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1605 E Montebello Avenue, Phoenix, AZ 85016

Phoenix
Local realty services provided by:CENTURY 21 Desert Estates Realty
1605 E Montebello Avenue,Phoenix, AZ 85016
$2,500,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: silvia del toro ochoa
Office: my home group real estate
MLS#:6973902
Source:ARMLS

Price summary

  • Price:$2,500,000

About this home

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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Home facts

  • Year built:1961
  • Listing ID #:6973902
  • Updated:June 13, 2026 at 03:14 PM

Rooms and interior

  • Flooring:Laminate

Heating and cooling

  • Cooling:Ceiling Fan(s)

Structure and exterior

  • Year built:1961
  • Construction Materials:Block, Painted

Schools

  • High school:North High School
  • Middle school:Madison #1 Elementary School
  • Elementary school:Madison Rose Lane School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$2,500,000
  • Tax amount:$5,574 (2025)

Parking

  • Total parking spaces:8
  • Parking description:1 Parking Space/Unit
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. ARMLS Member Broker: JoAnn Ayres

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