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800-354-5664
Listing provided courtesy of My Home Group Real Estate- MLS# 6973902MLS Provider

1605 E MONTEBELLO AvenuePhoenix, AZ 85016

Multi-Family
$2,500,000 Active

1605 E MONTEBELLO Avenue Overview

Time on Site:
157 days
Visits:
2

Exceptional opportunity to acquire a fully remodeled 9-unit multifamily asset in one of Phoenix's most desirable rental corridors. Located just minutes from the Biltmore area, this stabilized property offers immediate cash flow with 100% occupancy and strong long-term appreciation upside. Each unit has been thoughtfully renovated, appealing to today's renter demand while minimizing future capital expenditures. The property is professionally maintained and positioned in a high-demand submarket with consistent rental growth. This is a rare chance to own a turnkey, stabilized multifamily property in a core Phoenix location with strong demographics and proven rental demand. Ideal for investors seeking a low-maintenance asset in a premier submarket.

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1605 E MONTEBELLO Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: Phoenix Union High School District
  • Elementary School: Madison Rose Lane School
  • Middle Or Junior School: Madison #1 Elementary School
  • High School: North High School

Income/Expenses

  • Gross Income: 180000.0
  • Gross Scheduled Income: 180000.0
  • Operating Expense: 5574.0

Building Information

  • Year Built: 1961

Location/Region

  • County Or Parish: Maricopa
  • Postal City: Phoenix
  • Township: 2N

Community/Development

  • Community Features: No Pool

Tax Information

  • Tax Annual Amount: $5,574.00
  • Tax Year: 2025

General Information

  • Disclosures: None
  • Listing Terms: Conventional
  • Ownership: Fee Simple
  • Parcel Number: 164-51-057-A
  • Property Type: Multiple Dwellings
  • Zoning: RES

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Electric: SRP

Exterior

Parking Information

  • Parking Features: 1 Space/Unit

Lot Information

  • Additional Parcels: false
  • Lot Size Dimensions: 137' x 140'
  • Number Of Buildings: 3
  • Water Source: City Franchise

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Painted,Block
  • Roof: Composition

General Information

  • Covered Spaces: 8.0
  • Number Of Units Total: 9
  • Sewer: Public Sewer

1605 E MONTEBELLO Avenue Neighborhood

Community

85016 (PHOENIX) Demographics

38
Median Age
3,911
Population Density (per sq. mile)
52%
College Educated
$66,759
Estimated Median Income
8,433
Estimated Total Home Owners
8,685
Estimated Total Renters
49% / 51%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1605 E MONTEBELLO Avenue Monthly Cost

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$
Matt Rivera
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1605 E MONTEBELLO Avenue Market Data

Based on the last 30 days in this zip code

$863,583
Average List Price
$468
Average Price per Square Foot
30
Properties Sold
99
Average Days on Market
273
Properties for Sale
Calculations provided by Reliance Network

1605 E MONTEBELLO Avenue History

Date Event Value Agent
1/23/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
January 23, 2026