920 E MONTEBELLO Avenue, Phoenix, AZ 85014
$2,250,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$2,250,000
Last Modified:
1/30/2026
Description
Turnkey 7-unit multifamily investment in a prime central Phoenix location. Built in 1958 and fully renovated in 2022, featuring six 1-bed/1-bath units and one 3-bed/2-bath unit. Capital improvements include new roof (2024), privacy fence (2023), new hot water heaters, plumbed utility room, and updated landscaping with upgraded irrigation/timers. Units offer in-unit washer/dryers and are individually metered for electric and gas. Ample parking on site. Option to purchase adjacent parcel, currently used for parking, zoned R-3 with potential for 3 additional units. Walkable to 7th St Restaurant Row and Uptown Plaza.
More Information MLS# 6977076
Contract Info
Current Price: $2,250,000
List Price: $2,250,000
Status: Active
List Date: 2026-01-30
Ownership: Fee Simple
Location Tax Legal
House Number: 920
Compass: E
Street Name: MONTEBELLO
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 2245
County Code: Maricopa
Subdivision: MONTGOMERY ACRES
Assessor Number: 162-06-022-C
Tax Year: 2025
General Property Description
Lot Size Dimensions: 11,892
Year Built: 1957
Uncvrd Parking Spcs: 7
Total # of Units: 7
# of Buildings: 3
Zoning: R-3
Flood Zone: No
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison Rose Lane School
Jr. High School: Madison Meadows School
High School: North High School
Remarks Misc
Cross Street: 7th Street
Geo Lat: 33.520516
Geo Lon: -112.06196
Legal Info
Township: 2N
Range: 3E
Section: 16
Lot Number: 3
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 1250
Avg SqFt: 550
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 3
Avg Rent: 2000
Avg SqFt: 1000
# Baths: 2
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Vinyl
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Fire Escape; Partially Fenced; Curb(s) & Gutter(s); Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s); Other (See Remarks)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Built-In Gas Oven; Refrigerator; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Ceiling; Forced Air; Hot Water; Central
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street; >1 Space Per Unit; Off Street
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner; Tax Return
Showing Notification Methods: Text; Email
Lockbox Type: Other
New Financing: Cash; 1031 Exchange
Environmental: None
Listing Office: CLA Realty, LLC
Last Updated: January - 30 - 2026
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