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3517 E Montecito Ave, Phoenix, AZ 85018

  • $1,295,000

  • 5

    bed

  • 5

    bath

Multi-family for sale 60 days
$55K price drop
80 homes bought nearby with Movoto recently

About 3517 E Montecito Ave

Property type Multi-family
Neighborhood
Year built 1957
HOA fee $0/month
Property 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.
Listed by
Listing Agent - Terry J Kass
Listing Office - Coldwell Banker Commercial Realty
Source: ARMLS mls logo
MLS#7012867 • last updated 1 week ago
Movoto checked ARMLS for data 4 minutes ago
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Overview
Cooling/AC Electric
Heating Electric
MLS # 7012867
Type Multiple Dwellings
Status Active
Property Tax 2865
Year Built 1957
Interior
Flooring Vinyl
Appliances Other, Refrigerator, Built-In Electric Oven
Exterior
Roof Composition
Construction Painted, Block
Parking >1 Space Per Unit, On Street
# of Covered Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features Other, Pool
Elementary School District Creighton Elementary District
High School District Phoenix Union High School District
APN 170-27-117
Zoning R-3
Directions From 36th Street, Head East On Montecito. Property On South Side Of Street
Multifamily Details
Total # of Units 4
Expense: Operating 18627
Financial Data Source Owner
Expense: Maintenance 753
Expense: Insurance 4405
Net Operating Income 41251
Gross Income 60348
Expense: Electric 2433
Expense: Other 1440
Expense: Water/Sewer 4931
Gross Scheduled Income 59916
Expense: Gardener 1800
Lot/ Land Details
Road Surface Asphalt
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5/10
Biltmore Preparatory Academy
public Grades K-8
Creighton Elementary District
2/10
Camelback High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Arcadia Lite

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68/100
Walk
71/100
Family
93/100
Dining
97/100
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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85018
  • Arcadia Lite
  • 3517 E Montecito Ave

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