Tempe AZ Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1961
Baths:
MLS#:
6766239

ADDITIONAL INFORMATION

Remodeled duplex right in the heart of Tempe and near the ASU campus. This turn-key property has zoning and room to build a 3rd property or ADU. Each unit is large, over 850 sqft each and has individual in-unit laundry. The remodel consists of a new roof, new AC's, new dual-pane windows, interior/exterior doors, sewer lines, new water pipes, new kitchen & bathrooms with quartz counters, vinyl floors, water heaters, trim/baseboards, lighting, fans, insulation, paint, inside laundry, landscaping and stainless steel appliances. Units have big open kitchen, dinning, great room concept. Large backyard with private storage rooms for each unit. Electric and gas are separately metered, only water is not. Perfect setup for a ''house hack'' or an investor who just wants ''mailbox money''. NO HOA!!!

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1962
Baths:
MLS#:
6761938

ADDITIONAL INFORMATION

Excellent investment opportunity, this Duplex is located in the highly sought after area of Tempe North (South Scottsdale), which is an up and coming, high growth area of N Tempe; LOTS of new construction and rehabs abound. Location, Location, Location: less than a mile to 202/101/Tempe Town Lake/ASU and more; just blocks to mass transit, less than 4 miles to: Phoenix Sky Harbor Airport; 2 mi to Old Town Scottsdale and more! Well maintained, remodeled just over a decade ago with low E windows, Trane ACs, roof, underground plumbing, and more. Separate electric meters for each unit. Both units are 2 bedrooms,1 bath, carport with private storage areas, both have units have fenced yards. Zoning is R-2 and opportunity to add more sf to increase rents etc., buyer to verify with city of Tempe Stated rents ($ 1,250 per unit) are based on current market comps of $ 1,200-1,500/mo., as landlord hasn't raised rents in over a decade so current rents are well below market comps; buyer to verify all facts and figures. Tenants have been on a month-to-month rental basis for over a decade. Won't last long!! Multiple comps in area around 500k and this property might be better as it's located on Weber Dr. with beautiful 3 story newer homes located across the street! COMPS - 4 duplexes have sold in the immediate area in the last 18 months: 1124 E TEMPE DR, Tempe, MLS #6570114, $475,000 930 E HENRY ST, Tempe, MLS# 6457594, $519,000 1019 N HAROLD ST, Tempe, MLS #6570114, $545,000 1010 E HENRY ST, Tempe, MLS #6547427, $ 599,000

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1963
Baths:
MLS#:
6752006

ADDITIONAL INFORMATION

Prime Corner Lot 4Plex! Just minutes from ASU and the Light Rail, this single-story fourplex s a fantastic find for investors /developers.Each of the 2 Bed/1 Bath, 644 SqFt units is fully tiled and includes a private yard and storage space. Located on a corner lot, the property is surrounded by significant new development, attracting long-term tenants. With the potential to increase rents in a rapidly appreciating market, this property is a smart investment. While the laundry facility is currently inactive, it could be revived to generate additional income with coin-operated machines. Whether you're looking to start or expand your real estate portfolio, this fourplex has great potential. One unit has been updated with a new kitchen, flooring, lighting, and AC.Drive By Only.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1972
Baths:
MLS#:
6743331

ADDITIONAL INFORMATION

Investment Income Tempe. Opportunity to live in Tempe inside a 4 bedroom 2 bathroom 2 car garage home and have TWO rentals giving income from rents of the two 2 Bedroom and one bath units. Close to Arizona State University and Freeways, convenient location for all occupants. Large park in the neighborhood. Was an AirBNB in the past so the constant cleaning show. White cabinets brighten the interior. The investor you know or those who want to start by buying place to live and have rentals, will enjoy cash flow opportunity.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1961
Baths:
MLS#:
6740390

ADDITIONAL INFORMATION

405 South Priest Drive (South) is a well maintained fourplex built in 1961 and recently renovated, near Arizona State University and major transportation routes, including Loop 202, SR-143, and I-10, as well as proximity to Phoenix Sky Harbor International Airport. The property consists of 100% 1-bedroom / 1-bathroom units, each offering 665 square feet of living space. In 2024, the property underwent extensive renovations, enhancing its appeal and functionality. Upgrades include new flooring, countertops, cabinetry, stainless-steel appliances, updated bathrooms, modern light fixtures, new doors, and fresh paint. The property is individually metered for electricity and features a shared laundry room, as well as separate storage areas for each unit.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1961
Baths:
MLS#:
6723731

