Tempe AZ Multi-Family Real Estate, Homes for Sale

Attention aspiring SHORT TERM RENTAL owners!! This is an amazing opportunity to turn a profit and own an investment property. Numbers for only ONE side of the duplex provide a $39K revenue. To help ease the new owners worries there are new roofs on both sides, new AC unit on one side, new water heater on one side, both units come with W/D, refrigerators and blinds. This Is a prime Tempe investment opportunity! This beautifully updated duplex is located in one of the Valley's strongest rental markets, just minutes from Arizona State University, Sky Harbor International Airport, Downtown Tempe, Tempe Town Lake, and major employment hubs. With easy access to Loop 202, SR-143, and I-10, this is an ideal location for attracting long and short-term tenants. Each unit offers a modern, open-concept layout with designer finishes, granite countertops, stainless steel appliances, wood-look tile flooring, spacious bedrooms, private patios, and low-maintenance outdoor space. All features that help attract and retain quality tenants. The property has demonstrated strong rental demand and offers an excellent opportunity for investors seeking immediate income with long-term appreciation potential. Whether you're looking to expand your portfolio, complete a 1031 exchange, or live in one unit while generating rental income from the other, this property checks all the boxes. Opportunities to own a well-maintained duplex in this highly sought-after Tempe location are few and far between. Don't miss your chance to own an income-producing asset in one of Arizona's most consistently desirable rental markets.

421 S Terry Lane, Tempe

$750,000

7046255 MLS

Great opportunity to own within a community that very rarely has a building available! 4 Studio units with wall unit AC, Refrigerators and Stoves. Well cared for and maintained by this owner. This building is the southern most on the east side of the street, offering privacy for the occupants and ease of parking access from both the north and south side of the alleyway. Very low vacancy rate with such close access to ASU, downtown Tempe and the light rail.

1033 S Mariana Street, Tempe

$899,000

7041883 MLS

An amazing opportunity right here! Turnkey triplex that will come fully furnished! Not many multi-family buildings that offers a 4 bedroom/2 bathroom home with attached 2-car garage. The other two units are also 2/1 layouts mirroring each other. Each unit is set for its own individual utilities. Set in a quiet residential neighborhood, but still close to ASU, freeways, the airport and downtown, you truly get the best of both worlds. Perfect for the hands-off investor, or someone looking to live in it as well!

515 W Pebble Beach Drive, Tempe

$1,395,000

7036697 MLS

The property consists of seven units, across two buildings. The front building is a single story triplex, while the rear building is a two story loft style fourplex. The property is extremely well located, being just west of ASU's Tempe Campus. The unit mix is unknown, however two tenants are long term and five are short term.

1214 S Farmer Avenue, Tempe

$950,000

7017730 MLS

Fully renovated 3-unit income property offered as part of a rare five-unit residential compound spanning two adjacent parcels. This parcel includes one single-family residence plus a duplex for a total of three units, consisting of two 2-bedroom/1-bath units and one 3-bedroom/2-bath unit.Extensive upgrades completed throughout, including new HVAC systems, new roofs, all new electrical panels, new windows, and fully renovated interiors, providing a turnkey, low-capex asset. Property is adjacent to 1248 E Harry St, a separately parceled duplex. Together, both parcels function as a cohesive five-unit investment. Seller strongly prefers a concurrent sale of both parcels, though each is offered individually. There may be future development or density potential. Buyer to conduct due diligence.

1244 N Rose Street, Tempe

$1,420,000

7011894 MLS

This 7-unit, garden-style apartment property sits in an incredible location, approximately half a mile from ASU's main campus. Additionally, this property boasts proximity to Tempe Town Lake offices, Mill Avenue, the 202 freeway, and Sky Harbor Airport. Location isn't the only desirable characteristic of the Apartments on Farmer, as 5 of 7 units have been thoroughly remodeled in the past 5 years (the other two units are occupied by long-term tenants). Along with interior updates, the property's comprehensive renovation included significant roofing, plumbing, and electrical work, with 4 of 7 units now boasting their own laundry facilities. Six storage rooms also on site. Don't miss out on this incredible location!

