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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.

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

$219,000

Prime Development Opportunity in Central Phoenix Lot currently zoned C-3, offering multiple development possibilities. Seller has inquired with the City and confirmed that rezoning to R-3 is possible (subject to City approval), which would allow for expanded opportunities, including the potential to develop approximately 2-5 residential units based on final site plan and approvals. Seller finance available. Utilities are within the area. Ideal for investors or builders seeking a value-add opportunity in a growing Phoenix location near major roads, shopping, and employment centers. Buyer to verify zoning, density, utilities, and all development approvals.

6981629 MLS

Prime Development Opportunity in Central Phoenix Lot currently zoned C-3, offering multiple development possibilities. Seller has inquired with the City and confirmed that rezoning to R-3 is possible (subject to City approval), which would allow for expanded opportunities, including the potential to develop approximately 2-5 residential units based on final site plan and approvals. Seller finance available. Utilities are within the area. Ideal for investors or builders seeking a value-add opportunity in a growing Phoenix location near major roads, shopping, and employment centers. Buyer to verify zoning, density, utilities, and all development approvals.

1121 W Grant Street Unit 11, Phoenix

$370,000

Beautifully upgraded home fully renovated in the heart of the city. Rare 4 bedroom 3 bathroom home w/ guest suite in the back with separate entrance. Gorgeous kitchen feature white shaker cabinets, modern quartz counter and newly stainless appliances. All newer wood plank tile flooring and upgraded baseboards throughout. Bathrooms has been upgraded with all new shower trims, vanity, and tile shower wall. Owner suite includes a den. Additional features include black finish hardware, ceiling fans, and light fixtures throughout. RV access to huge backyard w/ a large storage shed and plenty of space. Minutes away from shopping spots, schools, hospitals, and convenient access to nearby freeways. Move-in ready!

4 Beds ⋅ 3 Baths ⋅ 6932266 MLS ⋅ 1,236 SqFt.

Beautifully upgraded home fully renovated in the heart of the city. Rare 4 bedroom 3 bathroom home w/ guest suite in the back with separate entrance. Gorgeous kitchen feature white shaker cabinets, modern quartz counter and newly stainless appliances. All newer wood plank tile flooring and upgraded baseboards throughout. Bathrooms has been upgraded with all new shower trims, vanity, and tile shower wall. Owner suite includes a den. Additional features include black finish hardware, ceiling fans, and light fixtures throughout. RV access to huge backyard w/ a large storage shed and plenty of space. Minutes away from shopping spots, schools, hospitals, and convenient access to nearby freeways. Move-in ready!

1318 W Sherman Street, Phoenix

$285,000

Great investment opportunity for spacious home in historic downtown neighborhood. Home has potential for 2 separate living areas. This home is a fantastic remodeling opportunity. It DOES NOT have an HVAC system and no heating system. Evaporative cooling only. Home has fixtures for three baths and space for 5 bedrooms.

4 Beds ⋅ 2 Baths ⋅ 6902497 MLS ⋅ 1,637 SqFt.

Great investment opportunity for spacious home in historic downtown neighborhood. Home has potential for 2 separate living areas. This home is a fantastic remodeling opportunity. It DOES NOT have an HVAC system and no heating system. Evaporative cooling only. Home has fixtures for three baths and space for 5 bedrooms.

1538 W Monroe Street, Phoenix

$445,000

Charming Historic Sears Craftsman Duplex in Woodland Historic District! Located in the heart of Downtown Phoenix, this timeless duplex offers two nearly identical 2 bed/1 bath units. One features soaring 10'+ ceilings, original wood floors, and old-world windows that showcase its historic charm. Enjoy a private, custom horseshoe driveway with EV charging, gated fencing, and alley access with a 15-ft RV gate. The backyard includes laundry, sheds, and additional storage. Perfect as an investment or live in one unit and rent the other. Don't miss this rare opportunity to own a piece of Phoenix history!

