$835,000
SOLD MAY 30, 2026
-- Bed
-- Bath
2,220 Sq Ft
1958 Built

Sale Details

Date Sold: May 30, 2026

$376 Per Sq Ft

16% Below List Price

84 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Fenced
  • Patio
  • Forced Air Heating System

About This Home

As of May 2026

Welcome to 822 East Montecito Avenue, Phoenix, AZ 85014! This beautifully maintained four-plex offers a fantastic investment opportunity with a mix of two spacious 2-bedroom, 1-bath units and two large 1-bedroom, 1-bath units. Each unit features large private backyards, perfect for outdoor relaxation or entertaining. Enjoy the convenience of full-sized laundry facilities in each unit, along with a host of modern upgrades and amenities designed to enhance comfort and style. Whether you're looking for a stable income property or a home for yourself, this four-plex delivers both charm and convenience in a prime Phoenix location.
Don't miss out on this exceptional opportunity! Tenant occupied. Please do not disturb.

Last Agent to Sell the Property

Michael Gordon

Get Multifamily License #BR688636000 Listed on: 01/23/2026

Last Buyer's Agent

Zachary Coty

Compass License #SA697361000

Compass
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,178

Year Built

  • Built in 1958

Home Design

  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Blinds
  • Ceramic Tile Flooring
  • Fire Sprinkler System

Parking

  • 4 Parking Spaces
  • Carport
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Patio
  • Fenced

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV
  • The owner pays for water, sewer, trash collection
  • Tax Lot 39
  • Assessor Parcel Number 155-19-034

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 85' x 110'
  • Carolyn Place Lot 1 9 46 54 Subdivision

Building Details

  • Operating Expense $11,132
  • Gross Income $59,212
  • Net Operating Income $49,256

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,178

Year Built

Built in 1958

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 7th St and Indian School
  • Property Type: Multiple Dwellings
  • Zoning: R3 MF MD
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Subdivision Name: CAROLYN PLACE LOT 1-9 46-54
  • Const - Finish:Const - Finish: Painted, Stucco
  • Cooling:Cooling: Electric
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS
  • Special:Special: Owner/Agent
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer, W/D Hookup
  • Interior Features:Interior Features: Unfurnished, Fire Sprinklers, Mini Blinds

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Painted, Stucco
  • Roof: Built-Up, Composition
  • Exterior Amenities: Fenced, Patio/Balcony

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, Carport, Assigned
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • Parking Features:Parking Features: 1 Space/Unit, Carport, Assigned

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Natural Gas, Forced Air
  • Security: Fire Sprinklers
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 4800.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 85' x 110'
  • Additional Parcels: No
  • Parcel #: 155-19-034

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Electricity, Gas, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 554.0
  • Annual Gross Income: 59211.6
  • Insurance Expense: 2600.0
  • Property Net Operating Income: 49256.0
  • Annual Operating Expense: 11132.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 3178.0
  • Tax Book Number: 155.0
  • Tax Lot: 39

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2026
Closed on
May 26, 2026
Sold by
Bought by
Seller's Agent
Michael Gordon
Get Multifamily
Buyer's Agent
Zachary Coty
Compass
List Price
$995,000
Sold Price
$835,000
Premium/Discount to List
-$160,000
-16.08%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.54%
Original Mortgage
$415,000
Outstanding Balance
$414,610
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$411,868

Purchase Details

Closed on
May 26, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 26, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 20, 2014
Closed on
Mar 1, 2015
Sold by
Bought by
Seller's Agent
David Benton
AXIS Real Estate
Buyer's Agent
Sophia Baron
Real Broker
List Price
$375,000
Sold Price
$325,000
Premium/Discount to List
-$50,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.52%

Purchase Details

Closed on
Aug 9, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$593,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,500
Interest Rate
3.36%
Mortgage Type
Unknown
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Special Warranty Deed $830,000 Commonwealth Land Title
Interfamily Deed Transfer -- First American Title Ins Co
Deed -- Chicago Title Agency
Cash Sale Deed $325,000 First Arizona Title Agency
Warranty Deed -- Equity Title Agency Inc
Trustee Deed $61,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $415,000 New Conventional
Previous Owner $350,000 New Conventional
Previous Owner $325,000 New Conventional
Previous Owner $310,000 New Conventional
Previous Owner $300,000 Construction
Previous Owner $200,000 Commercial
Previous Owner $350,000 Commercial
Previous Owner $150,000 Unknown
Previous Owner $100,000 Unknown
Previous Owner $593,000 Purchase Money Mortgage
Previous Owner $61,500 Unknown
Previous Owner $201,950 Unknown
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/30/2026 05/30/26 Sold $835,000 -7.1% $376 / Sq Ft
04/17/2026 04/17/26 Pending -- -- --
03/02/2026 03/02/26 Price Changed $899,000 -5.4% $405 / Sq Ft
02/16/2026 02/16/26 Price Changed $950,000 -4.5% $428 / Sq Ft
01/23/2026 01/23/26 For Sale $995,000 +206.2% $448 / Sq Ft
03/03/2015 03/03/15 Sold $325,000 -13.3% $146 / Sq Ft View Prior Sale
01/24/2015 01/24/15 Pending -- -- --
10/20/2014 10/20/14 For Sale $375,000 -- $169 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,178 $24,476
2024 $2,967 $23,311
2023 $2,967 $66,510 $13,300 $53,210
2022 $2,951 $44,100 $8,820 $35,280
2021 $3,001 $36,270 $7,250 $29,020
2020 $2,925 $32,180 $6,430 $25,750
2019 $2,798 $31,180 $6,230 $24,950
2018 $2,705 $27,420 $5,480 $21,940
2017 $2,484 $26,180 $5,230 $20,950
2016 $2,396 $20,760 $4,150 $16,610
2015 $965 $10,960 $2,190 $8,770
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6973303

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-19-034

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