1022 S MONTEZUMA Avenue Phoenix, AZ ^$ 585,000

1022 S MONTEZUMA Avenue

^$ 585,000

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1022 S MONTEZUMA Avenue

Phoenix, AZ, 85003

^$ 585,000

Studio Baths0.0

Monthly Estimate*

^$ 3,602

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $585,000. This home was built in 1942.

This remodeled duplex is fully rented with a 2 bedroom 1 bath and 1 bedroom 1 bath unit. There is a 3rd building that could be renovated for a triplex. This property was recently combined into one lot with 9,780 square feet. Perfect for additional structures and rental income options. DO NOT DISTURB TENANTS - PLEASE

Multi-Family Active

Price

^$ 585,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 691

Style

Multiple Dwellings

Year Built

1942

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6988700

Features

General

Sewer Public Sewer

Heating Ceiling

Cooling Window/Wall Unit Electric Individual

Roof Composition

Zoning Multi Family

Construction Materials Painted Block Slump Block

Year Built 1942

Electric APS

Township 1N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 33900.0

Community Features No Pool

County Maricopa

Net Operating Income 30839.0

Operating Expense 691.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name MONTGOMERY ADD BLKS 23-26 31-34 39-42 47-50

Garage Y/N N

Status Active

Directions 7th Ave and Buckeye head East to Montezuma on the north side of of Buckeye on the corner

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 3.0

Number Of Units Total 3

Carport Y/N N

Tax Annual Amount 691.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Elementary School District Phoenix Elementary District

Tax Lot 13

Cap Rate 5.27

New Financing: Conventional True

Senior Community N

New Financing: FHA True

Interior

Flooring Carpet Concrete

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features On Street

Water Source City Franchise

Total Parking 3.0

Number of Buildings 2

Spa N

Lot Dimensions 9750

Road Surface Type Asphalt

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1022

* Excluded Features

List By

Realty One Group

Broker

mikesnitz@gmail.com

Affordability Calculator

$3,660

Per Month

Monthly Principal & Interest: $3,602
Monthly Property Taxes: $58
Monthly Home Insurance: --

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Loan Term

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 ^$1,246,352

Percent of Sale Price 113%

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.

4327165 Elementary School

4327058 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/23/2026	$585,000		Listed Price

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1022 S MONTEZUMA Avenue, Phoenix, AZ, 85003 is a Multi-Family Home for sale at $585,000. 1022 S MONTEZUMA Avenue is a studio with 0.0 baths and was built in 1942. The property's zip code is 85003 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 2/24/2026.

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1022 S MONTEZUMA Avenue

Multi-Family Home for sale in Phoenix, AZ

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