1605 E Montebello Avenue, Phoenix, AZ 85016

Phoenix
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1961
  • Listing ID #:6973902
  • Updated:June 16, 2026 at 02:52 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.

New listings near 1605 E Montebello Avenue