1605 E MONTEBELLO Avenue Phoenix, AZ ^$ 2,500,000

1605 E MONTEBELLO Avenue

^$ 2,500,000

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1605 E MONTEBELLO Avenue

Phoenix, AZ, 85016

^$ 2,500,000

Studio Baths0.0

Monthly Estimate*

^$ 15,393

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $2,500,000. This home was built in 1961.

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.

Multi-Family Active

Price

^$ 2,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 5,574

Style

Multiple Dwellings

Year Built

1961

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6973902

Features

General

Sewer Public Sewer

Cooling Ceiling Fan(s)

Roof Composition

Zoning RES

Construction Materials Painted Block

Year Built 1961

Electric SRP

Township 2N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 180000.0

Community Features No Pool

County Maricopa

Net Operating Income 0.0

Operating Expense 5574.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Garage Y/N N

Status Active

Directions Head south onto N 16th St to property. Property will be on the left after E Montebello Ave.

High School North High School

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 0.0

Number Of Units Total 9

Carport Y/N N

Elementary School Madison Rose Lane School

Tax Annual Amount 5574.0

Middle/Junior High School Madison #1 Elementary School

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Elementary School District Madison Elementary District

Tax Lot 164-51-057-A

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Exterior

Parking Features 1 Space/Unit

Water Source City Franchise

Total Parking 8.0

Number of Buildings 3

Spa N

Lot Dimensions 137' x 140'

Covered Spaces 8.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Interior

Air Conditioning Y/N Y

Heating Y/N N

Total Baths 0

Internal Only

Street Number 1 1605

* Excluded Features

List By

My Home Group Real Estate

Broker

silviadeltoro.me@gmail.com

Affordability Calculator

$15,857

Per Month

Monthly Principal & Interest: $15,393
Monthly Property Taxes: $465
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,332,248

Percent of Sale Price 47%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327033 Elementary School

4897865 Middle School

North High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/24/2026	$2,500,000		Listed Price

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1605 E MONTEBELLO Avenue, Phoenix, AZ, 85016 is a Multi-Family Home for sale at $2,500,000. 1605 E MONTEBELLO Avenue is a studio with 0.0 baths and was built in 1961. The property's zip code is 85016 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/25/2026.

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1605 E MONTEBELLO Avenue

Multi-Family Home for sale in Phoenix, AZ

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