About This Home

This 5-bedroom, 3-bathroom residential multi family at 1507 W TONTO Street in Phoenix, AZ is listed for $530,000. Built in 1960, on a N/A lot.

Key Features

  • Built in 1960

Property Details

3 full
1960

Amenities

A/C
Listing Description

This Central City triplex delivers IMMEDIATE INCOME with $4000+ in gross monthly rent already locked in. Three SEPARATELY METERED units--two in the front building, one standalone in back, all currently leased. This property checks all the boxes: immediate income, low management overhead, and clear upside.

Central City location means solid tenant demand and easy access to downtown Phoenix. True hands-off operation with SEPARATE ENTRANCES for each unit, private outdoor space, requiring minimal active management and maintaining strong tenant satisfaction.

Whether you're a first-time house hacker seeking to reduce your housing costs or an experienced investor building a multifamily portfolio, this three-unit property offers flexibility, immediate income, and growth potential in a stable rental market. Hurry! This won't last. DRIVE-BY ONLY--do not disturb tenants. Walkthroughs by accepted offer only. Buyer to verify all information.

Monthly Cost Estimate

$2,835/mo

20% down · 6.5% · 30 years

Principal$383
Interest$2,297
Insurance$155

Estimates only. Actual payments may vary.

Location

1507 W TONTO Street

Phoenix, AZ 85007

STEVE RAYBURN SUBDIVISION

Property Details

Flooring

Tile

Construction

Painted Brick

Parking

Off StreetAssigned

Heating

Heat Pump (Heating)Forced Air

Cooling

Central AirHeat PumpCeiling Fan(s)

Appliances

Free-Standing RangeRefrigeratorWasher/Dryer

Questions & Answers

This 5-bedroom, 3-bathroom residential multi family at 1507 W TONTO Street is listed at $530,000. The estimated monthly payment is $2,835 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1960.

This property is listed by Ari Verma.

AV

Ari Verma

Agent at Fathom Realty

Listed by Fathom Realty · Broker phone: (480) 443-4300 · View on Broker Site · Broker website

MLS# 7098734· Source: Arizona Regional Multiple Listing Service, Inc.· 5 days on PropertySimple

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1507 W TONTO Street, Phoenix, AZ 85007

Open this listing in: