$2,500,000

1605 E Montebello Ave Phoenix, AZ 85016

Camelback East Village Neighborhood

Estimated payment $13,331/month

Total Views 891
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceiling Fan
  • 2-minute walk to Solano Park
  • Phoenix Coding Academy Rated A

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.

Listing Agent

Silvia Deltoro

My Home Group Real Estate License #SA701849000 Listed on: 01/23/2026

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,574

Year Built

  • Built in 1961

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Parking Spaces
  • 8 Covered Spaces

Schools

  • Madison Rose Lane Elementary School
  • Madison #1 Elementary Middle School
  • North High School

Additional Features

  • Ceiling Fan
  • Cooling Available

Listing and Financial Details

  • Tax Lot 164-51-057-A
  • Assessor Parcel Number 164-51-057-A

Community Details

Overview

  • 3 Buildings
  • 9 Units
  • Building Dimensions are 137' x 140'

Building Details

  • Operating Expense $5,574
  • Gross Income $180,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,574

Year Built

Built in 1961

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Bethany Home Rd & 16th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: RES
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2025
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Detached Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s)
  • Cooling Y N: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: Madison Rose Lane School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison #1 Elementary School

Lot Info

  • Lot Size: 137' x 140'
  • Additional Parcels: No
  • Parcel #: 164-51-057-A

Multi Family

  • Owner Pays: Other
  • Number Of Units Total: 9
  • Annual Gross Income: 180000.0
  • Annual Operating Expense: 5574.0

Tax Info

  • Tax Annual Amount: 5574.0
  • Tax Book Number: 164.00
  • Tax Lot: 164-51-057-A

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2026 01/23/26 For Sale $2,500,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6973902

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85014 Camelback East Village

1605 E Montebello Ave, Phoenix, AZ

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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