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$1,040,000
6990042 MLS ⋅ ACTIVE Status
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.

2916 E Monroe Street, Phoenix

Listing courtesy of Matthews Real Estate Investment Services.

$484,000
6977401 MLS ⋅ ACTIVE Status
Freestanding commercial space located along Van Buren Street, offering excellent street exposure and a highly visible presence in a well-traveled area. The property features prime Van Buren frontage with strong access and signage opportunities, making it ideal for businesses seeking daily traffic and easy customer visibility. Flexible zoning allows for a variety of commercial uses, creating opportunities for both owner-users and value add investors. Positioned in an infill Phoenix location, the site benefits from close proximity to Downtown Phoenix, Sky Harbor International Airport, and major transportation routes, enhancing long-term demand and redevelopment potential. Broker to confirm all listing details.

2901 E Van Buren Street Unit 19, Phoenix

Listing courtesy of COBE Real Estate, Inc..

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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 Southern Arizona. 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 Griggs Group Powered by the Altman Brothers are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.