Painted, Block, Frame - Wood
Property Information
Parcel Number: 12163016

Price & Status

Price
List Price: $864,000Price Per Sqft: $405

Active Status

MLS Status: Active

Location

Direction & Address
City: PhoenixCommunity: HIALEAH
School Information
Elementary School District: Wilson Elementary DistrictHigh School District: Phoenix Union High School District

Agent Information

Listing Agent
Listing ID: 6668697

Building

Building Area
Building Area: 2134 Square Feet

Community

Community Features: No Pool

Lot Information

Lot Area: 7754 sqft

Offer

Listing Terms: No Carry, Conventional, FHA, VA Loan

Compensation

Buyer Agency Commission: 2Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Business Information
Ownership: Fee Simple
Expense
Tenant Pays: Electricity, Cable TV

Rental

Owner Pays: Water, Landscaping

Miscellaneous

Mls Number: 6668697

Additional Information

No Pool
Last check for updates: about 7 hours ago
Listing courtesy of Emily Weaver PLLC, (623) 204-5454
Open House Realty
Source: ARMLS, MLS#6668697
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR®- Chris Long - (480) 907-1010
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Price History for 2440 E Monroe St

DatePriceEventSource
04/23/2024$864,000PriceChange
ARMLS #6668697
04/16/2024$869,000PriceChange
ARMLS #6668697
03/25/2024$874,000PriceChange
ARMLS #6668697
02/25/2024$879,000Listed For SaleARMLS #6668697
01/23/2024$749,000ListingRemovedARMLS #6593896
08/17/2023$749,000Listed For SaleARMLS #6593896
04/18/2014$55,200Sold
N/A
10/06/2008$329,000ListingRemovedAgent Provided
04/22/2008$329,000Listed For SaleAgent Provided
02/15/2006$200,000Sold
N/A
07/21/1994$40,933Sold
N/A

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Property Taxes and Assessment

Year2022
Tax$2,029
Assessment$256,500
Home facts updated by county records

Comparable Sales for 2440 E Monroe St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.44
Multi-Family Home
$802,500
11/07/23
5
1
2,500
0.67
Multi-Family Home
$420,000
06/07/23
6
2
2,102
0.37
Multi-Family Home
$685,000
11/15/23
6
2
2,240
0.71
Multi-Family Home
$290,000
03/30/24
2
1
1,300
0.38
Multi-Family Home
$500,000
02/26/24
4
1
1,396
1.40
Multi-Family Home
$558,500
08/25/23
4
2
1,778
0.54
Multi-Family Home
$1,650,000
08/31/23
10
1
5,500
1.45
Multi-Family Home
$455,000
01/02/24
7
2
2,600
1.63
Multi-Family Home
$658,862
07/24/23
4
2
2,340
1.62
Multi-Family Home
$360,000
08/04/23
6
2
2,014

