2916 E Monroe St

Phoenix, AZ 85034

$1,040,000
Price
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Beds
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Baths
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Sq. Ft.
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per Sq. Ft.
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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...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.
  1. Listed by Bradley Skenderian • Brokerage DRE #CO701910000 • Matthews Real Estate Investment Services
    P: (949)-533-5594 C: (949)-533-5594 brad.skenderian@matthews.com

Property Details for 2916 East Monroe Street

Subdivision Name
EL MOLINO PLACE
View YN
No
Zoning
R-5
LISTING UPDATED: 04/02/2026 02:55 PM

Property Details for 2916 East Monroe Street

StatusActive
MLS #6990042
Days on Market71
Taxes$1,557 / year
HOA Fees-
Condo/Co-op Fees$6,313 / month
Property TypeMulti Family
MLS TypeMultiple Dwellings
Year Built1944
Lot Size0.00 AC / 100 SF
CountyMaricopa County
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Location

Listing Courtesy of Matthews Real Estate Investment Services
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Building Information for 2916 East Monroe Street

Stories-Residences9Year Built1944Building Size-Lot Size0.00 AC / 100 SF

Payment Calculator

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$11,680 per month

30 year fixed, 6.46% Interest

Principal and Interest

$5,237

Property Taxes

$130

HOA Dues

$6,313

The Payment Calculator is for illustrative purposes only.

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Property Information for 2916 East Monroe Street

Summary
Location and General Information
  • Unparsed Address: 2916 E MONROE Street, Phoenix, AZ 85034
  • City: Phoenix
  • Coordinates: -112.018552, 33.450561
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: Van Buren & 29th Street
  • Latitude: 33.450561
  • Longitude: -112.018552
  • Postal City: Phoenix
  • Postal Code: 85034
  • Postal Code Plus4: 1512
  • State Or Province: AZ
  • Street Suffix: Street
  • Year Built: 1,944
Taxes and HOA
  • Tax Annual Amount: $1,557.00
  • Tax Block: 1
  • Tax Book Number: 121.00
  • Tax Legal Description: EL MOLINO PL
  • Tax Lot: 16
  • Tax Year: 2,025
Parking
  • Covered Spaces: 0
  • Garage YN: No
  • Open Parking Spaces: 15
  • Open Parking YN: Yes
  • Parking Features: Other, >1 Space Per Unit, On Street
  • Parking Total: 15
School Information
  • Elementary School District: Wilson Elementary District
  • High School District: Phoenix Union High School District
  • Middle Or Junior School: Wilson Elementary School
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Dimensions: 100 ft x 150 ft
Property and Assessments
  • Disclosures: Other (See Remarks), None
  • Documents Change Timestamp: 02-26-2026 05:35:35 PM
  • Documents Count: 0
  • Ownership: Fee Simple
  • Parcel Number: 12165018
  • Property Type: Multiple Dwellings
  • Public Survey Range: 3E
  • Public Survey Section: 11
  • Public Survey Township: 1N
  • Road Surface Type: Concrete, Asphalt
Utilities
  • Electric: APS, Individual Meter
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Water Sewer Expense: $22,088.00
  • Water Source: City Franchise
Interior and Exterior Features
Exterior Features
  • Community Features: No Pool
  • Construction Materials: Other, Wood Frame, Painted, Stucco
  • Number Of Buildings: 6
  • Number Of Units Total: 9
  • Roof: Other, Composition, Rolled/Hot Mop
Interior Features
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Integer: 0
  • Cooling: Central Air, See Remarks, Individual
  • Cooling YN: Yes
  • Flooring: Other, Ceramic Tile
  • Heating: See Remarks, Individual, Heat Pump, Electric
  • Heating YN: Yes
Multi Family
Income & Expenses
  • Gross Income: $114,060.00
  • Gross Scheduled Income: $114,060.00
  • Insurance Expense: $1,599.00
  • Maintenance Expense: $6,313.00
  • Net Operating Income: $80,990.00
  • Operating Expense: $31,557.00

Property History for 2916 East Monroe Street

DateEvent & SourcePriceAppreciation
Feb 26, 2026

Listed (Active)

ARMLS #6990042

$1,040,000—
Oct 29, 2025

Withdrawn

ARMLS #6744412

$999,999—
Apr 26, 2025

Listed (Active)

ARMLS #6744412

—
DateEvent & SourcePrice
02/26/2026

Listed (Active)

ARMLS #6990042

$1,040,000
10/29/2025

Withdrawn

ARMLS #6744412

$999,999
04/26/2025

Listed (Active)

ARMLS #6744412

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2916 East Monroe Street

Taxable ValueLand-Additions-Total-
Tax Record2025$1,557 ($130 / month)
Home Facts
Beds0Total Finished SqFt240 SqFtAbove Grade Finished SqFt240 SqFtStories1Lot Size7,340 SqFtStyleSingle Family ResidenceYear Built1946ZoningR-5CountyMARICOPAAPN121-65-018

Schools near 2916 East Monroe Street

This home is within Wilson Elementary District.
Rating
School
Type
Grades
Distance
Wilson Primary School
Public - PK to 3
Wilson Elementary School
Public - 4 to 8
Camelback High School
Public - 9 to 12
Phoenix Coding Academy
Public - 9 to 12
Rating
School
Distance
Wilson Primary School
PublicPK to 3

Wilson Elementary School
Public4 to 8

Camelback High School
Public9 to 12

Phoenix Coding Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2916 East Monroe Street, Phoenix, AZ 85034

2916 East Monroe Street is a multi-family home for sale in Phoenix, AZ 85034. This property was listed for sale on February 26, 2026 by Matthews Real Estate Investment Services, it's currently listed at $1,040,000. It has been on the market for a total of 71 days and was last sold on August 27, 2015. This listing's school districts are Phoenix Union High School District, Wilson Elementary District. Nearby schools include Wilson Primary School, Wilson Elementary School and Camelback High School. 2916 East Monroe Street is a 0-bed, 0-bath, multi-family home built in 1944.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Matthews Real Estate Investment Services

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2026 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.