Remodeled Quadplex Income
For Sale
$825,000
Pending
3518 E MONTECITO Avenue, Phoenix, AZ 85018
Quadplex offers four rental units, including three 1-bedroom and one remodeled 2-bedroom, plus fenced yards and covered parking.
Property SizeContact for details
Days on Market371
Property Features for 3518 E MONTECITO Avenue
General Information
Standard status
Pending
Total Parking Spaces
4
Property subtype
Multi Family
Additional Details
Fenced Yard
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,194
Amenities
large fenced yard
storage/workshop
coin-operated washer/dryer
extra storage for each unit
individual fenced back patios
beehive fireplace
Building Details
Year Built
1957
Tenancy
Multi
Listing Agency:
HomeSmart
(602) 228-8628
Listed By:
Mark R Otten · License #BR041111000
(602) 228-8628
Source:
Exitrealty
Added: Aug 6, 2025
Changed: Aug 8
Last Checked: Aug 11 at 7:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart
Investment Insights
Based on property information with market context.
This quadplex includes three 1-bedroom/1-bath units and one 2-bedroom/1-bath unit. The 2-bedroom unit has been remodeled with plank-style tile flooring, updated kitchen cabinetry, and granite countertops, and features a beehive fireplace. The 1-bedroom units offer laminate flooring and tile countertops, with tile flooring in the kitchen and baths, along with small individual fenced back patios.
Units are semi-detached from each other across a breezeway, with a large fenced yard associated with the configuration. The property also includes a laundry room with coin-operated washer/dryer and additional closet-sized storage for each unit. A storage/workshop area is provided for the owner, and there are four covered parking spaces.
Overall, the layout supports comfortable separation between units through the breezeway and fenced outdoor space, while maintaining shared operational convenience through on-site laundry and unit-specific storage.
Units are semi-detached from each other across a breezeway, with a large fenced yard associated with the configuration. The property also includes a laundry room with coin-operated washer/dryer and additional closet-sized storage for each unit. A storage/workshop area is provided for the owner, and there are four covered parking spaces.
Overall, the layout supports comfortable separation between units through the breezeway and fenced outdoor space, while maintaining shared operational convenience through on-site laundry and unit-specific storage.
Key Highlights
- Quadplex built in 1957 with 4 rental units: three 1 bed/1 bath units and one 2 bed/1 bath unit
- 2‑bedroom unit has been remodeled with plank‑style tile flooring, kitchen cabinets, and granite countertops
- 1‑bedroom units feature laminate flooring, tile countertops, and tile flooring in kitchen and baths
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,537
Businesses Nearby
Explore this area
Business Placement
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex offers four rental units, including three 1-bedroom and one remodeled 2-bedroom, plus fenced yards and covered parking.
Where is this quadplex located?
The property is located at 3518 E MONTECITO Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Quadplex built in 1957 with 4 rental units: three 1 bed/1 bath units and one 2 bed/1 bath unit; 2‑bedroom unit has been remodeled with plank‑style tile flooring, kitchen cabinets, and granite countertops; 1‑bedroom units feature laminate flooring, tile countertops, and tile flooring in kitchen and baths
