1502 W MONROE Street, Phoenix, AZ 85007

Property Description

Multi-Family | Fully Remodeled | Active Airbnb in Downtown's Historic District. This beautifully renovated 1911 Craftsman offers a rare, income-producing setup with space, charm, and flexibility. The main residence features 8 bedrooms and 4.5 baths, plus a unique basement/bomb shelter ideal for storage, a wine cellar, or a creative flex space. Above the detached 2-car garage, a separate 2 bed / 1 bath apartment with a full kitchen provides an additional rental stream or private guest quarters. Positioned on a corner lot and currently operating as an active Airbnb, this property is minutes from major Downtown Phoenix attractions including The Van Buren, the Japanese Friendship Garden, and Chase Field.

Listing Status:

Active

Date Added:

February 26, 2026

Data Last Updated:

February 28, 2026 at 10:08PM

Listing Office:

Compass : 480-776-1555

Listing Agent:

Danny Kallay : 480-694-8571

MLS ID:

6990515

Interior

• Flooring: CarpetWoodConcrete
• A/C: ElectricHeat Pump
• Heating: ElectricNatural Gas

Exterior

• Parking: OtherOn StreetParking spaces: 5

Construction

• Roofing: OtherComposition
• General: Wood FramePaintedStuccoBlock

Location

• Road/Access: Concrete
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Phoenix Elementary District
• County: Maricopa

Lot

• Zoning: R511202024

Utilities

• Water: Individual MeterCity Franchise
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2