ADDITIONAL INFORMATION

If you know the Tempe area, you know THIS is the location to be in as an investor! Located directly next to the highly desirable neighborhood of Broadmor, this single-level, fully occupied 4-unit will be a valuable addition to your investment portfolio whether you're an experienced investor or just starting out. This prime investment opportunity consists of Three(3)-1bd/1ba units plus One(1) 2bd/1ba unit, each unit with its own convenient dedicated parking spot in the rear, individually metered electric. Many updates throughout! Highly desirable central location with high tenant demand! Don't miss out on this exceptional opportunity to own a multifamily property in one of Tempe's most sought-after locations! Buyer to verify all facts and figures to their satisfaction.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1957
Baths:
MLS#:
6719590

ADDITIONAL INFORMATION

TWO SEPARATE Adjoining Homes - HUGE LOTS, nearly 1/2 ACRE of land, both lots have R-2 ZONING! PLENTY of land and adequate zoning to add more ADU units PLUS opportunity to add more sf to both existing homes to increase rents etc., seller has permits ready to go, buyer to verify all with city of Tempe. This sale includes: 925 E Henry St & 1100 N Esther St (two separate parcel/APN numbers). Both homes are 2 bedrooms, 1 bath, plus laundry room/office; carport, huge backyards and more! Both homes are currently rented: Henry St has a new 1-year lease of $ 1,895/mo., and we had over 25+ potential tenants to select from; and Esther St has been on a month-to-month lease for the last few years at the same rental rate. Over 40k+ net income. Buyer to verify all facts and figures. Well maintained, remodeled in 2015 with all new interiors: flooring, kitchen cabinets/countertops, blinds, plumbing, bathroom, light fixtures and ceiling fans, doors, baseboards, hardware, Trane ACs, and more! Separate utility meters for each home. Both homes have block fenced huge yards. These properties both back up to the commercial corner of Scottsdale Rd and Curry - so possible potential there also... check out the plat! Unique opportunity in a top location. Please don't disturb the tenants by walking the lot without permission from agent. THANK YOU!

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1970
Baths:
MLS#:
6718601

ADDITIONAL INFORMATION

Incredible Value-Add Opportunity! This prime investment property is in an Opportunity Zone and offers huge potential for savvy investors to increase returns. Fully occupied and with below-market rents, this well-maintained fourplex is ready for a strategic value-add play. Renovated in 2018 with a new roof and HVAC, it's situated in the heart of Tempe, steps from ASU, Mill Ave, and public transit—making it a hot spot for consistent rental demand. With its ideal location and opportunity for growth, this is the chance to capitalize on a high-demand area and elevate your portfolio with long-term appreciation and tax benefits!

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1950
Baths:
MLS#:
6704388

ADDITIONAL INFORMATION

Highly desirable location, walking distance from ASU and nearby Downtown Tempe! This lot contains 3 separate detached units, located in the heart of Tempe. All 3 units have updated flooring, bathrooms and kitchens. The main home 3 bedroom and is approximately 1,800 square feet. The second unit is approximately 1,200 square feet with 2 bedrooms & 2 bathrooms. The third unit is approximately 600 square feet with one bedroom, 1 bath & a great room. Plenty of parking for all 3 homes, tandem drive through ''garage'' with three covered spaces & four additional spaces.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1960
Baths:
MLS#:
6702127

ADDITIONAL INFORMATION

BOTH UNITS are occupied w/lease for 1 year w/Tenant paying for utilities. Great Investment Property in the heart of Tempe! Walking distance to ASU and quick 202 freeway access. TRUE DUPLEX!! Two 2 bed, 1 bath units, individually metered; completely and beautifully updated. New Sewer lines all the way to the street. New Plumbing, New AC, & New Tankless Water Heaters. All New Windows and Doors. Brand New Bathroom, New Kitchen with modern quartz countertops, white shaker cabinets, & SS Appliances. New porcelain tile and baseboards throughout. New washer/dryer combo inside the units. New synthetic stucco and fresh paint. Ample backyard with dividing fence for privacy. Low maintenance courtyard with separate driveway for each unit. NO HOA. Please DO NOT disturb tenants.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1959
Baths:
MLS#:
6702126