1219 S Farmer Avenue, Tempe

$725,000

7011374 MLS

*Motivated seller* Exceptional investment opportunity near Arizona State University with a strong rental history. Fully remodeled in 2024, this duplex features updated finishes throughout, a brand-new roof, and modern kitchens in both units with white shaker cabinets and granite countertops. Shared laundry room includes washer and dryer for tenant convenience. Both units are tenant occupied, providing immediate income. One unit is leased month-to-month, and unit 2 leased from 6/6/26-Dec 2026. Prime location near ASU supports consistent rental demand, making this an excellent option for investors, owner-occupants, or house hackers looking to expand their portfolio.

1610 S College Avenue, Tempe

$1,299,900

7010331 MLS

This listing is a bulk sale for 7 identical condos at this property - Units 112, 115, 128, 138, 141, 207, 231. Each unit is rented with good solid tenants except unit 115 we left vacant for buyers to see the floor plan. There is still value ad for these 7 units as the rents can and should be increased in 2026. This is a great opportunity to purchase 7 units at the same located and have immediate cash flow from day one! Don't let this opportunity pass you by. Bring us an offer and lets Talk!

616 S Hardy Drive Unit 112, Tempe

$1,235,000

7007483 MLS

Turnkey duplex investment with major upgrades already done. Across the property, the exterior was painted in 2022, interior paint was refreshed throughout all units, roof/trim/overhang repairs were completed, and dry rot-damaged wood was replaced prior to painting. Ownership also added updated electrical outlets, switches, and GFIs, new interior door hardware, new exterior lighting, Nest WiFi thermostats, and Eufy WiFi front door locks for modern convenience and added security. Inside, the unit improvements create strong tenant appeal and a more polished, move-in-ready feel. Multiple units feature updated kitchens with new cabinetry, granite or quartz countertops, undermount sinks, backsplash details, and new appliances. Bathrooms have been refreshed with new vanities, mirrors, lighting, upgraded fixtures, and remodeled showers, including a fully tiled walk-in shower in one unit and a Spanish mosaic tile shower in another. Additional upgrades include new flooring in select units, low-E energy-efficient windows, ceiling fans with remotes, blackout curtains, TV mounts, water filtration, and updated plumbing components. A well-improved multifamily opportunity with thoughtful interior and exterior updates already in place.

117 W 10th Street, Tempe

$1,625,000

6993853 MLS

Located just steps from one of the Valley's busiest commuter routes and adjacent to the vibrant campus of Arizona State University, Roosevelt Place (''the Property'') offers a differentiated multifamily opportunity highlighted by its refreshed exterior and high-end interior upgrades. Delivered in 1955, the asset is ideally situated to capture sustained demand generated by ASU's sizable student enrollment, along with the growing concentration of young professionals driving momentum in North Tempe and around Tempe Town Lake, each within a short one-mile distance. The scarcity of comparable boutique, garden-style communities in a submarket experiencing layered growth dynamics positions Roosevelt Place as a highly attractive acquisition prospect.

604 S Roosevelt Street, Tempe

$800,000

6987718 MLS

LOT + PLANS for 8 Unit Townhome Community! Includes plans 8 single family attached townhomes!! 5 Parcels included. Prime Development Opportunity on University Drive. Ideal for a Commercial Site or Possibly Multi-Family Use. Rare chance to acquire a 1/2-acre assemblage on University Drive in Tempe, comprising 5 APN numbers, all selling together. This property offers expansive development potential with convenient freeway access, just 5 minutes from ASU and 11 minutes from Sky Harbor Airport. Don't miss out on this prime opportunity in a rapidly growing area!

807 S George Drive, Tempe

$1,400,000

6978065 MLS

PRIME REDEVELOPMENT OPPORTUNITY IN DOWNTOWN TEMPE. SURROUNDED BY A COLLECTION OF HIGH-END COMMERCIAL/OFFICE DEVELOPMENTS, A BOUTIQUE HOTEL, AND TRENDY URBAN MULTI USE CONDOMINIUMS, THIS PROPERTY IS ONE OF THE LAST BEST INFILL LOCATIONS AVAILABLE FOR LONG TERM INVESTMENT GROWTH. THE 2 PARCELS ARE ALSO LOCATED IN TEMPE'S TRANSPORTATION OVERLAY DISTRICT, ALLOWING ADDITIONAL DEVELOPMENT OPTIONS NOT FOUND IN OTHER R3 ZONED CITY NEIGHBORHOODS. IN ADDITION, THE EXISTING 8 RENTAL UNITS ARE 100% OCCUPIED OFFERING IMMEDIATE CASH FLOW DURING THE PLANNING PROCESS.

