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2440 E Monroe St, Phoenix, AZ 85034

  • $699,000

  • 5

    bed

  • 4

    bath

Multi-family for sale 123 days
80 homes bought nearby with Movoto recently

About 2440 E Monroe St

Property type Multi-family
Neighborhood
Year built 1940
HOA fee $0/month
Property description
Fantastic location within walking distance to the light rail, close to the airport and downtown Phoenix. Exterior recently painted, new roofs, laundry in 4 of the 5 units, 4 new a/c units and all units have tankless hot water heaters. Each of the units have had improvements upon vacancy such as: tiled flooring, tiled showers, backsplash and interior paint. Property is individually metered for electric. Lots of investor development in this area!
Listed by
Listing Agent - Emily Weaver
Listing Office - Open House Realty
Source: ARMLS mls logo
MLS#6994117 • last updated 4 months ago
Movoto checked ARMLS for data 10 minutes ago
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Overview
Cooling/AC Central Air, 2 Or More Units
Heating Electric
MLS # 6994117
Type Multiple Dwellings
Status Active
Property Tax 2293
Year Built 1940
Interior
Flooring Ceramic Tile, Vinyl
Appliances Refrigerator, Free-Standing Electric Oven, W/D Hookup
Exterior
Roof Composition
Construction Vinyl Siding, Wood Frame, Painted, Block
Parking 1 Space/Unit
# of Open Parking Spaces 5
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision HIALEAH
Community Features No Pool
Elementary School Wilson Elementary School
Elementary School District Wilson Elementary District
Middle School Wilson Elementary School
High School District Phoenix Union High School District
APN 121-63-016
Zoning R4
Directions East On Van Buren St, South On 24th St, West On Monroe St, Subject Property On The Left.
Multifamily Details
Total # of Units 5
Expense: Operating 9890.64
Financial Data Source Owner
Expense: Maintenance 500
Expense: Insurance 1302
Net Operating Income 67058.36
Gross Income 76800
Expense: Water/Sewer 5095.64
Gross Scheduled Income 76800
Expense: Gardener 700
Lot/ Land Details
Road Surface Concrete
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2/10
Wilson Primary School
public Grades PK, K-3
Wilson Elementary District
2/10
Wilson Elementary School
public Grades 4-8
Wilson Elementary District
2/10
Camelback High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Central City

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59/100
Walk
62/100
Family
93/100
Dining
97/100
Pet
  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85034
  • 2440 E Monroe St

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