3517 E Montecito Avenue Phoenix, AZ ^$ 1,295,000

3517 E Montecito Avenue

^$ 1,295,000

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3517 E Montecito Avenue

Phoenix, AZ, 85018

^$ 1,295,000

Studio Baths0.0

Monthly Estimate*

^$ 7,974

3517 E Montecito Avenue, Phoenix, AZ 85018 - Image 1

3517 E Montecito Avenue, Phoenix, AZ 85018 - Image 2

3517 E Montecito Avenue, Phoenix, AZ 85018 - Image 3

3517 E Montecito Avenue, Phoenix, AZ 85018 - Image 4

3517 E Montecito Avenue, Phoenix, AZ 85018 - Image 5

3517 E Montecito Avenue, Phoenix, AZ 85018 - Image 6

3517 E Montecito Avenue, Phoenix, AZ 85018 - Image 7

3517 E Montecito Avenue, Phoenix, AZ 85018 - Image 8

3517 E Montecito Avenue, Phoenix, AZ 85018 - Image 9

Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,295,000. This home was built in 1957.

This Four-Plex is very unique for the area. It is fully secured by a block wall on all sides and has its own private fenced in pool (recently resurfaced with pebble tech) in the courtyard. This is very rare to find anywhere in the valley, and especially in this area. The property as one 2/2 and three 1/1 bedroom units. The property has been self managed and the owner has made numerous upgrades to the interior and exterior. This is a rare opportunity to purchase a Four-Plex in the esteemed Arcadia Lite Area. Arcadia Lite is a trendy, central Phoenix neighborhood (roughly 32nd-44th St, Camelback to Indian School) known for blending mid-century charm with modern, high-end renovations.

Multi-Family Active

Price

^$ 1,295,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,865

Style

Multiple Dwellings

Year Built

1957

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7012867

Features

General

Sewer Public Sewer

Heating Electric

Cooling Electric

Roof Composition

Zoning R-3

Construction Materials Painted Block

Year Built 1957

Electric SRP

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 60348.0

Community Features Other Pool

County Maricopa

Net Operating Income 41251.0

Operating Expense 18627.0

Insurance Expense 4405.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

MaintenanceExpense 753.0

Garage Y/N N

Status Active

Directions From 36th Street head East on Montecito. Property on South Side of Street

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 0.0

Number Of Units Total 4

Carport Y/N N

Tax Annual Amount 2865.0

Electric Expense 2433.0

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 4931.0

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 Creighton Elementary District

Tax Lot 6

Cap Rate 3.19

New Financing: Conventional True

Senior Community N

New Financing: FHA True

New Financing: Cash True

New Financing: VA True

Interior

Flooring Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features >1 Space Per Unit On Street

Water Source City Franchise

Total Parking 4.0

Number of Buildings 2

Spa N

Lot Dimensions UNK

Road Surface Type Asphalt

Covered Spaces 4.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 3517

* Excluded Features

List By

Coldwell Banker Commercial Realty

Broker

terry.kass@cbrealty.com

Affordability Calculator

$8,212

Per Month

Monthly Principal & Interest: $7,974
Monthly Property Taxes: $239
Monthly Home Insurance: --

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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 ^$1,187,637

Percent of Sale Price 8%

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
4/12/2026	$1,295,000		Listed Price

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3517 E Montecito Avenue, Phoenix, AZ, 85018 is a Multi-Family Home for sale at $1,295,000. 3517 E Montecito Avenue is a studio with 0.0 baths and was built in 1957. The property's zip code is 85018 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 4/26/2026.

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3517 E Montecito Avenue

Multi-Family Home for sale in Phoenix, AZ

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