ADDITIONAL INFORMATION

BOTH UNITS are occupied w/lease for 1 year w/Tenant paying for utilities. Great Investment Property in the heart of Tempe! Walking distance to ASU and quick 202 freeway access. TRUE DUPLEX!! Two 2 bed, 1 bath units, individually metered (gas & electric); completely and beautifully updated. New Sewer lines all the way to the street. New Plumbing, New AC, & New Tankless Water Heaters. All New Windows and Doors. Brand New Bathroom, New Kitchen with modern quartz countertops, white shaker cabinets, & SS Appliances. New porcelain tile and baseboards throughout. New washer/dryer combo inside the units. New synthetic stucco and fresh paint. Ample backyard with dividing fence for privacy. Low maintenance courtyard with separate driveway for each unit. NO HOA. Please DO NOT disturb tenants.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1953
Baths:
MLS#:
6657557

ADDITIONAL INFORMATION

This remodeled duplex property in Tempe! Upon arrival, you will be greeted with a well-kept landscape, a swaying shade tree, and a carport/covered patio! Walk into a great rooms inside, designed to maximize space for an airy feel. Offering wood-look floors, soothing paint, & recessed lighting. One living room showcases an accented fireplace, creating a warm & inviting atmosphere. Upgraded kitchens boast white shaker cabinets & granite counters. Both have two perfectly-sized bedrooms with primary bathrooms. The lovely backyard provides a relaxing covered patio & a grassy landscape. Community has amenities like a play area, a BIG gazebo, a lush greenbelt, & many more! Next to ASU! *Seller Financing Available* Also see documents tab for floor plan document. Seller is Motivated!

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1947
Baths:
MLS#:
6347108

ADDITIONAL INFORMATION

TWO DUPLEX BUILDINGS. ALL 4 UNITS ARE 1-BEDROOM, 1-BATH. INVESTMENT OPPORTUNITY CLOSE TO ASU! **DRIVE BY ONLY** **DO NOT DISTURB TENANTS** **VIEWING ONLY AFTER ACCEPTED CONTRACT**

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Andrea Conner, License #BR685747000, Xome Inc., License #LC658141000 [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


Information deemed reliable but not guaranteed. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. The ARMLS logo indicates a property listed by a real estate brokerage other than this broker. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.



Tempe Real Estate

The median home value in Tempe, AZ is $480,000. This is higher than the county median home value of $456,600. The national median home value is $338,100. The average price of homes sold in Tempe, AZ is $480,000. Approximately 36.21% of Tempe homes are owned, compared to 55.27% rented, while 8.53% are vacant. Tempe real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Tempe real estate agent to arrange a tour today!

Tempe, Arizona has a population of 178,862. Tempe is less family-centric than the surrounding county with 24.42% of the households containing married families with children. The county average for households married with children is 31.17%.

The median household income in Tempe, Arizona is $64,080. The median household income for the surrounding county is $72,944 compared to the national median of $69,021. The median age of people living in Tempe is 29.6 years.

Tempe Weather

The average high temperature in July is 104.1 degrees, with an average low temperature in January of 41.5 degrees. The average rainfall is approximately 9 inches per year, with 0 inches of snow per year.

