Date
Details
Price
Change
Source
2/26/2026
Listed
$1,040,000
—
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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1/11
$1,040,000 Just Listed
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1/11
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.
Full Property Details
Full Property Details for 2916 E Monroe St
General
- Price: $1,040,000
- HOA FEE: $6,313
- Taxes: $1,557 (2025)
- Status: Active
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6990042
- Updated: Today (2/26/2026)
- Added to Site: Today
Interior
- Appliances: Built-In Range, Free-Standing Range, Other, Refrigerator, Microwave
- Flooring: Other, Ceramic Tile
Parking
- Parking Features: Other, >1 Space Per Unit, On Street
Location
- County: Maricopa
- Township: 1N
- Subdivision: EL MOLINO PLACE
- Cross Streets: Van Buren & 29th Street
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, See Remarks, Individual
- Heating Type: See Remarks, Individual, Heat Pump, Electric
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 6
- Exterior Const.: Other, Wood Frame, Painted, Stucco
- Roof: Other, Composition, Rolled/Hot Mop
- Year Built: 1944
Lot Features
- Lot Dimensions: 100 ft x 150 ft
- Frontage: Concrete, Asphalt
- Zoning: R-5
Financial Considerations
- Maint. Fee/Month: $6,313
- Tax Amount: $1,557
- Tax Year: 2025
- Terms: CTL, Conventional
- Owner Pays: Trash Collection, Water, Sewer
Disclosures and Reports
- Multiple Parcels: Yes
- Legal Description: EL MOLINO PL
- Property ID: 121-65-018
- Range: 3E
- Section: 11
- Block: 1
- Lot Number: 16
Listed by Matthews Real Estate Investment Services
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Listing agent
— 2916 E Monroe St —
Matthews Real Estate Investment Services
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Schools
Schools serving 2916 E Monroe St
School Districts:Wilson Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Wilson Elementary School, Phoenix, AZ 2929 East Fillmore Street, Phoenix, AZ 85008 | 4-8 | 0.2 mi |
Wilson Primary School 415 North 30th Street, Phoenix, AZ 85008 | PK-3 | 0.2 mi |
Camelback High School 4612 North 28th Street, Phoenix, AZ 85016 | 9-12 | 3.8 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 2916 E Monroe St
Tax History
Tax History for 2916 E Monroe St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,557
7%
$82,575
-3%
2024
$1,456
—
$84,870
1%
2023
$1,462
6%
$84,105
40%
2022
$1,378
—
$60,255
40%
2022
$1,378
-1%
$43,155
28%
2021
$1,398
1%
$33,720
42%
2019
$1,386
—
$23,715
-16%
2020
$1,392
2%
$28,215
47%
2018
$1,369
8%
$19,170
3%
2017
$1,273
-2%
$18,645
34%
2016
$1,303
1%
$13,890
13%
2015
$1,291
-3%
$12,272
22%
2014
$1,335
34%
$10,080
70%
2013
$999
—
$5,920
—
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 2916 E Monroe St
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- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 3Total Baths
Listed by Arizona Legacy Group (520) 907-4386
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- Mobile Home
- Active
- Updated 58 minutes ago
- 3Beds
- 2Total Baths
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2916 E Monroe Street, Phoenix, AZ 85034 (MLS# 6990042) is a Multi-Family property with 9 units containing 0 bedrooms and 0 full bathrooms. 2916 E Monroe Street is currently listed for $1,040,000 and was received on February 26, 2026. Want to learn more about 2916 E Monroe Street? Do you have questions about finding other Multi-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.