2916 E MONROE StreetPhoenix, AZ 85034
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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.
| 4 days ago | Listing updated with changes from the MLS® | |
| 4 days ago | Listing first seen on site |
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2026-03-02 11:23 PM UTC
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.