Pending

Price cut: $45K (4/18)

$885,000

2727 E MONTECITO Avenue, Phoenix, AZ 85016

5beds

5baths

2,750sqft

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Multi Family

Built in 1959

-- sqft lot

$-- Zestimate^®

$322/sqft

$-- HOA

What's special

Lush desert landscape settingShared on-site laundryPrivate large patioDelightful wood flooring

Rare turn-key mid-century modern triplex in the heart of the Biltmore corridor within a lush desert landscape setting. Gated, walled courtyard creates sanctuary for this compound featuring two 2-bed/2-bath units and one spacious 1-bed/1-bath unit with delightful wood flooring. Unit 1 features a private large patio Enclosed 3-car garage with assigned spaces and private storage, plus shared on-site laundry. Owner pays water/sewer; tenants pay electric. Recent capital improvements and transferable termite warranty. Proximity to Sprouts, Starbucks, dining and breweries. Boutique multifamily asset in one of Phoenix's strongest rental corridors with long-term appreciation appeal.

136 days

42

3

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5

Heating

Individual, 2 or More Units, Electric

Cooling

Electric, Individual, 2 or More Units

Appliances

Included: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer

Features

Flooring: Ceramic Tile, Vinyl, Wood

Interior area

Total structure area: 2,750
Total interior livable area: 2,750 sqft

Property

Parking

Total spaces: 3
Parking features: 1 Space/Unit
Covered spaces: 3

Lot

Size: 8,476 Square Feet
Dimensions: 8476

Details

Parcel number: 16308070
Zoning: multi

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Painted, Block
Roof: Composition

Condition

Year built: 1959

Utilities & green energy

Electric: SRP, Individual Meter
Sewer: Public Sewer
Water: City Franchise

Community & HOA

Community

Features: Barbecue, No Pool
Subdivision: BROWN TERRACE

Location

Region: Phoenix

Financial & listing details

Price per square foot: $322/sqft
Tax assessed value: $772,200
Annual tax amount: $2,389
Date on market: 2/22/2026
Cumulative days on market: 136 days
Listing terms: No Carry,Conventional
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Concrete, Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/5/2026	Pending sale	$885,000$322/sqft
Source: ARMLS #6987955 Report a problem
4/18/2026	Price change	$885,000-4.8%$322/sqft
Source: ARMLS #6987955 Report a problem
3/12/2026	Price change	$930,000-7%$338/sqft
Source: ARMLS #6987955 Report a problem
2/21/2026	Listed for sale	$1,000,000+95.7%$364/sqft
Source: ARMLS #6987955 Report a problem
8/14/2023	Listing removed	--
Source: Zillow Rentals Report a problem
8/7/2023	Listed for rent	$1,800+12.5%$1/sqft
Source: Zillow Rentals Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
6/17/2019	Listing removed	$1,600$1/sqft
Source: Owner Report a problem
5/28/2019	Listed for rent	$1,600+8.5%$1/sqft
Source: Owner Report a problem
3/8/2018	Listing removed	$1,475$1/sqft
Source: Owner Report a problem
2/5/2018	Listed for rent	$1,475$1/sqft
Source: Owner Report a problem
11/16/2017	Sold	$511,000+0.2%$186/sqft
Source: ARMLS #5670527 Report a problem
10/6/2017	Listed for sale	$510,000+116.1%$185/sqft
Source: Launch Real Estate #5670527 Report a problem
10/23/2003	Sold	$236,000+47.5%$86/sqft
Source: ARMLS #2028669 Report a problem
8/13/1998	Sold	$160,000+38.5%$58/sqft
Source: Public Record Report a problem
6/1/1998	Sold	$115,500$42/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,389 +4.9%	$77,220 -22.2%
2024	$2,277 +2.7%	$99,220 +496.6%
2023	$2,216 +7.6%	$16,630 -65.7%
2022	$2,061 +0.4%	$48,420 +9.1%
2021	$2,053 +2.3%	$44,370 +5.7%
2020	$2,007 +2.6%	$41,960 +27.4%
2019	$1,957	$32,930 +28.8%
2018	$1,957 +5.1%	$25,560 +4.1%
2017	$1,863 +11.5%	$24,550 +24.3%
2016	$1,670 -5.8%	$19,750 +17.6%
2015	$1,773	$16,800 +6.2%
2014	--	$15,820 +45.5%
2013	--	$10,870 +32.6%
2012	--	$8,200 -28.4%
2011	--	$11,460 -33.3%
2010	--	$17,180 -38.4%
2009	--	$27,900 +2.3%
2008	--	$27,280 +13.4%
2007	--	$24,050 +64.7%
2006	--	$14,600
2005	--	$14,600 +13.4%
2004	--	$12,880
2003	--	$12,880 +20.9%
2002	--	$10,650

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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