1506 E Monroe, Phoenix, AZ 85034 - Photo 1

1/1

$399,500

Sold
Closed
Single Family
3 Beds
2 Total Baths
0.16 Acres

1/1

Property Description

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 opportunity'â‚¬''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!

Full Property Details

Full Property Details for 1506 E Monroe

General

Sold For: $399,500
Taxes: $2,082 (2024)
Status: Closed
Type: Single Family
Source: ARMLS_Arizona_MLS_Phoenix_Area
MLS ID: 6777514
Added to Site: 478 day(s) ago

Interior

Interior Features: High Speed Internet, Granite Counters, No Interior Steps, 3/4 Bath Master Bdrm
Fireplace(s): None
Flooring: Vinyl, Tile, Wood

Rooms

Bathrooms

Total Bathrooms: 2

Bedrooms

Total Bedrooms: 3

Other Rooms

Laundry: Wshr/Dry HookUp Only

Exterior

Exterior Features: Other

Location

County: Maricopa
Township: 1N
Subdivision: COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40
Cross Streets: 16th Street and Van Buren

Community

Assoc. Fees Include: No Fees

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air
Heating Type: Natural Gas

Utilities

Water: City Water
Utility Description: SW Gas

Structural Information

Builder: UNK
Exterior Const.: Stucco, Painted, Adobe
Roof: Composition
Windows: Dual Pane
Sq. Ft. Source: Assessor
Year Built: 1941

Lot Features

Lot Size (Acres): 0.16
Lot Size (Sq. Ft.): 6,750
Lot Size Source: Assessor
Lot Features: Sprinklers In Front, Gravel/Stone Front, Synthetic Grass Frnt
Fencing (Description): Block, Wrought Iron

Financial Considerations

Tax Amount: $2,082
Tax Year: 2024
Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

Ownership: Fee Simple
Legal Description: COLLINS
Property ID: 116-46-015
Range: 3E
Section: 9
Lot Number: 14

Listed by Realty ONE Group Mountain Desert
Sold by The Brokery

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Schools

Schools serving 1506 E Monroe

School Districts:Phoenix Elementary District, Phoenix Union High School District

Name	Grades	Distance
Garfield School 811 North 13th Street, Phoenix, AZ 85006	PK-8	0.5 mi
North High School 1101 East Thomas Road, Phoenix, AZ 85014	9-12	2.1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1506 E Monroe

Date

Details

Price

Change

Source

3/19/2025

Sold

$399,500

-6%

MLS

2/13/2025

Price Reduced

$425,000

-3.41%

MLS

10/30/2024

Listed

$440,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1506 E Monroe, Phoenix, AZ 85034 (MLS# 6777514) is a Single Family property that was sold at $399,500 on March 19, 2025. Want to learn more about 1506 E Monroe? Do you have questions about finding other Single Family real estate for sale in Central City? You can browse all Central City real estate or contact a Coldwell Banker agent to request more information.

1506 E Monroe Phoenix, AZ 85034