2916 E MONROE Street, Phoenix, AZ 85034

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.

Listing Status:

Active

Date Added:

February 26, 2026

Data Last Updated:

March 1, 2026 at 3:08AM

Listing Office:

Matthews Real Estate Investment Services : 310-388-0788

Listing Agent:

Bradley Skenderian :

MLS ID:

6990042

Interior

• Flooring: OtherCeramic Tile
• A/C: Central AirSee RemarksIndividual
• Heating: See RemarksIndividualHeat PumpElectric

Exterior

• Parking: Other>1 Space Per UnitOn StreetParking spaces: 15

Construction

• Roofing: OtherCompositionRolled/Hot Mop
• General: OtherWood FramePaintedStucco

Location

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

Lot

• Zoning: R-512165018

Utilities

• Water: City Franchise
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2