4 Beds ⋅ 2 Baths ⋅ 6890609 MLS ⋅ 2,118 SqFt.

Charming Historic Sears Craftsman Duplex in Woodland Historic District! Located in the heart of Downtown Phoenix, this timeless duplex offers two nearly identical 2 bed/1 bath units. One features soaring 10'+ ceilings, original wood floors, and old-world windows that showcase its historic charm. Enjoy a private, custom horseshoe driveway with EV charging, gated fencing, and alley access with a 15-ft RV gate. The backyard includes laundry, sheds, and additional storage. Perfect as an investment or live in one unit and rent the other. Don't miss this rare opportunity to own a piece of Phoenix history!

1326 W Monroe Street, Phoenix

$440,000

Charming Historic Sears Craftsman Duplex in Woodland Historic District! Located in the heart of Downtown Phoenix, this timeless duplex offers two nearly identical 2 bed/1 bath units. One features soaring 10'+ ceilings, original wood floors, and old-world windows that showcase its historic charm. Enjoy a private, custom horseshoe driveway with EV charging, gated fencing, and alley access with a 15-ft RV gate. The backyard includes laundry, sheds, and additional storage. Perfect as an investment or live in one unit and rent the other. Don't miss this rare opportunity to own a piece of Phoenix history!

4 Beds ⋅ 4 Baths ⋅ 6890583 MLS

Charming Historic Sears Craftsman Duplex in Woodland Historic District! Located in the heart of Downtown Phoenix, this timeless duplex offers two nearly identical 2 bed/1 bath units. One features soaring 10'+ ceilings, original wood floors, and old-world windows that showcase its historic charm. Enjoy a private, custom horseshoe driveway with EV charging, gated fencing, and alley access with a 15-ft RV gate. The backyard includes laundry, sheds, and additional storage. Perfect as an investment or live in one unit and rent the other. Don't miss this rare opportunity to own a piece of Phoenix history!

1326 W Monroe Street, Phoenix

$410,000

This beautifully restored 1913 Craftsman home blends timeless charm with modern upgrades. Original details include built-in bookshelves and china cabinet, elegant trim, plate rails, and stunning maple floors. The gourmet kitchen features granite counters, a Bosch dishwasher, stainless steel appliances, a black/stainless electric oven, and built-in pantry shelves. Fully reinsulated for comfort, the home offers a private cedar-fenced yard and secure shaded carport. Nestled in a prime location near downtown arts & cultural sites, this home is a rare find!

3 Beds ⋅ 2 Baths ⋅ 6832791 MLS ⋅ 1,280 SqFt.

This beautifully restored 1913 Craftsman home blends timeless charm with modern upgrades. Original details include built-in bookshelves and china cabinet, elegant trim, plate rails, and stunning maple floors. The gourmet kitchen features granite counters, a Bosch dishwasher, stainless steel appliances, a black/stainless electric oven, and built-in pantry shelves. Fully reinsulated for comfort, the home offers a private cedar-fenced yard and secure shaded carport. Nestled in a prime location near downtown arts & cultural sites, this home is a rare find!

1309 W Woodland Avenue, Phoenix

$330,000

Welcome to the Woodland Historic District! A timeless gem in the heart of Phoenix! Nestled in the heart of Downtown Phoenix, the Woodland Historic District offers a rare blend of historic charm and urban convenience. Known for its early 20th-century architecture. This enchanting neighborhood showcases homes with unique character, including charming bungalows, Spanish Revival, and early ranch-style designs. This home features recent upgrades such as a roof, mini splits, fresh interior & exterior paint, and water heater. Home needs some updating from the inside, to maximize its potential. This property also boasts great investment potential, making it an ideal option for an Airbnb or short-term rental. With its prime location and proximity to Downtown Phoenix, Roosevelt Row, fine dinning, entertainment, night life, Arizona State Capitol, etc..... it's perfectly positioned to attract visitors from around the U.S. coming to Arizona to enjoy the beautiful weather, outdoor recreation, and year-round events. The Woodland Historic District's unique charm adds to its appeal as a memorable stay for travelers. Living in the Woodland Historic District means immersing yourself in Phoenix's rich history while enjoying modern amenities. This neighborhood is perfect for those who appreciate a close-knit community, timeless architecture, and proximity to everything Downtown Phoenix has to offer. Whether you're a history buff, an art enthusiast, or simply seeking a home that tells a story, the Woodland Historic District is the perfect place to make your own piece of history. Don't miss the chance to own this home in one of Phoenix's most sought-after historic neighborhoods!

