170 E MONTEREY Way, Phoenix, AZ 85012

New Listing

$1,449,000

Property Type: Multiple Dwellings Bedrooms: 8 Baths: 12 Status: Active

Current Price: $1,449,000 List Date: 10/24/2026 Last Modified: 10/27/2026

Overview

Description

LOCATION, LOCATION, LOCATION! Modern Downtown Living Meets Contemporary Style! Introducing this stunning, newly built 2026 4-Plex at 170 E Monterey Way in the heart of Phoenix! Each thoughtfully designed residence offers 2 bedrooms, 2.5 bathrooms/ and 1,192 sq. ft.of stylish living space, featuring upscale upgrades, modern finishes, and charming private front patio perfect for morning coffee or unwinding outdoors! Each unit also includes 2 dedicated parking spaces for added convenience. Ideally located within walking distance of downtown phoenix, effortless access to local businesses, dining and entertainment, and the vibrant city lifestyle. Whether your seeking a modern urban home or a prime investment opportunity, this property delivers contemporary comfort in an unbeatable LOCATION!

Listing Details MLS# 7098144

Location, Tax & Legal

House Number: 170
Compass: E
Street Name: MONTEREY
St Suffix: Way
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85012
Zip4: 2618
Country: US
County Code: Maricopa
Subdivision: MONTEREY MEDICAL PLAZA
Assessor Number: 118-34-060-A
Tax Year: 2025
Assessor's Map #: 34
Legal Description (Abbrev): LOT 3 MONTEREY MEDICAL PLAZA MCR 006521
Assessor's Parcel #: 60
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 110502
Taxes: 3152
Legal: LOT 3 MONTEREY MEDICAL PLAZA MCR 006521
Marketing Name: N/A

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 70 x 100
Year Built: 2026
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: 2
Zoning: R-5
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 3RD Street & Monterey Way
Directions: Head north on 3rd street from Left on Monterey Way. Monterey is north of Thomas Rd & South of Osborn rd.

Legal Info

Township: 2N
Range: 3E
Section: 29
Lot Number: 3

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 2800
Avg SqFt: 1198
# Baths: 3

More Information

Structure

Bedrooms Total: 8
Bathrooms Total: 12

Income Expenses

Gross Annual Sch Inc: 134400
Net Operating Income: 127680

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Phone Call: Yes

Project Type

Four Plex: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3152
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 134400
Total Monthly Rental Income: 11200

Pmt & Rate Info

Cap Rate: 8.52
Equity: 1499000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Combo: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Central: Yes

Cooling

Ceiling Fan(s): Yes

Exterior Amenities

Sidewalk(s): Yes
Patio/Balcony: Yes

Interior Features

Unfurnished: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes
Landscaping: Yes

Appliances Included

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

Road Access Type

Alley: Yes
City Street: Yes
Easement: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Other (See Remarks): Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
Free: Yes
>1 Space Per Unit: Yes

Electric

APS: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Non Assumable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Sidewalk(s); Patio/Balcony Interior Features: Unfurnished Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Central Cooling: Ceiling Fan(s) Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Carport; >1 Space Per Unit; Free Road Access Type: Alley; City Street; Easement Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water Tenant Pays: Electricity; Cable TV; Landscaping Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Text; Phone Call Lockbox Type: Combo Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: My Home Group Real Estate

Office Phone: 480-685-2760

Office Email: andrew@myhomegroup.com

Last Updated: October - 27 - 2026