$5,225 Closing Credit¹
#6806859, Whitney D Brashear, Listing Office: Real Broker
#6777514·
Listing Office: Realty ONE Group Mountain Desert·
Listing Agent: Preston Dean Richardson·
Listing Office Phone: 928-862-4035
$5,225
closing credit¹
1506 E Monroe St Phoenix, AZ 85034
$440,000 List price
$5,225
Closing credit¹
3 beds
2 baths
1,221 sqft
0.2 acres
$360 / sqft
House
Property details
About 1506 E Monroe St
Nestled in the heart of downtown Phoenix, this updated 3-bedroom, 2-bathroom home offers a blend of charm and opportunity. With sought-after R-5 zoning, the property is primed for multi-family development, making it an ideal investment or house hacking opportunityâ€''live in one part while renting out the rest to offset your mortgage. Recent updates include wide plank flooring, kitchen and bathroom remodels, and a roof refresh in 2020 and 2024. Large windows fill the home with natural light. The spacious backyard features a 10x10 concrete pad and endless possibilities for your vision. Close to top dining spots and entertainment venues, this home is move-in ready or ready for your next development project. Don't miss out on this fantastic opportunity in a rapidly growing area!
Highlights
Home typeSingle Family Residence
HeatingNatural Gas
StatusActive
Size1,221 sqft
Lot size0.16 Acres
Year built1941
MLS #6777514
Summary
- MLS Number: 6777514
- MLS Name: Arizona Regional Multiple Listing Service 2
- Office Name: Realty ONE Group Mountain Desert
- Office Phone: (928) 862-4035
- Listing Agent: Preston Dean Richardson
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 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. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$440,000
1506 E Monroe St
$5,225
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 21, 2020 | Home Sold | $205,000 |
| Sep 17, 2020 | Home Sold | $182,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $29,620 | $2,061 |
| 2023 | $24,770 | $461 |
| 2022 | $16,330 | $458 |
| 2020 | $12,570 | $463 |
| 2019 | $9,370 | $454 |
| 2017 | $6,380 | $444 |
History based on county public records data.
Nearby schools
4
Asu Preparatory Academy- Phoenix Elementary School
Public Charter KG-4
0.9 mi
•735 E Fillmore St
2
Wilson Primary School
Public District PK-3
1.9 mi
•415 N 30th St
8
Vista College Preparatory
Public Charter KG-5
2.0 mi
•812 S 6th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $22,955. Residents of Phoenix, AZ typically earn less than $<35k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
63%
<35k
31%
35k-100k
5%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
69%
Single, No Kids
11%
Single, with Kids
14%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
4%
12-17 yrs old
31%
18-34 yrs old
46%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1506 E Monroe St
This home is located at 1506 E Monroe St in Phoenix, AZ and zip code 85034 in the Central City neighborhood. This 1,221 square foot home, which was built in 1941, sits on a 0.16 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $440,000.
Phoenix, AZ housing market in January 2025 saw over 128 listings sold above listed price, more than 242 sold at listed price and over 583 sold below. The number of listings in Phoenix, AZ increased by 12.9% between December and January 2025. The median list price of listings available in January 2025 was $455,485, while the average time on the real estate market was 74 days.
From Rocket Homes Real Estate and based on county public records data.