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1022 S Montezuma Ave
Multi-Family
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$585,000

1022 S Montezuma Ave, Phoenix

51% below median
3 bd·2 ba·0 sqft
Built 1942Central City South

1022 S Montezuma Ave, Phoenix, AZ

3 bd · 2 ba · 0 sqft Multi-Family listed at $585,000, built in 1942 in the Central City South neighborhood.

About this home

This remodeled duplex is fully rented with a 2 bedroom 1 bath and 1 bedroom 1 bath unit. There is a 3rd building that could be renovated for a triplex. This property was recently combined into one lot with 9,780 square feet. Perfect for additional structures and rental income options. DO NOT DISTURB TENANTS - PLEASE

Property details

Price
$585,000
Bedrooms
3
Bathrooms
2
Year built
1942
Type
Multi-Family
Days on market
61
Est. property tax
$3,627/yr · $302/mo · 0.62% AZ avg
Last sold
$475,000 · Oct 2023

Estimated monthly payment

Down payment20% ($117,000)
Interest rate6.75%
Principal & Interest$3,035
Property Tax$536
Insurance$150
Total$3,722/mo

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Price history

$638K$320K$2K$55K on Jul 15 (Initial list)$55K on Sep 15 (Sold)$450K on Apr 22 (Sold)$525K on Oct 22 (Initial list)$475K on Sep 23 (Sold)$585K on Feb 26 (Initial list)
$55K · Jul 15$585K · Feb 26
  1. Feb 23, 2026$585,000Initial list price
  2. Sep 28, 2023$475,000Sold
  3. Oct 13, 2022$525,000Initial list price
  4. Apr 15, 2022$450,000Sold
  5. Sep 10, 2015$55,000Sold
  6. Jul 31, 2015$55,000Initial list price

Location

This home is located in Phoenix, AZ, in the Phoenix / Scottsdale area. Browse more Phoenix listings on the Phoenix market page or explore the full Phoenix market report.

Home Intelligence

Neighborhood (zip 85003)

This neighborhood is primarily renter-occupied (29% owner-occupied). Median age is 36.4; 31% hold a bachelor's degree; median household income is $49,607.

Median income
$49,607
Median age
36.4
Owner-occupied
28.7%
Bachelor's degree
31.2%
Census median home value
$536,800

Source: US Census Bureau American Community Survey 5-year estimates.

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