3517 E Montecito Avenue, Phoenix, AZ 85018
$1,295,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,295,000
Last Modified:
4/12/2026
Description
This Four-Plex is very unique for the area. It is fully secured by a block wall on all sides and has its own private fenced in pool (recently resurfaced with pebble tech) in the courtyard. This is very rare to find anywhere in the valley, and especially in this area. The property as one 2/2 and three 1/1 bedroom units. The property has been self managed and the owner has made numerous upgrades to the interior and exterior.
This is a rare opportunity to purchase a Four-Plex in the esteemed Arcadia Lite Area. Arcadia Lite is a trendy, central Phoenix neighborhood (roughly 32nd-44th St, Camelback to Indian School) known for blending mid-century charm with modern, high-end renovations.
More Information MLS# 7012867
Contract Info
Current Price: $1,295,000
List Price: $1,295,000
Status: Active
List Date: 2026-03-12
Ownership: Fee Simple
Location Tax Legal
House Number: 3517
Compass: E
Street Name: Montecito
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
County Code: Maricopa
Assessor Number: 170-27-117
Tax Year: 2025
General Property Description
Lot Size Dimensions: UNK
Year Built: 1957
Total # of Units: 4
# of Buildings: 2
Zoning: R-3
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: E Glenrosa and Montecito East of 36th Street
Directions: From 36th Street, head East on Montecito. Property on South Side of Street
Geo Lat: 33.499522
Geo Lon: -112.005917
Legal Info
Lot Number: 6
Income Expenses
Gross Annual Sch Inc: 59916
Net Operating Income: 41251
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1025
Avg SqFt: 536
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1900
Avg SqFt: 822
# Baths: 2
Contact Info
List Agent Home Phn: 602-703-5277
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: Pool; Other
Exterior Amenities: Green Landscaping; Desert Landscaping
Appliances Included: Built-In Electric Oven; Refrigerator; Other
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: On Street; >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: Coldwell Banker Commercial Realty
Last Updated: April - 12 - 2026
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