3517 E Montecito Avenue, Phoenix, AZ 85018 (MLS# 7012867)

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
3517 E Montecito Avenue, Phoenix, AZ 85018- MLS# 7012867
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.