508 S Farmer Avenue, Tempe

$700,000

6974899 MLS

Turnkey duplex offered as part of a five-unit residential compound across two adjacent parcels in central Tempe. The duplex features two 2-bedroom/1-bath units with functional layouts and strong long-term rental appeal. The property has been fully renovated, including new HVAC, new roof, new electrical panels, new windows, and updated interiors throughout, offering stable operations and minimal near-term capital needs. Directly adjacent to 1244 N Rose St, which includes three additional units. Together, the parcels operate as a single five-unit investment opportunity. Seller strongly prefers a concurrent sale of both parcels, though parcels are listed separately. Site may offer future development upside. Buyer to verify zoning, density, and development feasibility independently.

1248 E Harry Street, Tempe

$1,035,000

6974014 MLS

Looking to start the year off with a great investment opportunity or to house hack in one of the city's strongest rental markets? Look no further than 1224 S Smith Rd. This well-located 4-plex sits in a high-demand rental corridor minutes from ASU, light rail, downtown Tempe, major freeways, and employment hubs. Surrounded by major education, transportation, and lifestyle anchors that drive consistent tenant demand year-round. With strong tenant demand, low vacancy risk, and value-add upside through rental optimization makes this a rare opportunity in one of Tempe's most desirable investment locations.

1224 S Smith Road, Tempe

$2,400,000

6971303 MLS

Incomplete development with 4 Townhomes constructed; 3 bedrooms-2 shared closets, 4 baths 2 garage each AND 6 undeveloped lots. BULK SALE ONLY, no individual sales. APN 124-32-166,167,168,169,170,171,172,173,174,175,176 OPPORTUNITY ZONE, tax implications? GEOID 04013318800 DESIGNATED QOZ ARIZONA MARICOPA COUNTY

323 S Roosevelt Street Unit 1001, Tempe

$1,400,000

6969635 MLS

Bulk sale of 8 condos. No individual unit sales Building A units 101, 103, 201, 203 Building F units 118, 119, 218, 220. 223/mo hoa per unit = $2,676/unit/yr OPPORTUNITY ZONE, tax implications? GEOID 04013318800 DESIGNATED QOZ ARIZONA MARICOPA COUNTY

510 W University Drive Unit 118, Tempe

$675,000

6964846 MLS

Prime Tempe location within easy walking distance to the Tempe Center for the Arts and Tempe Town Lake, and just one mile from Arizona State University. This well-maintained 4-unit property offers a total of 1,927 square feet and strong rental appeal in one of Tempe's most desirable areas. Each unit features a functional kitchen-living room combo, 1 bedroom, and 1 full bath. The two north units include washer and dryer hookups. Bonus! A conceptual site plan to create a second floor addition has been developed for future expansion. A narrative has been included detailing the project , site plans are available as well. The property is masonry block construction with synthetic stucco exterior, offering durability and low maintenance. Tenants enjoy easy access and an onsite concrete parking lot with six parking spaces, a valuable amenity in this high-demand location. A complete remodel in 2012 updated all units with modern finishes, including porcelain tile flooring, baseboards, shower surrounds, and tile wainscot in all bathrooms. Kitchens were upgraded with granite countertops, European-style melamine cabinetry, black appliances (refrigerators, smooth-top stoves, and microwaves). Additional improvements include new interior doors, hardware, jambs, trim, wood window casing, double-pane aluminum windows throughout, updated electrical panels, track and recessed lighting, ceiling fans, and coaxial wiring in every room for internet connectivity. Contemporary metal corrugated siding accents the roof screen and mechanical room. An exceptional opportunity to own a turnkey, upgraded multi-family asset in a walkable, high-demand Tempe location near arts, recreation, and ASU. October 25, 2019 City of Tempe Planning department 31 E. 5th St. Tempe, AZ 85281 RE: 105 S. Hardy Description of change The subject property currently is a single story low sloped roof of exterior block, stucco, 4 unit building. Existing is one bedroom, one bath and one small kitchen per unit. New construction will be adding a second floor with a new common wall running the entire length and height of the building north to south to divide the building into two distinct units. Each unit of the new second floor above the existing single story building will contain one large great room, one bedroom , new kitchen and one bath on the second floor in each unit. The lower level of each unit of the duplex will contain 3 bedrooms,1 bath, a common area and a laundry area. The provided parking of 6 spaces is sufficient standards for the new use. The footprint of the lower building will remain the same with the exception of the new cantilevered deck to the north and slight addition of 6 second floor posts steel posts to the east and west. The existing sidewalks, west site wall, north paver patio area, concrete parking area, mature landscaping with several large trees and the existing grades will remain intact. One new sidewalk will be added along the west side to gain access to the newly created west facing door. Lower level of tannish sand finish stucco over the current first floor exterior block walls will remain as is in selected places. The current mill finish aluminum window sizes will be duplicated above on the second floor as to provide continuity. The exterior cladding will be a combination of a Fabral Cocoa Brown vertical metal siding along with delineated sections of horizontal galvalum interspersed below the window sections. The roof will consist of metal roof of a galvalum finish. The exterior soffit andfascia will be the galvalum color. The building will be fairly maintained free as it will have all prefinshed metal. Please let me know if I may provide any more information. Thank you. Glenn Odegard Nordic Properties, LLC Nordic Builders, Inc. Lic. 160685 KB-01