3 Beds ⋅ 1 Baths ⋅ 6792730 MLS ⋅ 1,080 SqFt.

Welcome to the Woodland Historic District! A timeless gem in the heart of Phoenix! Nestled in the heart of Downtown Phoenix, the Woodland Historic District offers a rare blend of historic charm and urban convenience. Known for its early 20th-century architecture. This enchanting neighborhood showcases homes with unique character, including charming bungalows, Spanish Revival, and early ranch-style designs. This home features recent upgrades such as a roof, mini splits, fresh interior & exterior paint, and water heater. Home needs some updating from the inside, to maximize its potential. This property also boasts great investment potential, making it an ideal option for an Airbnb or short-term rental. With its prime location and proximity to Downtown Phoenix, Roosevelt Row, fine dinning, entertainment, night life, Arizona State Capitol, etc..... it's perfectly positioned to attract visitors from around the U.S. coming to Arizona to enjoy the beautiful weather, outdoor recreation, and year-round events. The Woodland Historic District's unique charm adds to its appeal as a memorable stay for travelers. Living in the Woodland Historic District means immersing yourself in Phoenix's rich history while enjoying modern amenities. This neighborhood is perfect for those who appreciate a close-knit community, timeless architecture, and proximity to everything Downtown Phoenix has to offer. Whether you're a history buff, an art enthusiast, or simply seeking a home that tells a story, the Woodland Historic District is the perfect place to make your own piece of history. Don't miss the chance to own this home in one of Phoenix's most sought-after historic neighborhoods!

1206 W Monroe Street, Phoenix

$400,000

Urban Elegance in the Heart of Phoenix: Discover the epitome of urban downtown living in this prestigious MOVE-IN-READY 2-Bedroom, 1-Bath loft, within the historic Orpheum Lofts Art Deco building that seamlessly combines timeless elegance with modern amenities. This unit offers an exquisite blend of classic charm and contemporary comfort. The open-concept design showcases red-brick walls and exposed ductwork, and a stunning wall of windows overlooking the courtyard, providing a stylish industrial edge that's as unique as it is inviting. A full kitchen with a complete appliance package and the convenience of a washer and dryer in-unit ensures that your daily life flows with ease. Built in 1931 as office space and completely renovated in 2005 into this fabulous residential community, this historic building stands as a testament to Phoenix's rich heritage, offering a timeless atmosphere that is truly one-of-a-kind. This unit provides an elegant interior and is privy to a suite of top-tier amenities. Enjoy the luxury of a heated pool and spa, a sauna and steam room, additional storage, and a well-equipped fitness center. The spacious clubroom and office center make remote work and meetings a breeze, and a 24-hour doorman adds an extra layer of security and convenience. Location is everything, and this loft's prime spot puts you within walking distance of some of Phoenix's most beloved attractions. The Orpheum Lofts is just steps away from exquisite entertainment, culinary delights, sporting venues, grand theaters, and the ever popular Roosevelt Row making it easy to enjoy the vibrant cultural and sporting scene that the city offers. If you're seeking a residence that blends historic charm, contemporary comfort, and unbeatable location, this Orpheum Lofts 2-bedroom loft is the perfect choice. Don't miss the chance to call this unique and inviting space your home. Make an offer today!

