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 unit mix: three studios, three one-bedrooms, two two-bedrooms, and one large three-bedroom unit over 1,000 SF. The asset offers stable current cash flow with upside potential through interior and exterior renovations. 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.
For sale
$995,000
2916 E MONROE Street, Phoenix, AZ 85034
10beds
10baths
4,309sqft
Multi Family
Built in 1944
-- sqft lot
$-- Zestimate®
$231/sqft
$-- HOA
What's special
Diverse unit mix
- 2 days
- 56
- 2
Zillow last checked:
Listing updated:
Listed by:
Bradley Skenderian 949-533-5594,
Matthews of Arizona,
Kyle Inman 480-703-8955,
Matthews of Arizona
Source: ARMLS,MLS#: 7103349
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 10
Heating
- See Remarks, Heat Pump, Electric
Cooling
- Central Air, See Remarks
Appliances
- Included: Built-In Range, Free-Standing Range, Other, Refrigerator, Microwave
Features
- Flooring: Other, Ceramic Tile
Interior area
- Total structure area: 4,309
- Total interior livable area: 4,309 sqft
Property
Parking
- Total spaces: 15
- Parking features: Other, >1 Space Per Unit, On Street
- Uncovered spaces: 15
Lot
- Size: 0.34 Acres
- Dimensions: 100 ft x 150 ft
Details
- Parcel number: 12165018
- Zoning: R-5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other, Wood Frame, Painted, Stucco
- Roof: Other,Composition
Condition
- Year built: 1944
Utilities & green energy
- Electric: APS, Individual Meter
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: No Pool
- Subdivision: EL MOLINO PLACE
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $231/sqft
- Tax assessed value: $565,800
- Annual tax amount: $1,557
- Date on market: 11/6/2026
- Listing terms: Cash to Loan,Cash,Conventional
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Concrete, Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/6/2026 | Listed for sale | $995,000-4.3%$231/sqft |
Source:  ARMLS #7103349 Report a problem | ||
| 8/27/2026 | Listing removed | $1,040,000$241/sqft |
Source: ARMLS #6990042 Report a problem | ||
| 2/26/2026 | Listed for sale | $1,040,000+4%$241/sqft |
Source: ARMLS #6990042 Report a problem | ||
| 10/29/2025 | Listing removed | $999,999$232/sqft |
Source: ARMLS #6744412 Report a problem | ||
| 7/8/2025 | Price change | $999,999-9.1%$232/sqft |
Source: ARMLS #6744412 Report a problem | ||
| 3/31/2025 | Price change | $1,100,000-4.3%$255/sqft |
Source: ARMLS #6744412 Report a problem | ||
| 1/13/2025 | Price change | $1,150,000-8%$267/sqft |
Source: ARMLS #6744412 Report a problem | ||
| 9/24/2024 | Price change | $1,250,000-3.8%$290/sqft |
Source: ARMLS #6744412 Report a problem | ||
| 8/15/2024 | Listed for sale | $1,300,000+4%$302/sqft |
Source: ARMLS #6744412 Report a problem | ||
| 12/13/2023 | Listing removed | -- |
Source: ARMLS #6401123 Report a problem | ||
| 6/28/2022 | Listing removed | $1,250,000$290/sqft |
Source: ARMLS #6401123 Report a problem | ||
| 5/17/2022 | Listed for sale | $1,250,000+1386.5%$290/sqft |
Source: ARMLS #6401123 Report a problem | ||
| 7/23/2015 | Sold | $84,091-65%$20/sqft |
Source: Public Record Report a problem | ||
| 6/21/2013 | Sold | $240,000+142.4%$56/sqft |
Source: Public Record Report a problem | ||
| 7/29/2011 | Sold | $99,000-1%$23/sqft |
Source: ARMLS #4592922 Report a problem | ||
| 4/10/2011 | Sold | $100,000$23/sqft |
Source: ARMLS #4552112 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,557 +6.9% | $84,870 +0.9% |
| 2024 | $1,456 -0.5% | $84,105 +730.8% |
| 2023 | $1,462 +6.1% | $10,123 -76.5% |
| 2022 | $1,378 -1% | $43,155 +28% |
| 2021 | $1,392 +0.4% | $33,720 +19.5% |
| 2020 | $1,386 +1.2% | $28,215 +19% |
| 2019 | $1,369 | $23,715 +23.7% |
| 2018 | $1,369 +7.6% | $19,170 +2.8% |
| 2017 | $1,273 -1.4% | $18,645 +34.2% |
| 2016 | $1,291 -3.3% | $13,890 +13.2% |
| 2015 | $1,335 | $12,272 +107.3% |
| 2013 | -- | $5,920 -15.3% |
| 2012 | -- | $6,992 -70.4% |
| 2009 | -- | $23,636 +25.2% |
| 2007 | -- | $18,880 +57.7% |
| 2004 | -- | $11,972 +2.7% |
| 2003 | -- | $11,655 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Central City
Nearby schools
Schools provided by the listing agent
- Middle: Wilson Elementary School
- District: Wilson Elementary District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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