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● For sale

$2,500,000

1605 E MONTEBELLO Avenue, Phoenix, AZ 85016

Maricopa County

Built 1961 No HOA

130 days on market

Description

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.

Property details

Interior

Bathrooms

Total Bathrooms: 0

Appliances

Built-In Range
Refrigerator
Dishwasher
Microwave
Washer/Dryer

Heating and Cooling

Cooling Features: Ceiling Fan(s)
Heating Features: Hot Water

Exterior

Land Info

Lot Size Dimensions: 137' x 140'

Garage and Parking

Attached Garage: No
Parking Features: 1 Space/Unit, Detached Carport

Listing

Other Property Info

Annual Tax Amount: $5,574
Source Listing Status: Active
County: Maricopa
Directions: Head south onto N 16th St to property. Property will be on the left after E Montebello Ave.
Parcel Number: 164-51-057-A
Zoning: RES
Postal City: Phoenix
Listing Date: 1/23/2026
MLS#: 6973902

Features

Building and Construction

Year Built: 1961
Property Age: 65
Construction Materials: Block, Painted
Roof: Composition

Utilities

Water Source: City Franchise

Contact Us

Ask a question or schedule a showing

Listed by Silvia Del Toro Ochoa My Home Group Real Estate

Listing updated: January 24, 2026

MLS#: 6973902

Data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Arizona Regional Multiple Listing Service. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed accurate by the MLS.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.