MLS# 6973902 – 1605 E Montebello Avenue, Phoenix, AZ 85016

Price: $2,500,000
Units: 9
Property Type: Multiple Dwellings
Status: Active
Year Built: 1961
Days on Website: 98

Courtesy of My Home Group Real Estate

Property Description

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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Property Details and Features

  • Appliances & Equipment
  • “Built-In Range”
  • “Dishwasher”
  • “Refrigerator”
  • “Microwave”
  • “Washer/Dryer”
  • Building
  • Built in 1961
  • Construction materials: “Painted”, “Block”
  • 9 total units
  • Cooling
  • “Ceiling Fan(s)”
  • Floors
  • “Laminate”
  • Heating
  • “Hot Water”
  • Listing
  • Listing ID: 6973902
  • Standard status: Active
  • 96 days on market
  • Parking
  • “Detached Carport”
  • “1 Space/Unit”
  • 8 total parkings
  • Property
  • Zoning: RES
  • Roof
  • “Composition”
  • Schools
  • Elementary school: Madison Rose Lane School
  • High school: North High School
  • High school district: Phoenix Union High School District
  • Sewer
  • “Public Sewer”
  • Taxes
  • Annual amount: $5,574
  • Lot: 164-51-057-A
  • Utilities
  • “SRP”

Property Map

$2,500,000 – 1605 E Montebello Avenue, Phoenix, AZ 85016

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This content last updated on May 2, 2026 3:25PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.