1514 W MONROE Street, Phoenix, AZ 85007, Phoenix, 85007 - 4 bed, 4 bath
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Phoenix, AZ 85007
This Versatile Historic Property represents a High-Potential Investment Opportunity, listed at $534,900—positioned above the $512,935 Fair Market Value. Despite the premium, the property offers significant utility through its fully renovated 725 sq ft casita, providing immediate rental income potential or multigenerational living space. With a Condition Rating of 2 and comprehensive high-end interior updates, the home requires no immediate maintenance. This unique asset is perfectly suited for Buy-and-Hold Investors seeking cash flow or Owner-Occupants looking to offset mortgage costs through rental revenue.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1514 W MONROE Street Subject | $534,900* List Price | 4 | 4 | 1,269 | $397 | - |
A 1618 W TAYLOR Street Sold | $499,900 List Price | 3 | 2 | 1,130 | 0.3 mi | |
B 1314 W Monroe Street Sold | $589,900 List Price | 3 | 2 | 1,561 | 0.1 mi | |
C 829 N 8TH Avenue Sold | $630,000 | 2 | 2 | 1,390 | $453 | 0.7 mi |
D 710 N 9TH Avenue Sold | $400,000 | 3 | 2 | 1,112 | $360 | 0.6 mi |
E 1107 W ROOSEVELT Street Sold | $470,000 | 3 | 2 | 1,217 | $386 | 0.6 mi |
F 1107 W ROOSEVELT Street Sold | $470,000 | 3 | 3 | 1,505 | $312 | 0.6 mi |
G 1107 W ROOSEVELT Street Sold | $470,000 | 3 | 3 | 1,505 | $312 | 0.6 mi |
H 138 N 11TH Avenue Active | $425,000 List Price | 3 | 2 | 1,268 | $335 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1916 build date, the property has undergone a comprehensive high-end renovation within the last 5 years. The interior features a modern kitchen with white shaker cabinets and stainless steel appliances, updated bathrooms, new LVP flooring, and recessed lighting. The exterior shows a newer roof, fresh paint, and updated landscaping/hardscaping, indicating no immediate maintenance is required.
The property includes a fully renovated 725 sq ft casita with a private entrance and two bathrooms, offering exceptional potential for rental income, a guest house, or multigenerational living.
Situated in the desirable Woodlands Historic District, the home offers a perfect blend of 1916 character and modern updates, located just minutes from downtown Phoenix and Chase Field.
The exterior features fresh landscaping, a premium paver driveway and patio, and a block and steel fence that provides both modern aesthetic appeal and added privacy.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
The main 3-bedroom residence is limited to 1,269 sq ft, which may result in smaller bedroom sizes or a more restrictive layout compared to modern residential standards.
Given the original 1916 construction date, the property may present underlying maintenance challenges or aging infrastructure typical of century-old homes that require specialized care.
Experience the charm and versatility of this unique property in Phoenix's desirable Woodlands Historic District, just minutes from downtown, Chase Field, and local dining and entertainment. The 3-bedroom, 2-bath main home offers 1,269 sq ft of comfortable living, while the fully renovated 725 square foot casita features a private entrance, 1 bedroom, 2 bathrooms, and a flexible bonus space, making it ideal for guests, multigenerational living, or rental income potential. Enjoy fresh landscaping, a paver driveway and backyard patio, plus a block and steel fence for added privacy and security. A rare opportunity to own a property that combines historic character, modern updates, and exceptional flexibility in the heart of Phoenix.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 1,269 | - |
| Lot Size | 5,946 | - |
| Price | $534.9K | $495.4K |
| Price per sq ft | $422 | $290 |
| Built year | 1916 | 0 |
| HOA | $0 | $0 |
| Days on market | 43 | 1260 |
Jun 10, 2026
$534,900
Initial Listing