1502 W MONROE Street, Phoenix, AZ 85007
Property image
Property image
FOR SALE

$631,000

Original price: $638,000
  • Studio

1502 W MONROE Street, Phoenix, AZ 85007

Central City
Est. Mortgage $3,663/mo*
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Home Highlights

Multi-Family
Built in 1911
3 Open Spaces

Local Information

  • Map ViewExplore the area around 1502 W MONROE Street.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Multi-Family | Fully Remodeled | Active Airbnb in Downtown's Historic District. This beautifully renovated 1911 Craftsman offers a rare, income-producing setup with space, charm, and flexibility. The main residence features 8 bedrooms and 4.5 baths, plus a unique basement/bomb shelter ideal for storage, a wine cellar, or a creative flex space. Above the detached 2-car garage, a separate 2 bed / 1 bath apartment with a full kitchen provides an additional rental stream or private guest quarters. Positioned on a corner lot and currently operating as an active Airbnb, this property is minutes from major Downtown Phoenix attractions including The Van Buren, the Japanese Friendship Garden, and Chase Field.
Last check for updates: about 5 hours ago
Listing courtesy of Danny Kallay, (480) 694-8571
Compass
Courtney Hoover, (480) 818-3720
Compass
Source: ARMLS, MLS#6990515
Also Listed on ARMLS.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Home Details for 1502 W MONROE Street

Interior Features

Appliances & Utilities
Appliances: See Remarks
Heating & Cooling
Heating: Electric,Natural GasHas CoolingAir Conditioning: Electric,Heat PumpHas HeatingHeating Fuel: Electric
Gas & Electric
Electric: City ElectricHas Electric on Property
Windows, Doors, Floors & Walls
Flooring: Carpet, Wood, Concrete
Levels, Entrance, & Accessibility
Floors: Carpet, Wood, Concrete

Exterior Features

Exterior Home Features
Roof: Other Composition
Parking & Garage
Number of Covered Spaces: 2Open Parking Spaces: 3No CarportNo GarageHas Open ParkingParking Spaces: 5Parking: Other,On Street
Frontage
Road Surface Type: ConcreteNot on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 201Days on Market: 180+

Property Information

Year Built
Year Built: 1911
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Wood Frame, Painted, Stucco, Block
Property Information
Parcel Number: 11202024

Price & Status

Price
List Price: $631,000

Active Status

MLS Status: Active

Location

Direction & Address
City: PhoenixCommunity: CAPITOL ADDITION BLOCKS 3-6 12-14 TRACT A
School Information
Elementary School: Kenilworth Elementary SchoolElementary School District: Phoenix Elementary DistrictJr High / Middle School: Kenilworth Elementary SchoolHigh School: Central High SchoolHigh School District: Phoenix Union High School District

Agent Information

Listing Agent
Listing ID: 6990515

Community

Community Features: See Remarks

Lot Information

Lot Area: 8400 sqft

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple

Rental Terms, Policies & Fees

Owner Pays: See Remarks

Miscellaneous

Mls Number: 6990515

Additional Information

See Remarks

Around this home

Neighborhood Overview

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

What Locals Say about Central City

At least 450 Trulia users voted on each feature.

  • 84 % Say there are sidewalks

  • 75 % Say it's dog friendly

  • 70 % Say car is needed

  • 67 % Say there's holiday spirit

  • 66 % Say yards are well-kept

  • 64 % Say it's walkable to restaurants

  • 63 % Say parking is easy

  • 54 % Say streets are well-lit

  • 51 % Say it's quiet

  • 51 % Say people would walk alone at night

  • 49 % Say kids play outside

  • 49 % Say they plan to stay for at least 5 years

  • 44 % Say it's walkable to grocery stores

  • 42 % Say neighbors are friendly

  • 31 % Say there are community events

  • 23 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Dog park is nearby but lots of dog poop does not get cleaned up there or around the neighborhood."
    0
    Flag
  • Jasmine Saenz
    "There is always people walking their dogs or going for a run as well as people on their bikes. There are a few groups that do activities with the community. Local shops are not far are at a good walking distance. "
    0
    Flag
  • Anita Battle
    "It’s nice for what I seen been here two and a half years now and many more years to go can’t wait to explore more of Phoenix "
    0
    Flag
  • Sonny_sonnenstein
    "Just moved to Phoenix - looking for a neighborhood/house. So far it seems like a great town - food, drinks, entertainment, culture."
    0
    Flag
  • 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. "
    4
    Flag
  • 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; "
    5
    Flag
  • 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. "
    0
    Flag
  • Trulia User
    "I think the area is a good fit for families and animals, quite well crafted lawn and trees price fairly equal "
    0
    Flag
  • 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."
    8
    Flag
  • 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. "
    6
    Flag
  • 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"
    4
    Flag
  • 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
    Flag
  • Trulia User
    "Great walking distance to bars and restaurants downtown. Near the farmers market on Saturdays and the baseball stadium. "
    0
    Flag
  • Trulia User
    " By car, 15 usually, up to 25 with traffic as work is farther uptown. Just fine, know which streets to avoid. "
    0
    Flag
  • 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 "
    1
    Flag
  • 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."
    0
    Flag
  • 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! "
    0
    Flag
  • Trulia User
    "The area is affordable and not much else. No local culture and most amenities are a 10 minute drive away. "
    1
    Flag
  • 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
    Flag
  • 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"
    7
    Flag
  • 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
    Flag
  • Maria B.
    "A dog park would be nice and trying to keep the neighborhood clean for all purpose and have everything in order"
    0
    Flag
  • 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
    Flag
  • 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"
    5
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • Alda P. D.
    "Cultural diverse, proactive community with a variety of social spots. Near airport and many amenities within a easy commute distance."
    0
    Flag
  • 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. "
    0
    Flag
  • Shamlolldesombra1008
    "The commute downtown is 5 minutes . Nice area to live Grocery stores near by hjjkkkkkj the time you come get "
    0
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  • Michelle B.
    "I drive or Uber my way to work. there always seems to be lots of traffic to downtown locations. always construction"
    2
    Flag
  • Deetbornton6153
    "lots of families with young school age children, everyone is pleasant to communicate with, no loud parties"
    2
    Flag
  • 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
    Flag
  • Oscar M.
    "easy to commute around the city by foot, bike or scooter. Everything I would need is right around the corner. "
    0
    Flag
  • 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
    Flag

