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Listing provided courtesy of Redfin Corporation- MLS# 7003581MLS Provider

1317 W MONROE StreetPhoenix, AZ 85007

Multi-Family
$850,000 Active

1317 W MONROE Street Overview

Time on Site:
97 days
Visits:
0

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.

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1317 W MONROE Street Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: Phoenix Union High School District
  • Elementary School: Paul Dunbar Lawrence School
  • Middle Or Junior School: Paul Dunbar Lawrence School
  • High School: Central High School

Income/Expenses

  • Electric Expense: 5000.0
  • Fuel Expense: 1000.0
  • Gardener Expense: 600.0
  • Gross Income: 108000.0
  • Gross Scheduled Income: 120000.0
  • Insurance Expense: 3600.0
  • Net Operating Income: 114000.0
  • Operating Expense: 14338.0
  • Trash Expense: 1250.0
  • Water Sewer Expense: 1250.0

Building Information

  • Year Built: 1926

Location/Region

  • Country: US
  • County Or Parish: Maricopa
  • Postal City: Phoenix
  • Subdivision Name: WOODLAND PLACE
  • Township: 1N

Community/Development

  • Community Features: No Pool

Tax Information

  • Tax Annual Amount: $1,438.00
  • Tax Year: 2025

General Information

  • Disclosures: Seller Prop Disc Stm
  • Listing Terms: Conventional,VA Loan
  • Ownership: Fee Simple
  • Parcel Number: 112-03-076
  • Property Type: Multiple Dwellings
  • Zoning: R5

Interior

Parking Information

  • Garage: true

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Electric: APS,Individual Meter
  • Flooring: Wood

Exterior

Parking Information

  • Open Parking Spaces: 1.0
  • Parking Features: Detached Garage,See Remarks,On Street

Lot Information

  • Additional Parcels: false
  • Lot Size Dimensions: 50'x125'
  • Number Of Buildings: 2
  • Road Surface Type: Asphalt
  • Water Source: City Franchise

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Brick Veneer,Painted,Block,Brick
  • Roof: Composition

General Information

  • Covered Spaces: 1.0
  • Exterior Features: Sidewalk(s)
  • Number Of Units Total: 4
  • Sewer: Public Sewer

1317 W MONROE Street Neighborhood

Community

85007 (PHOENIX) Demographics

32
Median Age
3,233
Population Density (per sq. mile)
27%
College Educated
$35,642
Estimated Median Income
1,924
Estimated Total Home Owners
3,272
Estimated Total Renters
37% / 63%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1317 W MONROE Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1317 W MONROE Street Market Data

Based on the last 30 days in this zip code

$728,004
Average List Price
$392
Average Price per Square Foot
10
Properties Sold
91
Average Days on Market
51
Properties for Sale
Calculations provided by Reliance Network

1317 W MONROE Street History

Date Event Value Agent
5/26/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$850,000 -1.7%
5/6/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$865,000 -1.1%
3/25/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
March 25, 2026