1515 W TONTO Street, Phoenix, AZ 85007
1515 W TONTO Street, Phoenix, AZ 85007
1515 W TONTO Street, Phoenix, AZ 85007
1515 W TONTO Street, Phoenix, AZ 85007
1515 W TONTO Street, Phoenix, AZ 85007
1515 W TONTO Street, Phoenix, AZ 85007
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Traci Morgan

Traci Morgan

+1(602) 877-5039
$ 619,900
Est. payment | /mo

6,426 Sqft Lot

Save
$ 619,900
Est. payment | /mo
Save

6,426 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Steve Rayburn Subdivision

MLS Listing ID 6987208

Lot Size 6,426 Sqft

Acres 0.15

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

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.

Location

State AZ

County Maricopa

Community Steve Rayburn Subdivision

Area Maricopa

Direction North on 15th Ave from Buckeye Rd, West on Tonto to home on the south.

Interior

Heating Window/Wall Unit(s), Electric

Cooling Window/Wall Unit, Electric

Flooring Flooring

Exterior

Parking Features Private

Private Pool No

Building

Sewer Public Sewer

Water Master Meter, City Franchise

New Construction No

Others

Senior Community No

Tax ID 112-14-112

Acceptable Financing No Carry, Conventional

Disclosures Seller Prop Disc Stm

Listing Terms No Carry, Conventional

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by My Home Group Real Estate • Natalia Yalin

Nearby Locations

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+1(602) 877-5039

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1515 W TONTO Street