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1507 W Tonto Street, Phoenix
$530,000
5 Beds ⋅ 3 Baths ⋅ 7098734 MLS
This Central City triplex delivers IMMEDIATE INCOME with $4000+ in gross monthly rent already locked in. Three SEPARATELY METERED units--two in the front building, one standalone in back, all currently leased. This property checks all the boxes: immediate income, low management overhead, and clear upside. Central City location means solid tenant demand and easy access to downtown Phoenix. True hands-off operation with SEPARATE ENTRANCES for each unit, private outdoor space, requiring minimal active management and maintaining strong tenant satisfaction. Whether you're a first-time house hacker seeking to reduce your housing costs or an experienced investor building a multifamily portfolio, this three-unit property offers flexibility, immediate income, and growth potential in a stable rental market. Hurry! This won't last. DRIVE-BY ONLY--do not disturb tenants. Walkthroughs by accepted offer only. Buyer to verify all information.

1507 W Tonto Street, Phoenix

1515 W Tonto Street, Phoenix
$619,000
7087258 MLS
Fully renovated and fully furnished, this turnkey 3-unit short-term rental in Downtown Phoenix offers strong, documented cash flow and an impressive 4.8+ star Airbnb rating. The asset generated $119,442 in gross revenue in 2024 and $103,198 in 2025, with a two-year average revenue of approximately $111,320, producing operating income of $62,272 in 2024 and $53,719 in 2025, for a two-year average NOI of roughly $57,996--reflecting strong operating margins of about 52%. This is a stabilized, high-margin hospitality investment ideal for investors seeking immediate cash flow, experienced short-term rental operators expanding their portfolio, or buyers looking for a prime-location income property in one of Arizona's fastest-growing urban markets. The property located in a high-demand area of Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, Van Buren. The property features one 2-bed/1-bath unit, one 1-bed/1-bath unit, and a private studio--each with its own kitchen, full bath, and separate entrance - providing three independent income streams under one roof. A separate laundry room and storage shed support efficient operations for guests and cleaning staff, while the fenced common courtyard with grill, fire pit, lounge seating, and hammock enhances guest experience and occupancy appeal.

1515 W Tonto Street, Phoenix

830 S 15th Avenue, Phoenix
$710,000
5 Beds ⋅ 3 Baths ⋅ 7064669 MLS
Exceptional investment opportunity in the heart of Phoenix! This unique portfolio includes three separate single-family homes being offered together at one price: 830 S 15th Ave (2 bed/1 bath), leased through 10/31/2026 at $1,838.55 per month; 820 S 15th Ave (1 bed/1 bath), leased through 8/31/2027 at $1,553.07 per month; and 1501 W Hadley St (2 bed/1 bath), leased through 11/30/2026 at $1,636.00 per month. Generating approximately $5,027.62 in monthly gross rental income, this portfolio provides immediate cash flow, built-in stability, and long-term investment potential. Whether you're looking to expand your rental portfolio, or take advantage of a unique house-hacking opportunity - live in one home while collecting income from the other two, this property offers exceptional flexibility and a rare opportunity to own multiple income-producing homes in a rapidly growing area. All three homes have separate electric and gas meters, simplifying utility management. All major remodeling was completed in 2021, with updated finishes throughout, making this a true turnkey investment. Each home features a private fenced yard for added privacy and outdoor enjoyment and includes essential appliances such as a stove, refrigerator, and washer/dryer to support tenant satisfaction and minimize ownership expenses. Perfectly positioned for flexible ownership, multigenerational living, or long-term portfolio growth, these properties are conveniently located near Downtown Phoenix, major freeways, public transportation, employment centers, shopping, dining, and entertainment, benefiting from strong rental demand and excellent accessibility. DRIVE-BY ONLY -- please do not disturb tenants. Walkthroughs available with accepted offers only. Act quickly--opportunities like this do not come around often. Buyer to verify all facts and figures.

830 S 15th Avenue, Phoenix

1523 W Tonto Street, Phoenix
$288,850
3 Beds ⋅ 1 Baths ⋅ 6760502 MLS ⋅ 948 SqFt.
This home is a beautifully renovated three-bedroom, one bath home perfect for those seeking a blend of charm and modern comfort. Upon entering you will be greeted by an open concept and airy floorplan showcasing the recent updates. The living spaces features luxury finishes, including sleek flooring, upgraded lighting and a fresh color pallet. The kitchen is the heart of the home with modern cabinetry, countertops and stainless-steel appliances. The bedrooms offer cozy retreats with ample natural light. Outside of the property it offers a generous yard, ideal for outdoor gatherings. Located just minutes from Downtown Phoenix, this home provides easy access to major freeways, shopping, dining and entertainment, making it an excellent choice.

1523 W Tonto Street, Phoenix

1503 W Hadley Street Unit 3, Phoenix
$140,000
6733412 MLS
Discover a prime investment opportunity in Central Phoenix! This vacant lot, just under 2 miles from downtown, offers endless potential for multifamily housing development. Perfectly positioned for easy access to vibrant city amenities like The Footprint Center and CityScape, this location is ideal for both residents and investors. Sky Harbor Airport is less than 5 miles away, ensuring convenient travel, while nearby university campuses like ASU and UofA add to the appeal. Imagine creating a modern residential complex that attracts urban dwellers seeking the perfect blend of convenience and lifestyle. Don't miss your chance to build your investment portfolio and contribute to growing Phoenix with this exceptional piece of land.

1503 W Hadley Street Unit 3, Phoenix

1502 W Tonto Street, Phoenix
$304,000
4 Beds ⋅ 2 Baths ⋅ 6629015 MLS ⋅ 1,288 SqFt.
Nestled on a desirable corner lot & just 4 minutes away from downtown Phoenix! This adorable 4-bed, 2-bath home offers manicured landscaping, pavers, & a cozy covered patio where you can sit while sipping your morning coffee. Upon entering, you will be greeted by a soothing palette complemented with tile flooring throughout. The inviting living room merges seamlessly w/the dining area, making it an ideal space for both entertainment & intimate dining. Designed for gatherings, the family room showcases direct access to the carport & is conveniently adjacent to the kitchen, complete w/wood cabinets & a tile backsplash. The bedrooms are cozy havens of rest, each w/practical closets. Located near shopping, schools, & much more! This property is an opportunity not to be missed!

1502 W Tonto Street, Phoenix

1523 W Tonto Street, Phoenix
$285,000
3 Beds ⋅ 1 Baths ⋅ 6624116 MLS ⋅ 948 SqFt.
''Discover the charm of this lovely 3-bedroom, 1-bath starter home that has been meticulously remodeled to exude modern elegance. From the freshly applied stucco exterior to the upgraded electrical system and the vibrant new paint throughout, no detail has been spared in enhancing this residence. As you step inside, you'll be greeted by a stunning interior adorned with tasteful tile accents and brand-new stainless steel appliances in the kitchen, creating a space that effortlessly balances style and functionality. This enchanting abode is nestled in the heart of the Central City South community, offering the perfect blend of convenience and comfort. Located just minutes away from the state capitol and the vibrant downtown Phoenix area, you'll find yourself at the epicenter of all the action. The home's prime location provides easy access to major freeways, ensuring that you're always well-connected to the pulse of the city. But that's not all - the Central City South community boasts an array of local attractions, including an abundance of restaurants, all within a stone's throw of your new home. With this splendid residence as your base, you'll be poised to explore and savor the finest offerings that the city has to offer. Welcome to your dream starter home in an unbeatable location!"

1523 W Tonto Street, Phoenix

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