$10,000 Closing Credit¹
#6843777, Isaac V Nieblas, Listing office: InHouseVIP
#6835710·
Listing office: ABI Multifamily·
Listing agent: Mitchell Drake, Dallin J Hammond·
Listing office phone: 602-714-1400
$2,050,000 List price
5640 S Montezuma St Phoenix, AZ 85041
$10,000
Closing credit¹
House
Property details
About 5640 S Montezuma St
Montezuma is a 12-unit apartment community in Phoenix, offering two-bedroom / one-bathroom units. Built in 1963 and renovated in 2024, it still holds value-add potential for further upgrades. A total of (7) units have in-unit washer / dryer. Out of those units (5) have been fully renovated. A major advantage is the assumable sub $1.2M Freddie Mac loan at 3.31%, ensuring strong cash flow and stability in a high-interest rate environment. Just 10 minutes from Sky Harbor Airport, the property benefits from high tenant demand, job growth, and excellent connectivity. With stable income and growth potential, Montezuma is a prime investment in Phoenix's booming rental market. All units are occupied. We cannot allow tours to the interior of any unit
Highlights
Home typeOther
HeatingOther, Electric
StatusActive
CoolingElectric, Other
Year built1964
Parking1 Space/Unit
MLS #6835710
Summary
- Flooring Type: Vinyl
- Parking: 1 Space/Unit
- Heating: Other, Electric
- Cooling: Electric, Other
- List Price: $2,050,000
- Annual Tax Amount: $945
- Tax Year: 2024
- Year Built: 1964
- MLS Number: 6835710
- MLS Name: Arizona Regional Multiple Listing Service 2
- Office Name: ABI Multifamily
- Office Phone: (602) 714-1400
- Listing Agent: Mitchell Drake, Dallin J Hammond
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 8:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,050,000
5640 S Montezuma St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 21, 2021 | Home Sold | $1,700,000 |
| Sep 25, 2015 | Home Sold | $178,000 |
| Feb 04, 2015 | Home Sold | $506,500 |
| Jun 08, 2012 | Home Sold | $120,000 |
| Jun 14, 2011 | Home Sold | $192,000 |
| Jun 22, 2009 | Home Sold | $45,000 |
| May 13, 2005 | Home Sold | $235,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $46,910 | $945 |
| 2023 | $35,420 | $926 |
| 2022 | $24,770 | $945 |
| 2020 | $17,760 | $934 |
| 2019 | $16,030 | $879 |
| 2017 | $10,830 | $838 |
History based on county public records data.
Nearby schools
3
Asu Preparatory Academy - South Phoenix Intermediate School
Public Charter 3-6
0.2 mi
•5610 S Central Ave
5
Reyes Maria Ruiz Leadership Academy
Public Charter KG-6
0.6 mi
•4848 S 2nd St
7
Basis Phoenix South
Public Charter KG-5
1.3 mi
•5700 S 19th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,773. The most common annual income of people living in Phoenix, AZ is less than $<35k. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
44%
<35k
42%
35k-100k
10%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
20%
Single, with Kids
12%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
10%
12-17 yrs old
24%
18-34 yrs old
36%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
UFC
Mexican League Soccer
Figure Skating
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Burger King
Church's Chicken
Popeyes
What do the neighbors drive?
Buick
Chevrolet
Cadillac
What do the neighbors listen to?
Urban Contemporary- Urban Adult Contemporary
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5640 S Montezuma St
The listing price of 5640 S Montezuma St property is $2,050,000.
The property 5640 S Montezuma St is a house located in Phoenix, Arizona, 85041.
Active Listing: 5640 S Montezuma St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5640 S Montezuma St are: Asu Preparatory Academy - South Phoenix Intermediate School (GreatSchools Rating 3/10), Reyes Maria Ruiz Leadership Academy (GreatSchools Rating 5/10), Basis Phoenix South (GreatSchools Rating 7/10), Sunland Elementary School (GreatSchools Rating 2/10), John R. Davis Elementary School (GreatSchools Rating 3/10), V. H. Lassen Elementary School (GreatSchools Rating 3/10), The Academies at South Mountain High School (GreatSchools Rating 2/10), Nfl Yet College Preparatory Academy (GreatSchools Rating 3/10), Asu Preparatory Academy - South Phoenix High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $945 (source: MLS/based on county public records data).
The last sale was on December 21, 2021 for $1,700,000 (source: MLS/tax record).
The property at 5640 S Montezuma St has 0 bathroom.
The year of construction for 5640 S Montezuma St is 1964.
This home is located at 5640 S Montezuma St in Phoenix, AZ and zip code 85041 in the South Mountain neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 14, 2025 and is currently priced at $2,050,000.
Over 222 listings were sold over their listed price in May 2025 in Phoenix, AZ. In the same period over 865 listings were sold below the listed price and 419 listings were sold for the listed price. The number of homes for sale in Phoenix, AZ increased by 4% between April and May 2025. In May 2025, listings were on the market for 64 days. During the same period, the median list price in this real estate market was $456,920.
From Rocket Homes Real Estate and based on county public records data.