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$850,000
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Property Description
Fantastic investment opportunity in a gorgeous historic neighborhood near the Arizona State Capitol in the heart of Central Phoenix. This well-maintained fourplex features 4 beautifully remodeled efficiency units, consistently in demand with both short- and long-term tenants. Each fully furnished unit offers a private kitchenette w/ stainless steel gas range, refrigerator, & microwave, along with a well-appointed bathroom w/ shower. Windows in the property were replaced approximately 4 years ago. Property includes an inviting front porch and a detached one-car garage with water plumbing, offering potential for conversion into a fifth rental unit. Ideally situated on a peaceful, tree-lined street close to dining, shopping, sports venues, and entertainment. Buyer to verify all information.
Full Property Details
Full Property Details for 1317 W Monroe St
General
- Price: $850,000
- Taxes: $1,438 (2025)
- Status: Active
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7003581
- Updated: 6/30/2026
- Added to Site: 108 day(s) ago
Interior
- Appliances: Built-In Range, Refrigerator, See Remarks, Microwave, Washer/Dryer
- Flooring: Wood
Exterior
- Exterior Features: Sidewalk(s)
Parking
- Parking Features: Detached Garage, See Remarks, On Street
Location
- County: Maricopa
- Township: 1N
- Subdivision: WOODLAND PLACE
- Cross Streets: Van Buren and 15th Ave
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Evaporative Cooling, See Remarks, Wall/Window Air Conditioning
- Heating Type: Natural Gas
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 2
- Exterior Const.: Brick Veneer, Painted, Block, Brick
- Roof: Composition
- Year Built: 1926
Unit Information
- Vacancy %: .1
Lot Features
- Lot Dimensions: 50' x 125'
- Frontage: Asphalt
- Zoning: R5
Financial Considerations
- Tax Amount: $1,438
- Tax Year: 2025
- Terms: Conventional, VA Loan
- Owner Pays: Trash Collection, Water, Sewer
Disclosures and Reports
- Legal Description: WOODLAND PL
- Property ID: 112-03-076
- Range: 3E
- Section: 7
- Lot Number: 5
Listed by Redfin Corporation
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Schools
Schools serving 1317 W Monroe St
School Districts:Phoenix Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Paul Dunbar Lawrence School 707 West Grant Street, Phoenix, AZ 85007 | K-8 | 0.8 mi |
Central High School 4525 North Central Avenue, Phoenix, AZ 85012 | 9-12 | 3.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1317 W Monroe St
Date
Details
Price
Change
Source
5/26/2026
Price Reduced
$850,000
-1.73%
MLS
5/06/2026
Price Reduced
$865,000
-1.14%
MLS
3/25/2026
Listed
$875,000
34.62%
MLS
5/15/2022
Sold
$650,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1317 W Monroe St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,438
—
$10,125
-81%
2025
$1,438
7%
$54,510
-6%
2023
$1,341
4%
$58,210
32%
2022
$1,293
—
$44,260
23%
2022
$1,293
1%
$35,920
7%
2021
$1,284
-1%
$33,480
11%
2020
$1,298
—
$30,160
14%
2019
$1,296
2%
$26,550
33%
2018
$1,274
2%
$19,900
14%
2017
$1,244
3%
$17,470
26%
2016
$1,209
8%
$13,850
87%
2015
$1,119
11%
$7,410
25%
2014
$1,009
-13%
$5,920
-9%
2013
$1,157
—
$6,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1317 W Monroe St
1317 W Monroe Street, Phoenix, AZ 85007 (MLS# 7003581) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1317 W Monroe Street is currently listed for $850,000 and was received on March 25, 2026. Want to learn more about 1317 W Monroe Street? Do you have questions about finding other Multi-Family real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

