1515 W TONTO Street, Phoenix, AZ 85007, Phoenix AZ 85007
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-ter
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is grouped with the current listings without a reported bedroom count in Phoenix. Its asking price falls near the 67th percentile of that active group. The comparison uses 566 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $344,000, and the median is $165 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 1523 W HADLEY Street, Phoenix, AZ 85007 | Jul 29, 2026 | 6 bd | $560,000 | 0.1 mi |
| 1527 W HADLEY Street, Phoenix, AZ 85007 | Jul 29, 2026 | 6 bd | $550,000 | 0.1 mi |
| 1238 S 16th Avenue, Phoenix, AZ 85007 | Aug 18, 2026 | 3 bd · 1,400 sqft | $260,000 | 0.2 mi |
| 1716 W HADLEY Street, Phoenix, AZ 85007 | Jun 25, 2026 | 4 bd | $389,000 | 0.3 mi |
| 1728 W Sherman Street, Phoenix, AZ 85007 | Apr 22, 2026 | 5 bd | $830,000 | 0.3 mi |
| 1722 W YUMA Street, Phoenix, AZ 85007 | Jun 12, 2026 | 4 bd · 2,060 sqft | $299,000 | 0.3 mi |
| 1431 S 13TH Avenue, Phoenix, AZ 85007 | Apr 16, 2026 | 5 bd · 908 sqft | $150,000 | 0.4 mi |
| 1411 S 18TH Avenue 3, Phoenix, AZ 85007 | Apr 24, 2026 | — | $132,000 | 0.4 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $619,000 · Active
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Similar active homes in Phoenix
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
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