AZ
Maricopa
Phoenix
85034
2916 E MONROE Street
2916 E MONROE Street, Phoenix, AZ 85034
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Listing Type
Multi Family
Listing Status
Active
11
$1,040,000

Home Details for 2916 E MONROE Street

Price
$1,040,000
Type
Residential Income
Year built
1944
County
Maricopa
Listing #
6990042
Listing Courtesy: Matthews Real Estate Investment Services - 310-388-0788
Property Description

9 unit multifamily investment opportunity in Phoenix, AZ. Built in 1946, the property spans two contiguous parcels (2916 and 2920 E. Monroe Street) and features a diverse mix mix: (3) studios, (3) one-bedrooms, (2) two-bedrooms, and (1) large three-bedroom unit over 1,000 SF. The asset offers a cap rate of 7.79% on current financials resulting in stable cash flow with upside potential. Current ownership has already completed a full sewer line replacement, mitigating a major capital expense. Strategically located, the property provides convenient access to Downtown Phoenix, Phoenix Sky Harbor International Airport, and major transportation corridors (Loop 202 and I-10), ensuring strong long-term tenant demand and investment stability.

Property Features
  • Heating Information
    • See Remarks
    • Heat Pump
    • Electric
  • Parking
    • Other
    • On Street
  • Cooling Information
    • Central Air
  • Water Features
    • Public
School Information
School Information for 2916 E MONROE Street, Phoenix, AZ 85034
Elementary School
N/A
Middle School
Wilson Elementary School
High School
N/A
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Last Updated: 2026-04-02 16:31:18
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64 E. Broadway Rd. Ste 200, Tempe, AZ 85282
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