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1515 W TONTO Street

Phoenix, AZ 85007

Phoenix, AZ 85007

1515 W TONTO Street

$619,000

MLS#: 7087258

Status: Active

Listing provided by: My Home Group Real Estate

Listing agent phone: None

Last update: 3 days ago

New on site 3 days ago

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STEVE RAYBURN SUBDIVISION - Residential Income

About

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.

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1943

Sq.Footage

N/A

Features

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric, Varies by Unit, Ceiling Fan(s), Wall/Window Unit(s)

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block, Stucco

  • Parking

    Carport

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $619,000

  • Tax Amount

    $1,030.92

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Phoenix Elementary District

  • Middle School

    Paul Dunbar Lawrence School

  • High School

    Carl Hayden High School

Property Features

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Tax Lot

    7

  • Water Source

    Public

Schedule

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Location

  • County

    Maricopa

  • Elementary School

    Phoenix Elementary District

  • Middle School

    Paul Dunbar Lawrence School

  • High School

    Carl Hayden High School

Listing Courtesy of Natalia Yalin, My Home Group Real Estate

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Agent Kelly Hammer

Kelly Hammer

Associate Broker / Realtor®

Call Kelly today to schedule a private showing.

Phone (520) 227-5144

Email Kelly@MandyGoldTeam.com


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1515 W TONTO Street

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