105 S Hardy Drive, Tempe

$1,125,000

6960414 MLS

Price Drop $95,000!! Turnkey 5-Unit Investment Near ASU & Old Town Scottsdale. Fully renovated in 2019 with near-zero vacancy in a high-demand rental market. Unit mix includes four 2BD/1BA units and one 1BD/1BA unit, each featuring updated interiors, vinyl flooring, modern cabinetry, granite countertops, dual-pane windows, new A/C systems, and upgraded security doors. Large private gated patios enhance tenant appeal. Low-maintenance asset offering stable cash flow and long-term appreciation potential.

1231 N Oleander Street, Tempe

$710,000

6956838 MLS

Conveniently located in the heart of Tempe near ASU, this property delivers a rare and powerful investment opportunity with multiple income streams. The main home features 3 bedrooms, 2 bathrooms, and a 2 car garage, while TWO separate 2 bedroom 1 bath rental units provide dependable monthly income. You can rent all three units to maximize cash flow or live in the main home while collecting income from the rentals. Tempe's strong rental demand, large student population, and steady need for long term housing make this an exceptional investment. Sitting on a desirable corner lot with a private pool, easy freeway access, and a large park directly across the street, this property blends convenience, lifestyle, and long term profitability in one standout package.

3673 S Roosevelt Street, Tempe

$1,375,000

6950797 MLS

Rare opportunity to purchase a R-4 (High Density) zoned multi family land and homes with frontage on Spence Ave in the heart of ASU campus. Listing included two residential houses, next to each out, zoned for high density multifamily. Nestled in a robust infill Arizona State location, this property is a beacon for savvy investors seeking unparalleled opportunities. Walk to Campus. Unmatched demographics include over 350,000 population count within a five-mile radius. Parcel numbers 133-09-045 and 133-09-055 **Buyer to verify all facts, figures, schools & measurements**

1229 E Spence Avenue, Tempe

$2,450,000

6924208 MLS

Rare Investment Opportunity in Prime Tempe Location! Don't miss this incredible chance to own four beautifully remodeled patio homes on one lot in the heart of the Maple & Ash Historic District—just steps from ASU's main campus! This turnkey, multi-unit property includes: Three 2 bed / 1 bath units One 2 bed / 2 bath unit - Each home is thoughtfully updated and move-in ready, featuring: Modern kitchens with updated appliances In-unit washer/dryer Spacious covered patios Private, fenced yards Dedicated carports with additional storage Ample overflow parking in the back lot. Located just 1,200 feet from the iconic Frank Lloyd Wright-designed Gammage Theater, and only a 3-minute walk to ASU, this property sits in one of Tempe's most sought-after neighborhoods. Walk to Mill Avenue, Tempe Town Lake, and top local spots like Casey Moore's Oyster House, with quick access to Scottsdale, the airport, and multiple MLB spring training venues. Whether you're looking for a prime income-generating asset or a strategic location for future appreciation, this property checks all the boxes. **Check the documents tab for full details on renovations, upgrades, and individual unit features.