Tempe Real Estate Market Conditions

  • Median sales price

    $480,000
    21.6% change since last quarter
  • # Active listings

    433
    30-day change

Tempe Schools and Demographics

Education near Tempe, AZ

Metric City County
High School Graduates 93.45 88.84
College Degree - 2 year 7.87 8.92
College Degree - 4 year 47.55 34.36
Graduate Degree 14.09 9.3
Expenditures per Student 10,564 10,564
Students per Teacher 18.2 18.2

Elementary Schools near Tempe, AZ

School Grades Students P/T Ratio ZIP
Aguilar School KG - 05 516 17.3 85283
Arredondo Elementary School KG - 05 350 16.5 85282
Broadmor Elementary School KG - 05 673 19.2 85282
C I Waggoner School PK - 05 612 17.5 85284
Carminati School KG - 05 372 15.2 85282
Center for Educational Excellence KG - 08 358 85284
Children First Academy - Tempe KG - 08 202 85281
Curry Elementary School KG - 05 560 16.4 85282
Flora THEW Elementary School KG - 06 645 17.2 85281
Fuller Elementary School KG - 05 610 17.6 85283
GETZ School PK - 08 159 8.7 85283
Hohokam Traditional School PK - 06 432 14.2 85257
Holdeman Elementary School PK - 05 618 17 85281
Hudson Elementary School KG - 05 476 18.2 85282
Imagine Tempe KG - 08 280 85282
Kyrene DE La Mariposa School PK - 05 548 18.7 85284
Kyrene DE Las Manitas School PK - 05 597 15.8 85284
Kyrene DE Los Ninos School PK - 05 706 17.4 85283
Kyrene Del Norte School PK - 05 512 15.4 85283
Laird Elementary School KG - 08 433 14.5 85281
Rover Elementary School KG - 06 511 17.3 85283
Scales Technology Academy KG - 05 533 15.8 85281
Tonalea Elementary School PK - 06 341 12.8 85257
Ward Traditional Academy KG - 08 483 19.4 85282
Wood School PK - 05 582 17.5 85283
Yavapai Elementary School PK - 06 421 15.9 85257

Middle Schools near Tempe, AZ

School Grades Students P/T Ratio ZIP
Connolly Middle School 06 - 08 1,058 18.4 85282
Edupreneurship Student Center (Esc) Scottsdale KG - 08 0 85257
Evans Elementary School PK - 05 0 85282
Fees College Preparatory Middle School 06 - 08 925 15.5 85283
Gililland Middle School 06 - 08 901 15.1 85281
Kyrene Middle School 06 - 08 1,056 19.2 85284
New School for the Arts Middle School 06 - 08 71 85281
Supai Middle School 06 - 08 686 17.5 85257
Tempe Academy of International Studies McKemy Campus 06 - 07 198 20.4 85282
Tempe Preparatory Junior Academy 05 - 08 206 85282
Tempe Thomas J. Pappas Regional Elementary School KG - 06 0 85382

High Schools near Tempe, AZ

School Grades Students P/T Ratio ZIP
Compadre High School 09 - 12 536 15.8 85283
Corona Del Sol High School 09 - 12 2,781 24.4 85284
Coronado High School 09 - 12 1,039 17 85257
Edoptions HS Learning Center 09 - 12 366 85282
Humanities and Science High School - Tempe 09 - 12 4 85282
Humanities and Sciences Academy Arizona 09 - 12 67 85282
International Commerce High School - Tempe 09 - 12 173 85282
James Madison Preparatory School 07 - 12 184 85283
Kaizen Education Foundation DBA Quest High School 09 - 12 25 85282
Marcos DE NIZA High School 09 - 12 1,582 20.7 85283
McClintock High School 09 - 12 1,771 21.9 85282
New School for the Arts 09 - 12 195 85281
Pinnacle Charter High School 09 - 12 51 85283
Pinnacle High School - Tempe 09 - 12 66 85282
Pinnacle Virtual High School 06 - 12 259 85282
Student Choice High School 09 - 12 130 85281
Tapbi 09 - 12 0 85283
Tempe High School 09 - 12 1,550 19.9 85281
Tempe Preparatory Academy 07 - 12 226 85283

Ungraded Schools near Tempe, AZ

School Grades Students P/T Ratio ZIP
Grand Canyon College Preparatory Charter School 06 - 12 93 85283
Integrity Education Centre KG - 12 53 85281
Scottsdale Online Learning KG - 12 101 13.8 85257

Demographics near Tempe, AZ

Metric City County
Neighborhood Type
Population 178,862 4,367,186
Population Density 4,474 475
Median Age 29.6 36.9
People per Household 2.3 2.6
Median Household Income 64,080 72,944
Average Income per Capita 35,880 37,570