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1605 E Montebello Avenue, Phoenix, AZ 85016

Phoenix
Local realty services provided by:CENTURY 21 Arizona Foothills
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:February 14, 2026 at 04:09 PM

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)
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