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, located in the picturesque Maricopa County, offers a perfect blend of suburban tranquility and urban convenience. With its welcoming atmosphere and well-designed homes, the Steve Rayburn Subdivision is an ideal place for families, young professionals, and retirees alike.

The subdivision is characterized by its beautifully landscaped streets, lined with mature trees and colorful gardens, creating a warm and inviting environment. Residents enjoy a variety of amenities, including nearby parks, walking trails, and recreational facilities, perfect for those who appreciate an active lifestyle. The community is also conveniently located close to shopping centers, restaurants, and entertainment options, ensuring that everything you need is just a short drive away.

Education is a priority in the Steve Rayburn Subdivision, with access to highly-rated schools and educational institutions that cater to students of all ages. Families will appreciate the strong sense of community and the numerous family-friendly events held throughout the year.

Moreover, the strategic location of the subdivision allows for easy access to major highways, making commuting to downtown Phoenix or other parts of the valley a breeze. Whether you’re looking to explore the stunning desert landscapes or enjoy the vibrant cultural scene of Phoenix, the Steve Rayburn Subdivision serves as the perfect launching pad for all your adventures.

Discover the charm and convenience of the Steve Rayburn Subdivision, where community spirit meets the beauty of Arizona living. Your dream home awaits!

Newest Listings in Steve Rayburn Subdivision

$619,000

7087258 MLS

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

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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