For sale

Price cut: $15K (5/26)

$850,000

1317 W MONROE Street, Phoenix, AZ 85007

4beds

4baths

2,000sqft

$5,117/mo

Get pre-qualified

Multi Family

Built in 1926

-- sqft lot

$-- Zestimate^®

$425/sqft

$-- HOA

What's special

Fully furnished unitPeaceful tree-lined streetInviting front porch

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.

152 days

214

9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Heating

Natural Gas

Cooling

Ceiling Fan(s), Evaporative Cooling, See Remarks, Wall/Window Unit(s)

Appliances

Included: Built-In Range, Refrigerator, See Remarks, Microwave, Washer/Dryer

Features

Flooring: Wood

Interior area

Total structure area: 2,000
Total interior livable area: 2,000 sqft

Property

Parking

Total spaces: 2
Parking features: Detached Garage, See Remarks, On Street
Has garage: Yes
Covered spaces: 1
Uncovered spaces: 1

Features

Exterior features: Sidewalk(s)

Lot

Size: 6,250 Square Feet
Dimensions: 50' x 125'

Details

Parcel number: 11203076
Zoning: R5

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick Veneer, Painted, Block, Brick
Roof: Composition

Condition

Year built: 1926

Utilities & green energy

Electric: APS, Individual Meter
Sewer: Public Sewer
Water: City Franchise

Community & HOA

Community

Features: No Pool
Subdivision: WOODLAND PLACE

Location

Region: Phoenix

Financial & listing details

Price per square foot: $425/sqft
Tax assessed value: $526,800
Annual tax amount: $1,438
Date on market: 3/25/2026
Cumulative days on market: 152 days
Listing terms: Conventional,VA Loan
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/26/2026	Price change	$850,000-1.7%$425/sqft
Source: ARMLS #7003581 Report a problem
5/6/2026	Price change	$865,000-1.1%$433/sqft
Source: ARMLS #7003581 Report a problem
3/25/2026	Listed for sale	$875,000+34.6%$438/sqft
Source: ARMLS #7003581 Report a problem
5/19/2022	Sold	$650,000-10.3%$325/sqft
Source: MLS of Southern Arizona #22128730 Report a problem
3/11/2022	Pending sale	$725,000$363/sqft
Source: MLS of Southern Arizona #22128730 Report a problem
2/5/2022	Price change	$725,000-3.3%$363/sqft
Source: MLS of Southern Arizona #22128730 Report a problem
11/7/2021	Listed for sale	$750,000+165.5%$375/sqft
Source: MLS of Southern Arizona #22128730 Report a problem
5/24/2006	Sold	$282,500+101.8%$141/sqft
Source: ARMLS #2486168 Report a problem
3/29/2002	Sold	$140,000$70/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,438 +6.2%	$52,680 -9.5%
2024	$1,354 +1%	$58,210 +533.8%
2023	$1,341 +3.7%	$9,184 -74.4%
2022	$1,293 -0.4%	$35,920 +7.3%
2021	$1,298 +0.2%	$33,480 +11%
2020	$1,296 +1.7%	$30,160 +13.6%
2019	$1,274	$26,550 +33.4%
2018	$1,274 +2.4%	$19,900 +13.9%
2017	$1,244 +11.3%	$17,470 +26.1%
2016	$1,119 +10.9%	$13,850 +86.9%
2015	$1,009	$7,410 +25.2%
2014	--	$5,920 -8.9%
2013	--	$6,500 +2.4%
2012	--	$6,350 -43%
2010	--	$11,150 -46.4%
2009	--	$20,810 +13%
2008	--	$18,410 +41.1%
2007	--	$13,050 -10.9%
2006	--	$14,650 +193%
2004	--	$5,000
2003	--	$5,000 +1%
2002	--	$4,950