117 W 10th Street, Tempe

$1,610,000

6919748 MLS

Exceptional investment opportunity in this well-maintained 9-unit multifamily property! Conveniently located in a desirable, high-demand rental area of Tempe, ASU. This 9-plex features 8-1bedroom units and 1- studio with strong rental history and low vacancy. Each unit offers functional layouts, and 15 dedicated parking. All units have been tastefully updated attracting quality long-term tenants. The property sits on a generous lot with potential for future development (buyer to verify). On-site laundry, separate utility meters, This is a turnkey addition to any investor's portfolio. Easy access to transit, ASU, shopping, and major employment centers. Whether you're a seasoned investor or entering the multifamily market, this is a rare chance to acquire a stable, cash-flowing asset.

1218 S Farmer Avenue, Tempe

$915,000

6918217 MLS

Incredible and rare opportunity to own a newly rebuilt duplex in the heart of Tempe. Property was expanded to include 2 mirror image units (approx 1,800 sq ft each) with 3 bedrooms and 3 baths - all en suite! Each unit features vaulted ceilings in living areas and primary suite, wood plank tile throughout, individual laundry with tankless water heater, a private outdoor space, and off street parking. Large kitchens with custom cabinetry, center island, granite countertops, and stainless appliances. Spacious primary suites offer a luxurious bath featuring a walk-in shower, soaking tub, and walk-in closet. Proximity to ASU, Sky Harbor Airport, and freeways make it perfect opportunity for a savvy investor or an income stream for an owner occupant. See floor plan for layout details. Off street parking for 5 vehicles including 2 at the rear of the property off of the alley. Front bathroom is a walk-thru bath with access to both the front bedroom and living room. Both kitchens have an RO water filtration system. Free City of Tempe Orbit Shuttle to ASU campus and more drops off and picks up just outside the property for the ultimate in convenience.

1558 W 5th Street, Tempe

$1,250,000

6910328 MLS

2205-2211 S Mill Ave consists of an 8-unit apartment community and a 2,203 square foot building located in Tempe, AZ. The properties were originally constructed in 1959 (apartments) and 1974 (office) and sit on two separate lots measuring 10,064 each (20,128 sq. ft. total). They were previously master leased by a local non-profit organization at $17k/month on a NNN structure but are now currently vacant. Since the properties are separately parceled, they can be sold together as a portfolio or separately. 2205-2211 S Mill Ave presents an intriguing value-add opportunity, where new ownership can acquire either one or two well-located assets with significant upside through a similar master lease program or market rate tenants.

2205 S Mill Avenue, Tempe

$800,000

6905604 MLS

Prime Tempe 4-Plex - Great investment opportunity in a highly sought-after Tempe location! The property features two spacious 2-bedroom/1-bath units and two 1-bedroom/1-bath units, each with its own front patio. The one-bedroom units also enjoy private enclosed yards, perfect for added tenant appeal. Shared amenities include an on-site laundry room and rear parking. Nestled on a quiet, well-kept street with numerous remodeled homes, this property is just minutes from ASU campus, Carvana Headquarters, Phoenix Sky Harbor International Airport, the 202 freeway. With some long-term tenants already in place, there's significant upside potential for upgrades and market rent increases. Exceptional Value-Add Potential. Please do not disturb residents!

1301 W 3rd Street, Tempe

$2,375,000

6901363 MLS

Venture on Wilson is a fully renovated, 12-unit garden-style community ideally located in the heart of Tempe, just blocks from Mill Avenue, Tempe Beach Park, and the ASU campus. Originally constructed in 1960 and extensively updated in 2019, the property blends timeless architecture with thoughtful upgrades tailored to today's urban renter. The community features a desirable unit mix of (10) one-bedroom and (2) two-bedroom residences, each individually metered for electricity and equipped with in-unit washers and dryers. A central courtyard offers residents a private, shaded gathering space, while mature palm trees and native landscaping enhance the boutique appeal. Positioned just one block from the newly developed Whole Foods Market and walkable to restaurants, nightlife, and the light rail, Venture on Wilson offers both lifestyle convenience and long-term investment potential in one of Greater Phoenix's most resilient rental markets.