Market trends in Phoenix

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$420K
$5KMoM
Sale-to-List Price
98.9%
Price per sq ft
$266
$4MoM
Available listings
5314
39MoM

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1333 W WOODLAND Avenue, Phoenix, AZ
0.05
Multi-Family Home
$560,000
04/30/26
5
4
2,408
421 N 18TH Drive, Phoenix, AZ
0.49
Multi-Family Home
$330,000
04/13/26
4
3
1,600
116 N 11TH Avenue #1 & 2, Phoenix, AZ
0.25
Multi-Family Home
$749,000
11/19/25
6
3
3,030
1119 W FILLMORE Street, Phoenix, AZ
0.36
Multi-Family Home
$580,000
06/12/26
8
1
2,600
1123 W FILLMORE Street, Phoenix, AZ
0.36
Multi-Family Home
$630,000
04/30/26
8
1
2,600
1331 W MONROE Street, Phoenix, AZ
0.07
Multi-Family Home
$490,000
07/22/26
4
2
1,208
802 W Roosevelt Street, Phoenix, AZ
0.73
Multi-Family Home
$505,619
08/14/26
4
2
1,500
1249 W PIERCE Street, Phoenix, AZ
0.37
Multi-Family Home
$1,176,000
05/12/26
20
2
6,000

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1514 W MONROE Street, Phoenix, AZ 85007
0.02
$524,900
4
4
1,269
For Sale
1518 W MONROE Street #-, Phoenix, AZ 85007
0.03
-
-
-
-
Off Market
1526 W MONROE Street, Phoenix, AZ 85007
0.05
$439,100
2
1
1,320
Off Market
1538 W Monroe Street, Phoenix, AZ 85007
0.08
$432,300
4
2
1,637
Off Market
1333 W WOODLAND Avenue, Phoenix, AZ 85007
0.05
$560,000
5
4
2,408
Recently Sold
1326 W MONROE Street, Phoenix, AZ 85007
0.07
$446,700
4
2
2,118
Off Market
1331 W MONROE Street, Phoenix, AZ 85007
0.07
$490,000
4
2
1,208
Recently Sold
1318 W MONROE Street, Phoenix, AZ 85007
0.09
$544,900
4
2
2,214
Off Market
1314 W Monroe Street, Phoenix, AZ 85007
0.10
$508,700
3
2
1,561
Off Market
1309 W WOODLAND Avenue, Phoenix, AZ 85007
0.11
$407,900
3
2
1,280
Off Market
N 11th Ave, Phoenix, AZ 85007
0.12
-
-
-
-
Off Market

Price and Tax history

DateEventPrice
Sep 15, 2026
Source: ARMLS #6990515
PriceChange
$631,000
Price decreased by 1%
Aug 18, 2026
Source: ARMLS #6990515
PriceChange
$638,000
Price decreased by 1%
Jul 31, 2026
Source: ARMLS #6990515
PriceChange
$645,000
Price decreased by 1%
Feb 27, 2026
Source: ARMLS #6990515
Listed For Sale
$650,000
Jul 15, 2022
Source: ARMLS #6409396
Sold
$362,000

LGBTQ Local Legal Protections

Danny Kallay, Compass
Agent Phone: (480) 694-8571

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Frequently asked questions about 1502 W MONROE Street

  • What is the estimated monthly payment for 1502 W MONROE Street?
    Based on a $631,000 list price with 20% down at today's rates, the estimated monthly payment for 1502 W MONROE Street in Phoenix, AZ is approximately $3,747 (about $3,456 principal & interest, $216 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 1502 W MONROE Street compare to homes in Phoenix?
    1502 W MONROE Street in Phoenix, AZ is listed at $631,000, about 50% above the $420K median sale price in Phoenix.
  • What do residents say about the Central City neighborhood?
    Residents describe the Central City neighborhood in Phoenix, AZ as pedestrian-friendly, dog-friendly, and well-kept. See homes for sale in Central City, Phoenix.
  • What are the closest schools to 1502 W MONROE Street?
    The closest schools to 1502 W MONROE Street in Phoenix, AZ are Central High School (rated 3/10), Mary McLeod Bethune School (Pre-K/Elementary/Middle, rated 5/10).
  • Does 1502 W MONROE Street have air conditioning?
    Yes, 1502 W MONROE Street in Phoenix, AZ has air conditioning.
  • Does 1502 W MONROE Street have parking?
    Yes, 1502 W MONROE Street in Phoenix, AZ has on-site parking.
1502 W MONROE Street, Phoenix, AZ 85007 is a studio multi-family built in 1911. 1502 W MONROE Street is located in Central City, Phoenix. This property is currently available for sale and was listed by ARMLS on Feb 27, 2026. The MLS # for this home is MLS# 6990515.