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$649,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 0.15 Acres
  • Updated 5 hours ago
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Fully RENOVATED 3-UNIT Turnkey Short-Term Rental in Central Phoenix! Cap rate 10%+, average occupancy 75%, and strong Airbnb rating of 4.8+ stars! Comes with confirmed future bookings totaling over $5,500 through Mar 1, 2026. Property consists of one 2-bed/1-bath unit, one 1 bed/1 bath unit and private studio - each with its own kitchen, full bath, and separate entrance. The separate laundry room & shed serves gusts and maids. A fenced common courtyard offers a grill, fire pit, and lounge area with hammock - perfect for guest enjoyment. Separate maintenance/storage shed for cleaning crew and supplies. Every unit comes with furniture and decor. The property located in a high-demand area near Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, and the airport. R-3 Multifamily Zoning allows flexibility for future expansion or redevelopment. Expect immediate income with no additional work required!

Full Property Details for 1515 W Tonto St

General

  • Price: $649,000
  • Taxes: $983 (2025)
  • Status: Active
  • Type: Single Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6944308
  • Updated: 5/21/2026
  • Added to Site: 194 day(s) ago

Interior

  • Number of Rooms: 3
  • Interior Features: High Speed Internet, Granite Counters, Eat-in Kitchen, Furnished (See Remarks), 2 Master Baths, Full Bth Master Bdrm
  • Appliances: Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Gas Range, Built-In Gas Oven
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4

Exterior

  • Exterior Features: Private Yard, Screened in Patio(s)

Location

  • County: Maricopa
  • Township: 1N
  • Subdivision: STEVE RAYBURN SUBDIVISION
  • Cross Streets: Buckeye Rd and 15th

Community

  • Assoc. Fees Include: No Fees

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Mini Split
  • Heating Type: Electric

Utilities

  • Water: City Water

Structural Information

  • Exterior Const.: Stucco, Block
  • Roof: Composition
  • Windows: Dual Pane
  • Sq. Ft. Source: Owner
  • Year Built: 1943

Additional Structures

  • Other Structures: Separate Guest House, Gazebo

Lot Features

  • Lot Size (Acres): 0.15
  • Lot Size (Sq. Ft.): 6,426
  • Lot Size Source: Assessor
  • Lot Features: Gravel/Stone Front, Gravel/Stone Back, Synthetic Grass Back

Financial Considerations

  • Tax Amount: $983.24
  • Tax Year: 2025
  • Terms: Cash, Conventional, 1031 Exchange, FHA, VA Loan

Disclosures and Reports

  • Ownership: Fee Simple
  • Legal Description: STEVE RAYBURN SUB
  • Property ID: 112-14-112
  • Range: 3E
  • Section: 7
  • Lot Number: 7

Listed by eXp Realty

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— 1515 W Tonto St —

  • eXp Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1515 W Tonto St

School Districts:Phoenix Union High School District, Phoenix Elementary District
NameGradesDistance
Mary Mcleod Bethune School
1310 South 15th Avenue, Phoenix, AZ 85007
PK-80.3 mi
Central High School
4525 North Central Avenue, Phoenix, AZ 85012
9-124.6 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 1515 W Tonto St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/29/2026
Price Reduced
$649,000
-3.85%
MLS
11/08/2025
Listed
$675,000
90.14%
MLS
3/30/2023
Sold
$355,000
—
Public Record
Get Price Alerts and Save Property
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 for 1515 W Tonto St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$983
7%
$27,980
8%
2024
$922
-10%
$25,950
27%
2023
$1,030
4%
$20,400
4%
2022
$993
—
$19,650
78%
2022
$993
1%
$11,070
-7%
2021
$986
121%
$11,900
13%
2020
$446
—
$10,510
30%
2019
$446
142%
$8,060
56%
2018
$184
—
$5,180
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1515 W Tonto Street, Phoenix, AZ 85007 (MLS# 6944308) is a Single Family property with 4 bedrooms and 3 full bathrooms. 1515 W Tonto Street is currently listed for $649,000 and was received on November 08, 2025. Want to learn more about 1515 W Tonto Street? 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.

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