626 S Wilson Street, Tempe

$650,000

6898856 MLS

Don't miss this great opportunity to own a beautifully appointed 4-bedroom, 2-bathroom home with a GUEST HOUSE, 1-bedroom, 1-bathroom, full kitchen and separate laundry room. All within walking distance to Arizona State University and the vibrant shops, dining, and entertainment of Mill Avenue. Homes in this highly sought-after neighborhood rarely hit the market, especially this close to campus. Whether you're looking for a move-in-ready home with a FULLY PERMITTED GUEST HOUSE WITH ITS OWN ADDRESS or searching for a high-demand rental property with 2 separate units, this one is a must-see.

538 W 13th Street Unit A, Tempe

$827,000

6885871 MLS

Incredible Tempe investment opportunity! This fully leased, single story 4-plex features long-term, reliable tenants & has been professionally managed for years. All tenants are current on rent, some under market. Major updates, including roof and all AC units, were completed in 2018. Ideally located minutes from ASU, downtown Tempe, Tempe Town Lake, major freeways (Loop 202, 101 & I-10) and multiple bus lines. Quick access to top area employers like State Farm, ADP, Amazon, and Wells Fargo. Covered and uncovered parking at rear of property and shared laundry facility on site. Plus, room to add Tenant value with some interior and exterior cosmetic updates, reflected in list price. This property offers strong value in one of the Valley's most sought-after rental markets.

1321 W 5th Street, Tempe

$485,000

6884943 MLS

Do not disturb occupant in unit 1 (south side) 2 bedroom 2 bath units with side yard, double carport with storage area.

1312 N Harold Street, Tempe

$610,000

6884240 MLS

Great investment opportunity with this Tempe Triplex near ASU, located near Priest & University. This property has two large 2 bed/1 bath units, and one unit that is 3 bed/2 bath. Property is on a large lot. All units are individually metered for gas & electric, plus there is a shared laundry room. ** Do not disturb tenants**

1519 W 7th Place, Tempe

$570,000

6884237 MLS

Great investment opportunity with this Tempe Triplex by ASU, located near Priest & University. All are spacious 2 Bed/1 Bath units & the property is on a large lot. Units are individually metered for gas & electric, plus there is a shared laundry room. **Do not disturb tenants**

1513 W 7th Place, Tempe

$875,000

6882948 MLS

Value-add 5 unit multifamily community right across the street from Culdesac development in Tempe. (3) 2x1 Units at 600 SF, and (2) 1x1 Units at 550 SF. Please reach out with any questions.

2017 E Lemon Street, Tempe

$480,000

6881849 MLS

Investors Dream! A corner lot in the desirable Farmer Arts District near Downtown Tempe. 2 homes currently on property but true value is in the land and location. Front house is a 2 bed 1 bath with tenant in place. Rear is a studio unit with tenant in place.

404 W 11th Street, Tempe

$600,000

6861566 MLS

Duplex--Each is a Remodeled 2Bed/2Bath Apt at University/McClintock! Exterior inc assigned covered parking, a shared outdoor grill, a fire-pit, and storage rooms. Onsite shared laundry room. Apartments inc 2 bed, 2 ba, wood-textured flooring, ceiling fans, kitchen, and shared private backyard patio! Kitchen includes stainless steal fridge, dishwasher, stove. microwave, and beautiful cabinets and backsplash. Tenant pays a 1/2 share of water and their own electric. Located near ASU and Phoenix Rock Gym! Tenant occupied. Please do not disturb.

1118 S Mcclintock Drive, Tempe

$605,000

6846592 MLS

This duplex is beautifully renovated inside and out and is located in a prime Tempe location. Stunning interiors, immaculately designed with gorgeous white cabinets, quartz countertops, built-in appliances, recessed lighting, freshly painted with wood style vinyl flooring throughout. Large-sized bedrooms and pristine full bathrooms. New roof, a/c units and block walls. Sizable private backyards with open patios for entertaining. You will not find another duplex as perfect as this one!