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Central City

  • Trulia User
    "I've lived downtown over 5 years, and it's pretty safe overall. Minimal noise after business hours, but events and game traffic can get noisy. "
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  • Trulia User
    "I've lived downtown for 5 yrs and the energy is great. The best part is the easy commute due to being centrally located; "
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  • Trulia User
    "There is an excellent elementary school in Garfield. The families are what make the neighborhood great. In addition there are a lot of students & ASU employees. It’s close to everything downtown - arts, sports, and restaurants. Other than some transient people that you see anywhere these days, it’s a super cool mix of old & new Phoenix. "
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  • Trulia User
    "I think the area is a good fit for families and animals, quite well crafted lawn and trees price fairly equal "
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  • Trulia User
    "I have lived here for over two years and love it. I take the light rail everywhere. Plus every weekend there’s always something new to try and do here."
    5
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  • Trulia User
    "Lots of shops and things to do in this area. First Friday as well and it is very exciting to be here on that days. "
    5
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  • Trulia User
    "I love homey feeling in this neighborhood It’s a diamond in a rough place to call home. I love artsy vibe there are many cool places to go"
    3
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  • Trulia User
    "This neighborhood is safer than the surrounding and it has good schools. The are a alot of places to spend family time. The businesses are affordable. It's a welcoming atmosphere."
    2
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  • Trulia User
    "Great walking distance to bars and restaurants downtown. Near the farmers market on Saturdays and the baseball stadium. "
    0
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  • Trulia User
    " By car, 15 usually, up to 25 with traffic as work is farther uptown. Just fine, know which streets to avoid. "
    0
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  • Trulia User
    "I come here alot and I'm always comfortable in the neighborhood no one ever bothers me everyone is always kind and sticks "
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  • Trulia User
    "There is a lot of history and some charm, however with the freeways close by and the amount of alley ways that are present in about 95% of the properties; this area gets a lot of homeless, dumpster divers, gang bangers and scouts on the look out for burgarlizing homes. we have to be very vigilant when it comes to our exterior and the back of our home due to very unsafe and unpatroled alley ways."
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  • Trulia User
    "With supervision, kids can thrive here... I know this because I raised my own children in this area. Phoenix is an enormous city now and logic and prudence should prevail. It's super convenient and equadistant to everyone and everything in the valley! "
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  • Trulia User
    "The area is affordable and not much else. No local culture and most amenities are a 10 minute drive away. "
    0
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  • Trulia User
    "a lot of nosey neighbors and complainers on dogs with or without leashes its always something and always too many dog walkers in evening everyone is out with a dog and rude when walking by with yours"
    0
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  • Vpyle34
    "Traffic is not bad close to the freeways. Easy to get around lots of cops and homeless people though"
    4
    Flag
  • Hiram D.
    "much culture and bars, galleries, cafes... such a good things to do. area is growing up so fast and easy to get everything. a new supermarket. you can walk by all downtown and find new restaurants and great people"
    6
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  • Meaganannt
    "There’s a lot of homeless in the area. However, there’s a lot of history and culture that children could be exposed to. "
    5
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  • Maria B.
    "A dog park would be nice and trying to keep the neighborhood clean for all purpose and have everything in order"
    0
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  • Juliamcswain2017
    "There are 2 dog parks right on the corner of 3rd Ave and Culver St, plus Margaret T Hance park is usually a nice place to walk your dog as well. Dogtopia has also recently opened a facility on the corner of 3rd Ave and McDowell."
    1
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  • Marysol B.
    "Strong police presence in this neighborhood.. high crime zone... Train passes in the middle of the night.. too many homeless and street people constantly walking by"
    4
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  • John T.
    "Central location and it makes it easy to explore what Phoenix has to offer, the Phoenix Public Library and Phoenix Art Museum are readily available. "
    1
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  • Taylor S.
    "Against the traffic is super nice commuting out to Tempe. The tunnel gets most backed up but otherwise, the 9-5 commute is super easy."
    3
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  • Clementyne.wanders
    "Lots of dog friendly bars/restaurants in the area. Many dog owners in the area that love their puppers as if they were their own babies."
    0
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  • Alda P. D.
    "Cultural diverse, proactive community with a variety of social spots. Near airport and many amenities within a easy commute distance."
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  • Mljuarezrubio82
    "Dog owners are irresponsible and just let theirs dogs run the streets. They turn them lose they don’t feed them they don’t groom them. They let them starve and toss them out. "
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  • Shamlolldesombra1008
    "The commute downtown is 5 minutes . Nice area to live Grocery stores near by hjjkkkkkj the time you come get "
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  • Shonta E.
    "There is a lot of car traffic and there aren’t enough dog parks nearby where dogs and run free. Also other dog owners aren’t very responsible they let unleaded dogs roam the neighborhood and poop in other’s lawn without cleaning up"
    1
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  • Cisco2sfd
    "Lived here a year and it’s pretty calm but a lot of people do roam around and have gotten things stolen so it’s a half half with it being good and bad . "
    25
    Flag
  • Michelle B.
    "I drive or Uber my way to work. there always seems to be lots of traffic to downtown locations. always construction"
    2
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  • Kristen S.
    "everyone has dogs. there are a few that roam through neighborhood unattended every day as well. not sure if they belong to anyone or not"
    2
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  • Deetbornton6153
    "lots of families with young school age children, everyone is pleasant to communicate with, no loud parties"
    2
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  • Eric M.
    "My neighborhood has access to public transportation in the means of the city bus. Unfortunately the light rail doesn't go that far west. I drive, so I hop on the I10 and can get to the downtown area rather quickly depending on time of day. "
    1
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  • Oscar M.
    "easy to commute around the city by foot, bike or scooter. Everything I would need is right around the corner. "
    0
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  • Jay.proformance
    "boating and fishing. There is great ethnc diversity and people of all ages. Closeness to the airport, malls and restaurants make it special."
    1
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LGBTQ Local Legal Protections

Emily Weaver PLLC, Open House Realty
2440 E Monroe St, Phoenix, AZ 85034 is a 4 bedroom, 3 bathroom, 2,134 sqft multi-family built in 1940. 2440 E Monroe St is located in Central City, Phoenix. This property is currently available for sale and was listed by ARMLS on Feb 25, 2024. The MLS # for this home is MLS# 6668697.