$899,000
PENDING $96K PRICE DROP

Estimated payment $5,131/month

Total Views 1,988
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Patio
  • Forced Air Heating System
  • Longview Elementary School Rated 9+
  • Ceramic Tile Flooring
  • Fenced

About This Home

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.

Listing Agent

Michael Gordon

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

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

  • The owner pays for water, sewer, trash collection
  • Tax Lot 39
  • Assessor Parcel Number 155-19-034
  • $10,000 Seller Concession

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
  • 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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Painted, Stucco
  • Roof: Built-Up, Composition

Garage/Parking

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

Utilities

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

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

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/17/2026 04/17/26 Pending -- -- --
03/02/2026 03/02/26 Price Changed $899,000 -5.4% --
02/16/2026 02/16/26 Price Changed $950,000 -4.5% --
01/23/2026 01/23/26 For Sale $995,000 +206.2% --
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)

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
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- First American Title Ins Co
Deed -- Chicago Title Agency
Deed -- Chicago Title Agency
Cash Sale Deed $325,000 First Arizona Title Agency
Cash Sale Deed $325,000 First Arizona Title Agency
Warranty Deed -- Equity Title Agency Inc
Warranty Deed -- Equity Title Agency Inc
Trustee Deed $61,000 None Available
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 $200,000 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6973303

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-19-034

Your Personal Tour Guide

Ask me questions while you tour the home.