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$2,500,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 9 days ago
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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.

Full Property Details for 1605 E Montebello Ave

General

  • Price: $2,500,000
  • Taxes: $5,574 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6973902
  • Updated: 1/23/2026
  • Added to Site: 9 day(s) ago

Interior

  • Appliances: Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer

Parking

  • Parking Features: 1 Space/Unit

Location

  • County: Maricopa
  • Township: 2N
  • Cross Streets: Bethany Home Rd & 16th St

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s)

Utilities

  • Water: City Franchise

Structural Information

  • # Buildings: 3
  • Exterior Const.: Painted, Block
  • Roof: Composition
  • Year Built: 1961

Lot Features

  • Lot Dimensions: 137' x 140'
  • Zoning: RES

Financial Considerations

  • Tax Amount: $5,574
  • Tax Year: 2025
  • Terms: Conventional
  • Owner Pays: Other

Disclosures and Reports

  • Legal Description: N 170' OF W 178' OF NW4 SW4 NW4 EX N 30' & W 40' RDS .44 AC
  • Property ID: 164-51-057-A
  • Range: 3E
  • Section: 15
  • Lot Number: 164-51-057-A

Listed by My Home Group Real Estate

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— 1605 E Montebello Ave —

  • My Home Group Real Estate

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1605 E Montebello Ave

School Districts:Madison Elementary District, Phoenix Union High School District
NameGradesDistance
Madison #1 Elementary School
5525 North 16th Street, Phoenix, AZ 85016
5-80.1 mi
Madison Rose Lane School
1155 East Rose Lane, Phoenix, AZ 85014
PK-40.8 mi
North High School
1101 East Thomas Road, Phoenix, AZ 85014
9-122.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1605 E Montebello Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/23/2026
Listed
$2,500,000
111.86%
MLS
2/12/2020
Sold
$1,180,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1605 E Montebello Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,574
5%
$210,660
24%
2024
$5,314
3%
$169,510
-10%
2023
$5,172
3%
$188,810
42%
2022
$5,018
—
$132,950
31%
2022
$5,018
-1%
$101,670
22%
2021
$5,061
2%
$83,220
21%
2020
$4,983
2%
$68,570
11%
2019
$4,873
3%
$61,970
12%
2018
$4,753
5%
$55,500
13%
2017
$4,529
4%
$48,920
19%
2016
$4,373
8%
$41,020
19%
2015
$4,062
-3%
$34,500
—
2014
$4,176
25%
$34,500
48%
2013
$3,352
—
$23,280
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1605 E Montebello Avenue, Phoenix, AZ 85016 (MLS# 6973902) is a Multi-Family property with 9 units containing 0 bedrooms and 0 full bathrooms. 1605 E Montebello Avenue is currently listed for $2,500,000 and was received on January 23, 2026. Want to learn more about 1605 E Montebello Avenue? Do you have questions about finding other Multi-Family real estate for sale in Camelback East? You can browse all Camelback East real estate or contact a Coldwell Banker agent to request more information.

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