1005 E Moreland Street, Phoenix, AZ 85006 - MLS #7074893

images$675,000 images4 Beds

images4 Bath images1,731 sqft images1926

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Description

Live in the main home while collecting $2,190/month in rental income from two tenant-occupied guest houses! Located in the heart of the Garfield Historic District, offers historic charm, flexible living and built-in income just minutes from Downtown Phoenix. The main residence features 2 bedrooms & 2 bathrooms with new flooring, new windows, remodeled bathrooms, & fresh interior & exterior paint. Unit 2 rents for $1,295/month with a lease through March 31, 2027, and Unit 3 rents for $895/month with a lease through July 31, 2027. A rare opportunity to enjoy a move-in-ready home while rental income helps offset your monthly housing costs. Ideal for an owner occupant, investor, or anyone looking for additional income potential in one of Downtown Phx's most established historic neighborhoods.

Supplements: Adding even more value are two separate casitas, both currently rented, offering immediate income potential for an owner looking to help offset their mortgage. The layout also makes the property an excellent option for multigenerational living, extended family, guests, home offices, or a buyer looking for multiple flexible living spaces on one property. Garfield is one of Downtown Phoenix's most recognizable historic neighborhoods, known for its character, tree-lined streets, unique architecture, and convenient central location. Enjoy quick access to Roosevelt Row, Downtown Phoenix dining and entertainment, sporting events, arts and culture, Banner University Medical Center, major freeways, and Phoenix Sky Harbor International Airport. Whether you're looking for a historic primary residence with supplemental income, a multigenerational setup, or simply a unique property with flexibility that's increasingly hard to find in Central Phoenix, this home offers a compelling combination of location, updates, and opportunity.

Property Features
Special Listing Cond: N/A
Architecture: Bungalow
Master Bathroom: 3/4 Bath Master Bdrm
Flooring: Laminate; Tile
Window Features: Dual Pane; Vinyl Frame
Spa: None
Community Features: Biking/Walking Path; Historic District; Near Bus Stop; Near Light Rail Stop
Dining Area: Eat-in Kitchen; Dining in LR/GR; Other (See Remarks)
Kitchen Features: Gas Range; Disposal; Dishwasher; Refrigerator; Non-laminate Counter
Laundry: Washer Included; Dryer Included; See Remarks
Foundation Details: Pillar/Post/Pier
Other Rooms: Guest Qtrs-Sep Entrn
Technology: Cable TV Avail; High Speed Internet
Exterior Features: Patio; Separate Guest House; Storage
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Cooling: Central Air; Ceiling Fan(s)
Heating: Natural Gas
Plumbing: Gas Hot Water Heater
Utilities: APS; SW Gas
Water Source: City Water
Sewer: Sewer - Public; Sewer-In & Connected
Fencing: Block; Other
Landscaping: Gravel/Stone Front
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra; Combo
Possession: Close of Escrow
Association Fee Incl: No Fees
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail; None
Contract Information
List Price: $675,000
Status: Active
Current Price: $675,000
List Date: 2026-09-02
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 1005
Compass: E
Street Name: Moreland
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 2705
Country: US
County Code: Maricopa
Assessor Number: 116-28-046-0
Subdivision: BRILLS ADDITION AMD
Tax Year: 2025
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 4
Full Bathrooms: 4
Total Bathrooms: 4
Approx SQFT: 1731
Price/SqFt: 389.95
Guest House SqFt: 821
Horses: N
Builder Name: UNKNOWN
Year Built: 1926
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 6373
Approx Lot Acres: 0.146
Flood Zone: No
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: Yes
Fireplaces Total: 1
Planned Comm Name: Garfield Historic District
Marketing Name: Garfield Historic Distric
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Garfield School
Jr. High School: Garfield School
High School: Phoenix Union Bioscience High School
Remarks Misc
Cross Street: 7Th St & Roosevelt
Directions: From 7th St & Roosevelt St, head east on Roosevelt St. Turn left (north) on 10th St. Turn right (east) on Moreland St. Property will be on the right at 1005 E Moreland St
Geo Lat: 33.460954
Geo Lon: -112.060407
Basement
Basement Y/N: N
Items Updated
Floor Yr Updated: 2026
Floor Partial/Full: Full
Plmbg Yr Updated: 2026
Plmbg Partial/Full: Partial
Parking Spaces
Slab Parking Spaces: 3
Showing Notification Methods
Showing Service: Aligned Showings
DPR Eligible
DPR Eligible: Yes