1529 E Monroe Street, Phoenix, AZ 85034, Phoenix, 85034 - 3 bed, 2 bath
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Phoenix, AZ 85034
This Renovated Downtown Residence is a versatile asset listed at $374,900, reflecting a stable valuation relative to its $358,352 Fair Market Value. Boasting an Excellent Condition Rating, the home features a new roof, remodeled kitchen with quartz countertops, and luxury vinyl flooring. While local schools like Garfield School show lower ratings, the property’s rare R-5 Zoning offers significant long-term appreciation through multi-family development. This move-in-ready home is a strategic acquisition for Owner-Occupants seeking an urban lifestyle or Buy-and-Hold Investors targeting high-density potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1529 E Monroe Street Subject | $374,900* List Price | 3 | 2 | 1,232 | $291 | - |
A 1926 E ADAMS Street Sold | $289,000 | 3 | 2 | 986 | $293 | 0.5 mi |
B 1926 E ADAMS Street Sold | $289,000 | 3 | 2 | 986 | $293 | 0.5 mi |
C 1829 E ADAMS Street Active | $380,000 List Price | 3 | 2 | 1,459 | $260 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1950, the property has undergone an extensive recent renovation within the last 5 years. Updates include a new roof, new windows, fresh interior and exterior paint, and modern luxury vinyl plank flooring. The kitchen and bathrooms are fully remodeled with contemporary shaker cabinets, quartz countertops, stainless steel appliances, and high-end tile work and fixtures.
The R-5 zoning provides exceptional value for investors or developers, offering the rare opportunity for multi-family conversion or high-density residential projects in a growing area.
The home features significant capital improvements including a new roof, updated windows, and fully remodeled kitchen and bathrooms, ensuring a move-in-ready experience with reduced immediate maintenance costs.
Located in the heart of downtown Phoenix, the property offers superior accessibility to major employment hubs, dining, and entertainment, making it highly attractive for both owner-occupants and renters.
The local schools carry lower performance ratings (3/10 and 4/10), which may limit the property's appeal to families prioritizing high-ranking educational environments.
Despite modern cosmetic updates, the 1950s original construction may present long-term maintenance challenges associated with aging plumbing or electrical systems common in mid-century homes.
Beautifully updated 3BD/2BA home in the heart of downtown Phoenix with R-5 zoning. Well suited for owner-occupants or investors seeking multi-family potential or rental income opportunities. Recent updates include new flooring, remodeled kitchen and bathrooms, updated windows, fresh interior paint, and a new roof. Washer and dryer included. Conveniently located near dining, entertainment, and major corridors. Move-in ready with flexibility for future development. Don't miss this opportunity!
No exterior & parking available.
Grades PK-8 • 0.6 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,232 | 953.5 | 83% |
| Lot Size | 7,000 | 7,000 | 50% |
| Price | $374.9K | $284.5K | 83% |
| Price per sq ft | $304 | $293 | 67% |
| Built year | 1950 | 1944 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 110 | 1278 | 17% |
Jan 5, 2026
$374,900
Initial Listing