Steve Rayburn Subdivision Real Estate

Welcome to the Steve Rayburn Subdivision, a hidden gem nestled in the vibrant heart of Phoenix, Arizona. This charming community is set within the picturesque Maricopa County, offering residents a perfect blend of suburban tranquility and urban convenience.

Steve Rayburn Subdivision is characterized by its beautifully designed homes, which showcase a variety of architectural styles, catering to diverse tastes and lifestyles. The tree-lined streets and well-maintained landscaping create a welcoming atmosphere, making it an ideal place for families, retirees, and young professionals alike. With spacious lots and thoughtfully planned layouts, each home exudes warmth and comfort, inviting you to create lasting memories within its walls.

One of the standout features of this subdivision is its prime location. Residents enjoy easy access to a plethora of amenities, including shopping centers, dining options, and recreational facilities. The nearby parks and green spaces provide perfect spots for outdoor activities, whether you prefer a leisurely stroll, a family picnic, or a spirited game of basketball.

Education is a top priority in this community, with several highly-rated schools just a short drive away, ensuring that children receive a quality education in a nurturing environment. Additionally, the Steve Rayburn Subdivision is conveniently located near major highways, making commutes to downtown Phoenix and surrounding areas a breeze.

Experience the charm and convenience of the Steve Rayburn Subdivision, where community spirit and modern living come together in perfect harmony. Your dream home awaits in this vibrant Phoenix neighborhood!

Newest Listings in Steve Rayburn Subdivision

$619,000

7087258 MLS ⋅ ACTIVE Status ⋅ 85007 Zip Code

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.

1515 W Tonto Street, Phoenix

$710,000

5 Beds ⋅ 3 Baths ⋅ 7064669 MLS ⋅ ACTIVE Status ⋅ 85007 Zip Code

Exceptional investment opportunity in the heart of Phoenix! This unique portfolio includes three separate single-family homes being offered together at one price: 830 S 15th Ave (2 bed/1 bath), leased through 10/31/2026 at $1,838.55 per month; 820 S 15th Ave (1 bed/1 bath), leased through 8/31/2027 at $1,553.07 per month; and 1501 W Hadley St (2 bed/1 bath), leased through 11/30/2026 at $1,636.00 per month. Generating approximately $5,027.62 in monthly gross rental income, this portfolio provides immediate cash flow, built-in stability, and long-term investment potential. Whether you're looking to expand your rental portfolio, or take advantage of a unique house-hacking opportunity - live in one home while collecting income from the other two, this property offers exceptional flexibility and a rare opportunity to own multiple income-producing homes in a rapidly growing area. All three homes have separate electric and gas meters, simplifying utility management. All major remodeling was completed in 2021, with updated finishes throughout, making this a true turnkey investment. Each home features a private fenced yard for added privacy and outdoor enjoyment and includes essential appliances such as a stove, refrigerator, and washer/dryer to support tenant satisfaction and minimize ownership expenses. Perfectly positioned for flexible ownership, multigenerational living, or long-term portfolio growth, these properties are conveniently located near Downtown Phoenix, major freeways, public transportation, employment centers, shopping, dining, and entertainment, benefiting from strong rental demand and excellent accessibility. DRIVE-BY ONLY -- please do not disturb tenants. Walkthroughs available with accepted offers only. Act quickly--opportunities like this do not come around often. Buyer to verify all facts and figures.

830 S 15th Avenue, Phoenix

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.