My Home Group Real Estate Logo
Description Open House Details Location Market Trends Schools Recent Sales
$675,000 Est. $2,486 / mo.*

1515 W Tonto Street Phoenix , AZ 85007

Courtesy of eXp Realty

Description

4 Beds
3 Baths
1,485 Sqft
6,426 Sqft lot
0.15 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1943
Neighborhood: Steve Rayburn Subdivision
Days on Website: 13
Fully RENOVATED 3-UNIT Turnkey Short-Term Rental in Central Phoenix! Cap rate 10%+, average occupancy 75%, and strong Airbnb rating of 4.8+ stars! Comes with confirmed future bookings totaling over $5,500 through Jan 1, 2026. Property consists of one 2-bed/1-bath unit, one 1 bed/1 bath unit and private studio — each with its own kitchen, full bath, and separate entrance. The separate laundry room & shed serves gusts and maids. A fenced common courtyard offers a grill, fire pit, and lounge area with hammock — perfect for guest enjoyment. Separate maintenance/storage shed for cleaning crew and supplies. Every unit comes with furniture and decor. The property located in a high-demand area near Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, and the airport. R-3 Multifamily Zoning allows flexibility for future expansion or redevelopment. Expect immediate income with no additional work required!

Open House

Property Details and Features

Appliances & Equipment
"Built-In Gas Oven"
Bathrooms
3 total decimal bathrooms
3 total bathrooms
Bedrooms
4 total bedrooms
[+] Read More

Contact an Agent

Brian Keller

480-299-7364

Location

$675,000 -
1515 W Tonto Street Phoenix , AZ 85007
Subdivision name: STEVE RAYBURN SUBDIVISION

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 21, 2025 11:11AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Similar Properties Nearby