Listed by Danny Kallay · Brokered by Compass

1 / 41

● For sale

$650,000

1502 W MONROE Street, Phoenix, AZ 85007

CAPITOL ADDITION BLOCKS 3-6 12-14 TRACT A · Maricopa County

Built 1911 No HOA

150 days on market

Description

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.

Listing updated: February 27, 2026

Listed by:

Danny Kallay 480-776-1555, Compass, Courtney Hoover

Source: Arizona Regional Multiple Listing Service, MLS#: 6990515

Property details

Interior

Bathrooms

Total Bathrooms: 0

Appliances

See Remarks

Heating and Cooling

Cooling Features: Heat Pump, Electric
Heating Features: Electric, Natural Gas

Exterior

Land Info

Lot Size Dimensions: 8400

Garage and Parking

Attached Garage: No
Parking Features: Other, On Street

Community

Neighborhood

Subdivision: CAPITOL ADDITION BLOCKS 3-6 12-14 TRACT A

Listing

Other Property Info

Annual Tax Amount: $1,818
Source Listing Status: Active
County: Maricopa
Directions: S to Monroe/ Home on the corner
Parcel Number: 112-02-024
Zoning: R5
Postal City: Phoenix
Listing Date: 2/26/2026
MLS#: 6990515

Features

Building and Construction

Year Built: 1911
Property Age: 115
Construction Materials: Block, Wood Frame, Painted, Stucco
Roof: Composition, Other

Utilities

Water Source: City Franchise, Individual Meter

Contact Us

Ask a question or schedule a showing

Data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.