2 Beds ⋅ 1 Baths ⋅ 6787223 MLS ⋅ 1,200 SqFt.

Urban Elegance in the Heart of Phoenix: Discover the epitome of urban downtown living in this prestigious MOVE-IN-READY 2-Bedroom, 1-Bath loft, within the historic Orpheum Lofts Art Deco building that seamlessly combines timeless elegance with modern amenities. This unit offers an exquisite blend of classic charm and contemporary comfort. The open-concept design showcases red-brick walls and exposed ductwork, and a stunning wall of windows overlooking the courtyard, providing a stylish industrial edge that's as unique as it is inviting. A full kitchen with a complete appliance package and the convenience of a washer and dryer in-unit ensures that your daily life flows with ease. Built in 1931 as office space and completely renovated in 2005 into this fabulous residential community, this historic building stands as a testament to Phoenix's rich heritage, offering a timeless atmosphere that is truly one-of-a-kind. This unit provides an elegant interior and is privy to a suite of top-tier amenities. Enjoy the luxury of a heated pool and spa, a sauna and steam room, additional storage, and a well-equipped fitness center. The spacious clubroom and office center make remote work and meetings a breeze, and a 24-hour doorman adds an extra layer of security and convenience. Location is everything, and this loft's prime spot puts you within walking distance of some of Phoenix's most beloved attractions. The Orpheum Lofts is just steps away from exquisite entertainment, culinary delights, sporting venues, grand theaters, and the ever popular Roosevelt Row making it easy to enjoy the vibrant cultural and sporting scene that the city offers. If you're seeking a residence that blends historic charm, contemporary comfort, and unbeatable location, this Orpheum Lofts 2-bedroom loft is the perfect choice. Don't miss the chance to call this unique and inviting space your home. Make an offer today!

114 W Adams Street Unit 506, Phoenix

$390,000

Duplex each unit has 2 bedrooms, 1 bath & 1 carport All tile flooring. Each unit has fended backyard. One unit has washer and dryer. NO HOA. Property is zoned R-3 and per city of Phoenix 2 more units can be built for added income. Newer build for the area and both AC units are two years old. Roof was replaced last year. Buyer has an Potential to significantly increase rents with section 8 tenants. Both units currently rented. Close to downtown, Capitol complex freeways.

4 Beds ⋅ 2 Baths ⋅ 6743518 MLS

Duplex each unit has 2 bedrooms, 1 bath & 1 carport All tile flooring. Each unit has fended backyard. One unit has washer and dryer. NO HOA. Property is zoned R-3 and per city of Phoenix 2 more units can be built for added income. Newer build for the area and both AC units are two years old. Roof was replaced last year. Buyer has an Potential to significantly increase rents with section 8 tenants. Both units currently rented. Close to downtown, Capitol complex freeways.

1145 W Sherman Street, Phoenix

$129,900

Outstanding opportunity to build what you want on this property! There was a structure here before so connection fees should be paid for and at the lot for easy hookup! Close to downtown with lots of entertainment, shopping and dining options! Easy commute to just about anywhere!

6729123 MLS

Outstanding opportunity to build what you want on this property! There was a structure here before so connection fees should be paid for and at the lot for easy hookup! Close to downtown with lots of entertainment, shopping and dining options! Easy commute to just about anywhere!

1222 S 8th Avenue Unit 12, Phoenix

$340,000

!!BEAUTIFUL HOME IN THE HEART OF THE CITY FOR SALE!!! LOTS OF RENOVATIONS LIKE NEW FLOORING, BOTH BATHROOMS BEEN RENOVATED,NEW APPLIANCES AND NEW KITCHEN CABINETS AND A ISLAND, STUCCO & PAINT INSDE AND OUT, BEDROOMS CLOSETS BEEN UPDATED,ADDING POP-OUTS, GATE DOOR FRONT AND BACK OF THE HOUSE AND BLOCK FENCE ADD IT, GRAVEL WAS ADDED, NEW AC UNIT ADDED, NEW WINDOW BLINDS, NEW FANS, DOORS FRAMES.

