1537 E MONROE Street #3, Phoenix, AZ 85034
Property image
Property image
OFF MARKET

$460,000

Last sold price

    1537 E MONROE Street #3, Phoenix, AZ 85034

    Central City
    Currently Off Market - Sold May 31, 2024 for $460,000

    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
    1426 E WASHINGTON Street #19 & 20, Phoenix, AZ
    0.19
    Lot/Land
    $400,000
    05/01/26
    -
    -
    1152 E MONROE Street #15, Phoenix, AZ
    0.49
    Lot/Land
    $1,600,000
    12/19/25
    -
    -
    926 E FILLMORE Street #-, Phoenix, AZ
    0.81
    Lot/Land
    $825,000
    02/06/26
    -
    -
    918 E FILLMORE Street #5, Phoenix, AZ
    0.82
    Lot/Land
    $375,000
    03/13/26
    -
    -
    1005 N 21ST Place #-, Phoenix, AZ
    0.96
    Lot/Land
    $500,000
    01/12/26
    -
    -
    1133 E MCKINLEY Street #23, Phoenix, AZ
    0.69
    Lot/Land
    $149,000
    03/12/26
    -
    -

    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
    1533 E ADAMS Street, Phoenix, AZ 85034
    0.07
    $659,000
    4
    4
    1,860
    For Sale
    1529 E ADAMS Street, Phoenix, AZ 85034
    0.07
    $659,000
    4
    4
    1,860
    For Sale
    1514 E Monroe Street, Phoenix, AZ 85034
    0.07
    $1,805,800
    3
    3
    8,800
    Off Market
    1630 E ADAMS Street, Phoenix, AZ 85034
    0.11
    $289,900
    2
    1
    728
    Recently Sold
    1506 E MONROE Street, Phoenix, AZ 85034
    0.08
    $394,000
    3
    2
    1,221
    Off Market
    314-26 N 16TH Street #34, Phoenix, AZ 85006
    0.13
    -
    -
    -
    -
    Off Market
    1438 E ADAMS Street, Phoenix, AZ 85034
    0.13
    $999,000
    4
    4
    1,924
    For Sale
    313 N 15TH Street #7, Phoenix, AZ 85006
    0.13
    -
    -
    -
    -
    Off Market
    1430 E ADAMS Street, Phoenix, AZ 85034
    0.15
    $369,999
    3
    2
    1,386
    For Sale
    318 N 15TH Street, Phoenix, AZ 85006
    0.15
    $1,597,600
    3
    4
    5,050
    Off Market
    1426 E WASHINGTON Street #19 & 20, Phoenix, AZ 85034
    0.19
    $400,000
    -
    -
    -
    Recently Sold

    Local Information

    • Map ViewExplore the area around 1537 E MONROE Street #3.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    Home Highlights

    Lot/Land
    0.32 acre lot

    About this House

    What's unique:Entertainment centersNearby light railLarge gate
    These are 2 lots are ready for development!
    APN 116-46-074 and 116-46-075.
    Two adjacent parcels in downtown Phoenix.

    Both lots are 50' x 140' or 7,000 square feet. Total is 100' x 140' for a combined 14,000 square feet or .32 acres.

    1537 E. Monroe is zoned R5 and 1539 is zoned C3 which allows for residential use.

    The lots are located in one of the hottest redevelopment areas of Phoenix with nearby light rail, employment, education and entertainment centers. Lots are in designated Opportunity Zone and within several other special zoning, development and transportation schemes.

    Lot is fenced on 3 sides with a large gate providing alley access.

    There are currently 5 small structures on the commercial lot (vacant). These structures are approximately 300 square feet each with a toilet and sink. Tenant improvements would be required to make these tenantable but, a couple have been leased to commercial tenants in the recent past by the prior owner (current owner does not have information on terms).

    Prior owner commissioned site plan which allows for 16 - 21 residential units across three stories above 28 parking spaces on the ground level. Current owner has also reviewed an alternative duplex development on each lot with a local developer of duplexes in the area.

    {buyer to confirm all calculations and measurements}
    1537 E MONROE Street #3, Phoenix, AZ 85034 is a lot/land in Central City. It last sold for $460,000 on May 31, 2024 (6% below the $490,000 asking price). This property is not currently displayed as for sale or rent on Trulia.
    Last check for updates: about 9 hours ago
    Listed by Robert Hershey, (480) 980-7653
    My Home Group Real Estate
    Bought with: Robert Hershey, (480) 980-7653, My Home Group Real Estate
    Source: ARMLS, MLS#6622364
    All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

    Home Details for 1537 E MONROE Street #3

    Interior Features

    Gas & Electric
    Electric: APSHas Electric on Property

    Exterior Features

    Parking & Garage
    No CarportNo Garage
    Frontage
    Not on Waterfront
    Water & Sewer
    Sewer: Public Sewer

    Days on Market

    Cumulative Days on Market: 196

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Land
    Property Information
    Parcel Number: 11646075A

    Price & Status

    Price
    List Price: $490,000
    Status Change & Dates
    Off Market Date: Wed May 08 2024

    Active Status

    MLS Status: Closed

    Location

    Direction & Address
    City: PhoenixCommunity: COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40
    School Information
    Elementary School District: Phoenix Elementary DistrictHigh School District: Phoenix Union High School District

    HOA

    No HOA

    Lot Information

    Lot Area: 0.32 acres

    Offer

    Listing Terms: Cash, Conventional

    Miscellaneous

    Mls Number: 6622364

    Price and Tax history

    DateEventPrice
    May 31, 2024
    Source: ARMLS #6622364
    		Sold
    $460,000
    May 8, 2024
    Source: ARMLS #6622364
    		Pending
    $490,000
    Apr 15, 2024
    Source: ARMLS #6622364
    		PriceChange
    $490,000
    Price decreased by 2%
    Jan 5, 2024
    Source: ARMLS #6622364
    		PriceChange
    $501,000
    Price decreased by 9%
    Oct 25, 2023
    Source: ARMLS #6622364
    		Listed For Sale
    $550,000

    Market trends in Phoenix

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

    Around this home

    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.
    • 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
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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 "
      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
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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! "
      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
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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
      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
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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."
      0
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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. "
      0
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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 "
      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

    LGBTQ Local Legal Protections

    Frequently asked questions about 1537 E MONROE Street #3

    • What is the price history for 1537 E MONROE Street #3?
      1537 E MONROE Street #3 in Phoenix, AZ last sold for $460,000 in May 2024.
    • Is Phoenix a buyer's or seller's market?
      Phoenix is currently a balanced market, based on recent for-sale activity.
    • What's the median sale price in Phoenix?
      The median sale price in Phoenix is $420K. That is down $5K from the prior month.
    • 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 recently sold homes in Central City, Phoenix.

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