1506 E MONROE Street, Phoenix, AZ 85034
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Property image
OFF MARKET

1506 E MONROE Street
Phoenix, AZ 85034

Central City
  • 3 Beds
  • 2 Baths
  • 1,221 sqft

$398,100

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $2,253/mo*
Refinance Your Home

$398,100

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $2,253/mo*
Refinance Your Home
3 Beds
2 Baths
1,221 sqft

Local Information

  • Map ViewExplore the area around 1506 E MONROE Street.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1941
Living Area
1,221 sqft
Price/Sqft
$326
Parking
2 Open Spaces

About this House

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!
1506 E MONROE Street, Phoenix, AZ 85034 is a 3 bedroom, 2 bathroom, 1,221 sqft single-family home in Central City, built in 1941. It last sold for $399,500 on Oct 6, 2025 (6% below the $425,000 asking price). More recently, it was listed as a rental in April 2023 with an asking price of $2,250 per month. That rental listing was removed on April 25, 2023. It is currently off market. The Trulia Estimate is $398,100, with a rent estimate of $2,540/month.

Home Details for 1506 E MONROE Street

Interior Features

Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2
Dimensions and Layout
Living Area: 1221 Square Feet
Appliances & Utilities
Appliances: Refrigerator, Dishwasher, Disposal, Gas Range, Gas OvenDishwasherDisposalLaundry: Gas Dryer HookupRefrigerator
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Spa: NoneNo Fireplace
Windows, Doors, Floors & Walls
Window: Double Pane WindowsFlooring: Vinyl, Tile, Wood
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Floors: Vinyl, Tile, Wood

Exterior Features

Exterior Home Features
Roof: CompositionPatio / Porch: CoveredFencing: Block, Wrought IronExterior: OtherNo Private Pool
Parking & Garage
Number of Carport Spaces: 1Number of Covered Spaces: 1Open Parking Spaces: 2Has a CarportNo GarageHas Open ParkingParking Spaces: 3Parking: Carport, Open
Pool
Pool: None
Frontage
Responsible for Road Maintenance: City Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Not Allowed to Raise Horses

Days on Market

Cumulative Days on Market: 135

Property Information

Year Built
Year Built: 1941
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Stucco, Painted, AdobeNot Attached Property
Property Information
Usage of Home: OtherParcel Number: 11646015

Price & Status

Price
List Price: $425,000
Status Change & Dates
Off Market Date: Wed Mar 19 2025Possession Timing: By Agreement

Active Status

MLS Status: Closed

Location

Direction & Address
City: PhoenixCommunity: COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40
School Information
Elementary School: ASU Preparatory Academy - Polytechnic ElementaryElementary School District: Wilson Elementary DistrictJr High / Middle School: ASU Preparatory Academy - Phoenix Middle SchoolHigh School: ASU Preparatory Academy - Phoenix High SchoolHigh School District: Phoenix Union High School District

Building

Building Area
Building Area: 1221 Square Feet

HOA

HOA Fee Includes: No FeesNo HOA

Lot Information

Lot Area: 6750 sqft

Offer

Listing Terms: Cash, Conventional, FHA, VA Loan

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 6777514
Last check for updates: about 8 hours ago
Listed by Preston Dean Richardson, (317) 586-0334
Realty ONE Group Mountain Desert
Bought with: Alice Blakely, (602) 320-4066, The Brokery
Source: ARMLS, MLS#6777514
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Price History for 1506 E MONROE Street

DatePriceEventSource
10/06/2025$399,500Sold
N/A
03/19/2025$399,500Sold
ARMLS #6777514
02/13/2025$425,000PriceChange
ARMLS #6777514
10/30/2024$440,000Listed For SaleARMLS #6777514
01/23/2024$399,000ListingRemovedARMLS #6224376
04/25/2023ListingRemovedZillow Rentals
04/11/2023$2,250Listed For RentZillow Rentals
09/29/2022ListingRemovedZillow Rental Manager
09/19/2022$2,100Listed For RentZillow Rental Manager
09/02/2022ListingRemovedZillow Rental Network Premium
08/30/2022$2,150PriceChange
Zillow Rental Network Premium
08/16/2022$2,250PriceChange
Zillow Rental Network Premium
07/18/2022$2,350Listed For RentZillow Rental Network Premium
06/10/2021$399,000ListingRemovedARMLS #6224376
05/22/2021$385,000PriceChange
ARMLS #6234780
05/12/2021$395,000PriceChange
ARMLS #6234780
04/21/2021$399,000Listed For SaleARMLS #6224376
03/01/2021ListingRemovedHomeSmart
02/24/2021$399,000PriceChange
ARMLS #6192992
02/17/2021$419,500PriceChange
ARMLS #6192992
02/11/2021$429,900Listed For SaleARMLS #6192992
09/17/2020$182,500Sold
ARMLS #6112831
09/04/2020$250,000PendingToActiveAgent Provided
08/15/2020$250,000PendingAgent Provided

Market trends in Central City

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$351K
$3.67KMoM
Sale-to-List Price
—
Price per sq ft
$315
$4MoM
Available listings
150
11MoM
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Property Tax and Assessment

Year2025
Tax$2,211
Assessment$251,500
Home facts updated by county records

Comparable Sales for 1506 E MONROE Street

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1514 E FILLMORE Street, Phoenix, AZ
0.31
Single-Family Home
$430,170
09/02/25
4
2
1,212
418 N 14TH Street, Phoenix, AZ
0.25
Single-Family Home
$345,000
12/29/25
4
2
1,402
1327 E FILLMORE Street, Phoenix, AZ
0.34
Single-Family Home
$480,000
11/12/25
2
2
1,315
1433 E GARFIELD Street, Phoenix, AZ
0.47
Single-Family Home
$400,000
08/05/26
4
2
1,802
1926 E ADAMS Street, Phoenix, AZ
0.55
Single-Family Home
$289,000
02/12/26
3
2
986
1630 E ADAMS Street, Phoenix, AZ
0.19
Single-Family Home
$289,900
08/03/26
2
1
728
1348 E FILLMORE Street, Phoenix, AZ
0.34
Single-Family Home
$470,000
03/24/26
2
1
1,008
1017 E TAYLOR Street, Phoenix, AZ
0.62
Single-Family Home
$290,000
06/22/26
4
2
1,280

Nearby homes

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Assigned Schools

These are the assigned schools for 1506 E MONROE Street.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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.
  • 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
    Flag
  • 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
    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
    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

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Homes for sale near 1506 E MONROE Street

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Off Market Homes Near 1506 E MONROE Street

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Frequently asked questions about 1506 E MONROE Street

  • What is 1506 E MONROE Street estimated to be worth?
    Trulia's estimated value for 1506 E MONROE Street in Phoenix, AZ is $398,100.
  • What is the price history for 1506 E MONROE Street?
    1506 E MONROE Street in Phoenix, AZ last sold for $399,500 in October 2025.
  • Is Phoenix a buyer's or seller's market?
    Phoenix is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Phoenix?
    The median sale price in Phoenix is $351K. That is down $3.67K from the prior month.
  • Does 1506 E MONROE Street have air conditioning?
    Yes, 1506 E MONROE Street in Phoenix, AZ has air conditioning.
  • Does 1506 E MONROE Street have laundry facilities?
    Yes, 1506 E MONROE Street in Phoenix, AZ has laundry facilities.