1244 N Miller Road, Tempe

$650,000

6831131 MLS

Tenants will love this location, close enough to ASU to enjoy a quick bike or bus commute or they can take their car as each unit has 1 covered carport. Property also has 2 concrete slab parking spots with street parking available as well. Currently property is set up for tenants to pay their own electricity and landlord pays rest such as sewer/water/trash. Unit 1 is large with over 1400 sq feet, 2 bedroom, 2 bath, family room, living room, kitchen, and backyard access. -Hey just an idea but maybe that unit can be converted to two 1 bedroom units with living room and kitchen, like unit 2 and unit 3, with proper inquiry and permits of course during due diligence. -Or maybe new owner can occupy one unit and rent out the other two, just an idea!

2106 S Granada Drive, Tempe

$1,025,000

6830355 MLS

Sold! Per MLS, this represents the highest sold price for a cash/conventional deal EVER (4 units). Prime location just blocks from Hayden-Ferry Landing, Mill/ASU, and a few minutes to Old Town Scottsdale. In an OZ. All 2 bedroom unit mix (822sf/unit). Stabilized at a 6 CAP. Long-term, local owners have pride of ownership. Many recent renovations to some units including plumbing, kitchens/baths, windows, roof, etc. Classic features to value-add further. Excellent rents in place with mostly flexible month-to-month leases. The complex offers more amenities than the competition, including carport parking, fenced front yards with private back patios, individual laundry/storage rooms, gorgeous desert landscaping, and a pretty central courtyard. More like homes than apartments.

1320-1312 W 5th Street, Tempe

$480,000

6826010 MLS

Great investment opportunity in Tempe! This duplex, built in 1958, sits on a 7,880 sqft lot and features two spacious 952 sqft units, each with 2 bedrooms and 1 bathroom. Perfect for investors or owner-occupants looking for rental income. The property offers ample lot space and is conveniently located near shopping, dining, and freeway access. Don't miss this chance to own a versatile income-producing property in a prime location!

1259 E Tempe Drive, Tempe

$840,000

6819034 MLS

1217 W Southern Ave is a 4-unit multifamily community located in the West Tempe Submarket of Tempe, AZ. This asset is strategically positioned within close proximity to the ASU Tempe campus, and features 100% two-bedroom, 1 bathroom floorplans averaging approximately 750 sq. ft. The building underwent a significant renovation in 2017 and has a new roof along with on-site laundry and storage. Each unit features fully renovated interiors and a gated patio area, with a current average rent of $1,738/month. This is a unique opportunity to acquire a turn-key asset located in a highly desirable location.

1217 W Southern Avenue, Tempe

$475,000

6817231 MLS

Great income property for sale! This single-level duplex has such upside potential for rent and very high demand. Each unit includes 2 bedrooms, 1 bathroom, covered parking, tile flooring, and inside laundry. Recent updates include a new hot water heater (2024), newer HVAC units (2020, 2022), and a replaced sewer line connecting to the city. The fenced backyard features a covered patio, storage, and low-maintenance pavers with desert landscaping. Centrally located in Tempe near ASU, Sky Harbor Airport, shopping, dining, entertainment, and public transportation.

1552 W 5th Street, Tempe

$580,000

6813853 MLS

Opportunity knocks in one of the most sought-after areas of the Valley! This beautifully remodeled duplex offers two identical 2-bedroom, 1-bathroom units, each thoughtfully upgraded with oak luxury vinyl plank flooring and brand-new kitchens featuring sleek finishes. Nestled just minutes from Old Town Scottsdale, Tempe Town Lake, and quick access to the 101 & 202 freeways, this property is a rare find for both investors and owner-occupants alike. The true standout? The lush, meticulously designed landscaping, creating a serene and inviting atmosphere that sets this property apart. Whether you're looking to house-hack, add a premium rental to your portfolio, or enjoy a turnkey investment in a prime location, this duplex delivers. Don't miss this exceptional opportunity

1031 N Harold Street, Tempe

$539,000

6810201 MLS

This centrally-located duplex was thoroughly remodeled in 2022 and is ready for you to place your ideal tenants! With Tempe Town Lake, ASU, the 101 and 202 freeways, Sky Harbor Airpot, and Old Town Scottsdale just minutes away, the convenience of this location cannot be overstated. Additionally, the property's comprehensive renovation included plumbing updates, HVAC units, and roofing to properly prepare these units for long-term success.

