2919 E Monroe Street, Phoenix, AZ 85034, Phoenix, 85034 - 5 bed, 4 bath
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Phoenix, AZ 85034
Analysis of 2919 E Monroe Street, Phoenix, AZ 85034 is currently available with a list price of $650,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Built in 2016 with a 2019 casita, this property is approximately 10 years old and remains in mint, turnkey condition. The kitchen features modern white shaker cabinetry and stainless steel appliances, while the bathrooms are highly upgraded with contemporary floor-to-ceiling tile, glass shower enclosures, and dual vanities. Systems (HVAC/Electric) are relatively new, and the interior finishes show no signs of deferred maintenance.
This turnkey two-unit property offers immediate cash flow with a high-performing short-term rental casita boasting over 800 five-star reviews and a main house leased by-the-room.
Built in 2016 and 2019, the property features modern building standards and separately metered electric for the casita, all while avoiding the added cost of HOA fees.
The property is ideally situated minutes from Sky Harbor Airport, Downtown Phoenix, and major transit corridors like Loop 202, ensuring consistently high rental demand.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7841, other record lot size in square feet = 6358. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2000, other record living area = 1829.
The combination of short-term rental operations and by-the-room leasing requires more active management and administrative oversight than a traditional single-family rental.
With five bedrooms and four bathrooms utilized for high-turnover or multi-tenant housing, the property may experience accelerated wear and tear compared to standard residential use.
Turnkey two-unit income property on one parcel, built 2016 with detached 2019 casita. 2025. Front 4BR leased by-the-room on signed leases; detached 1BR casita operates as a short-term rental with 800+ 5-star reviews, booked ~317 nights in 2025. Cleaning and messaging team available to continue; all casita furnishings convey with purchase. Owner-occupy one unit and let the other cover the note, or run both as long-term leases for hands-off income. Casita electric separately metered. Four off-street parking spaces. Full leases and statements available to verify. Adjacent duplex also available. No HOA; minutes to downtown Phoenix, Sky Harbor, and Loop 202.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,000 | - |
| Lot Size | 7,841 | - |
| Price | $650.0K | $495.4K |
| Price per sq ft | $325 | $290 |
| Built year | 2016 | 0 |
| HOA | $0 | $0 |
| Days on market | 47 | 1260 |
Jun 5, 2026
$650,000
Initial Listing