$2,500,000

1605 E MONTEBELLO Avenue, Phoenix, AZ 85016

Multi-Family Home
Built in 1961
—— sqft lot
—— car garage
$——/sqft
Listed 18 days ago

Property 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.

Listing Status:: Active
Date Added:: January 23, 2026
Data Last Updated:: February 11, 2026 at 12:09PM
Listing Office:: My Home Group Real Estate : 480-685-2760
Listing Agent:: Silvia Del Toro Ochoa : 623-760-3742
MLS ID:: 6973902

A/C: Ceiling Fan(s)

Parking: 1 Space/UnitParking spaces: 8

Roofing: Composition
General: PaintedBlock

Originating MLS: Arizona Regional Multiple Listing Service 2
School District: Madison Elementary District
County: Maricopa

Zoning: RES16451057A

Water: City Franchise
Sewer: Public Sewer

Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Silvia Del Toro Ochoa , My Home Group Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Madison No. 1 Middle School

5525 N 16th St, Phoenix, AZ, 85016

Grades 5-8

0.21 miles away

Madison No. 1 Middle School

5525 N 16th St, Phoenix, AZ, 85016

Grades 5-8

0.21 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.