1127 N Harold Street, Tempe

$732,000

6808275 MLS

''INVESTMENT OPPORTUNITY ALERT! LOCATION ! This incredible property in Tempe is walking distance to ASU, restaurants, hospital & more! The property lot is a duplex and contains 2 address which are 1136 E Spence Ave Tempe AZ 85281 and 1346 S Terrace Rd Tempe Arizona 85281

1136 E Spence Avenue, Tempe

$589,000

6788171 MLS

Beautiful remodeled duplex in Tempe, perfect for investors looking for a turnkey property in a prime location. This stunning property features 2 bed 1 bath units. The interior of both sides of duplex have been completely renovated with modern finishes, including new flooring, fresh paint, and updated fixtures throughout. The kitchens have been updated with new quartz countertops, and newer appliances. The bathrooms have also been remodeled with new vanities, toilets, and tiled showers. Large Backyards featuring turf and a built in fire pit with pavers. Located in the heart of Tempe, this duplex is just minutes away from Arizona State University, Tempe Town Lake, and numerous shopping and dining options. Would make great long or short term rental!

932 E Tempe Drive, Tempe

$725,000

6766239 MLS

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!!!

1327 W 4th Street, Tempe

$375,001

6765575 MLS

Great investment opportunity with this 1962-built duplex in Phoenix! Each unit is approximately 672 sq. ft. and features 2 bedrooms and 1 bath, offering a cozy, functional layout perfect for tenants or owner-occupiers. The property provides plenty of potential for updates or long-term rental income. Conveniently located near schools, shopping, dining, and public transportation, this duplex is situated in a desirable area with easy access to all the essentials. A fantastic opportunity for investors looking to expand their portfolio!

1970 E 10th Street, Tempe

$470,000

6761938 MLS

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. Both units are 2 bedrooms,1 bath, carport with private storage areas, both have units have fenced yards. Zoning is desirable R-2! Stated rents ($1,250/mo. per unit) and current market comps are $1,300-1,600/mo. per unit, but landlord hasn't raised rents to market value as tenants have been there 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. Separate electric meters for each unit. Owner will consider a Seller-Carry with 30% down for 3 years. Well maintained, remodeled just over a decade ago with low E windows, Trane ACs, roof, underground cast iron plumbing replaced, and more. 2018: - roof was completely redone. 2024 Improvements: Aug - entire roof was recoated with Elastomeric. Sept - new Trane AC, front unit #1. Dec - new interior paint including cabinets, all new door hardware/hinges, bathroom hardware (Brushed Nickel), lighting, rear door. Exterior painting. There is potential opportunity to add more sf to increase rents etc., on unit #2, buyer to verify with city of Tempe. 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 #6529794, $545,000 1010 E HENRY ST, Tempe, MLS #6547427, $ 599,000 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!

1127 E Weber Drive, Tempe

$829,000

6752006 MLS

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. Two units has been updated with a new kitchen, flooring, lighting, and AC.Drive By Only.

1973 E 10th Street, Tempe

$675,000

6748206 MLS

Charming 3-Unit Property in Downtown Tempe Prime Location: Nestled on a secluded street near Mill Avenue, this property offers the perfect blend of tranquility and urban convenience. Investment Opportunity: Situated in the heart of Downtown Tempe, this 3-unit property is a stone's throw away from Tempe Town Lake, the Light Rail Station, and the Trolley Car. Enjoy the vibrant activities of Downtown Tempe and the bustling Arizona State University campus. Property Features: Three One-Bedroom Units: Each unit boasts a ranch-style layout with upgraded kitchens, two skylights, and individual washers and dryers. Modern Amenities: Equipped with tankless water heaters, a new roof 8/24, and new air conditioning units 8/24. Long-Term Tenants: Residents typically stay for over five years, but the current one-year leases allow for a month-to-month option, making it ideal for an owner-occupant. Additional Opportunity: This property can be purchased together with the identical triplex next door at 509 West 2nd Street, creating a 6-unit package. Don't miss out on this unique investment opportunity in one of Tempe's most sought-after locations! Ready for FHA owner occupant, Seller willing to assist/negotiate with buyer closing cost.

515 W 2nd Street, Tempe

$820,000

6740390 MLS

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. New roof by close of escrow.

405 S Priest Drive S, Tempe

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