3 Beds ⋅ 2 Baths ⋅ 6714743 MLS ⋅ 1,144 SqFt.

!!BEAUTIFUL HOME IN THE HEART OF THE CITY FOR SALE!!! LOTS OF RENOVATIONS LIKE NEW FLOORING, BOTH BATHROOMS BEEN RENOVATED,NEW APPLIANCES AND NEW KITCHEN CABINETS AND A ISLAND, STUCCO & PAINT INSDE AND OUT, BEDROOMS CLOSETS BEEN UPDATED,ADDING POP-OUTS, GATE DOOR FRONT AND BACK OF THE HOUSE AND BLOCK FENCE ADD IT, GRAVEL WAS ADDED, NEW AC UNIT ADDED, NEW WINDOW BLINDS, NEW FANS, DOORS FRAMES.

902 S 15th Avenue, Phoenix

$328,500

Orpheum loft, 7th Floor Unit! True 1 bed 1 bath Loft style condo w/ Spectacular Views of down town Phoenix! Beautiful wood flooring & brick walls throughout. The kitchen is open to the family room & includes granite counters, matching appliances. Full size front loading Washer/Dryer included! Newly renovated Gym with full size heated pool, sauna, steam room. Boardroom available by appt. Full security & maintenance on site. Internet included in monthly HOA. Option for secured parking. Shops, restaurants & Light rail are within walking distance.

1 Beds ⋅ 1 Baths ⋅ 6668973 MLS ⋅ 751 SqFt.

Orpheum loft, 7th Floor Unit! True 1 bed 1 bath Loft style condo w/ Spectacular Views of down town Phoenix! Beautiful wood flooring & brick walls throughout. The kitchen is open to the family room & includes granite counters, matching appliances. Full size front loading Washer/Dryer included! Newly renovated Gym with full size heated pool, sauna, steam room. Boardroom available by appt. Full security & maintenance on site. Internet included in monthly HOA. Option for secured parking. Shops, restaurants & Light rail are within walking distance.

114 W Adams Street Unit 704, Phoenix

$345,000

Experience urban living at its finest in Downtown Phoenix's historic Orpheum Lofts. This loft is thoughtfully designed, featuring a spacious bedroom with a large walk-in closet that provides ample storage space. A generous pantry is perfect for the culinary enthusiast, while the recently upgraded kitchen showcases updated cabinets and modern appliances, including a brand new dishwasher and oven. Recent updates extend throughout the home, with fresh interior paint and brand new washer and dryer & hot water heater to ensure comfort and convenience. Bask in city views through large windows or admire the mural on the neighboring building. The building offers security, a courtyard, bonus room, gym, pool w/adjacent saunas, & business center as well as a locker in the basement for extra storage. A prime location with unparalleled walkability to CityScape, sports venues, shows, & dining. Enjoy easy access to educational institutions like ASU, UofA, NAU, and the Thunderbird School of Management. This loft is the epitome of downtown convenience and style. Don't miss out on this unique opportunity to own a piece of history while enjoying the comforts of contemporary urban living. Embrace the fusion of style, convenience, and culture that the art deco Orpheum Lofts condo has to offer.

1 Beds ⋅ 1 Baths ⋅ 6596080 MLS ⋅ 837 SqFt.

Experience urban living at its finest in Downtown Phoenix's historic Orpheum Lofts. This loft is thoughtfully designed, featuring a spacious bedroom with a large walk-in closet that provides ample storage space. A generous pantry is perfect for the culinary enthusiast, while the recently upgraded kitchen showcases updated cabinets and modern appliances, including a brand new dishwasher and oven. Recent updates extend throughout the home, with fresh interior paint and brand new washer and dryer & hot water heater to ensure comfort and convenience. Bask in city views through large windows or admire the mural on the neighboring building. The building offers security, a courtyard, bonus room, gym, pool w/adjacent saunas, & business center as well as a locker in the basement for extra storage. A prime location with unparalleled walkability to CityScape, sports venues, shows, & dining. Enjoy easy access to educational institutions like ASU, UofA, NAU, and the Thunderbird School of Management. This loft is the epitome of downtown convenience and style. Don't miss out on this unique opportunity to own a piece of history while enjoying the comforts of contemporary urban living. Embrace the fusion of style, convenience, and culture that the art deco Orpheum Lofts condo has to offer.

114 W Adams Street Unit 402, Phoenix

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