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$799,000
4 Beds ⋅ 2 Baths ⋅ 7082673 MLS
Unique Tempe INVESTMENT Opportunity on approx. 11,032 SF Zoned R-3 lot. Property includes two separate residences on one parcel. Front/East residence features 2 bedrooms and 1 bath and approx. 1,048 sq ft. Back/West residence features 2 bedrooms, 1 bath and approx. 1,048 sq ft. Both are tenant-occupied, producing $2,500 combined monthly rent. Each home has separate APS electric, City of Tempe water, and Southwest Gas meters. New Roof Aug 2026. County records identify the property as a Multiple Family Residence. ,Close to ASU, Downtown Tempe, shopping, dining, and major highways. Pair with adjoining parcel at 815 S Roosevelt St to assemble approx. 22,024 SF for possible Multi-Unit Redevelopment. All information deemed important to be verified by buyer or buyer's agent.

816 S Wilson Street S, Tempe

Courtesy of Realty ONE Group. 602-953-4000

$779,000
4 Beds ⋅ 2 Baths ⋅ 7080690 MLS
NOT YOUR TYPICAL DUPLEX! This TURNKEY, REMODELED income property offers two private 2 bed/1 bath units that live like single-family homes! Each has its own street frontage, private carport with 2-car paver driveway, & a well-designed floorplan with a large living area, spacious bedrooms, private laundry & fenced yard. Both interiors have been extensively updated with NEW modern kitchens featuring quartz counters & stainless appliances, luxury vinyl flooring, beautifully updated baths & designer fixtures/finishes throughout. One unit is leased at $2,000/mo with the second offered at $2,250/mo - POTENTIAL GROSS INCOME OF $51,000/YEAR! Perfect for an investor OR owner-occupant looking to offset their payment with rental income. Prime Tempe location minutes from ASU, Downtown Tempe & Mill Ave.

2044 S Forest Avenue, Tempe

Courtesy of My Home Group Real Estate. 480-685-2760

$725,000
4 Beds ⋅ 4 Baths ⋅ 7071735 MLS
Four on Mariana is a well-maintained four-unit residential investment property located in central Tempe, Arizona. The property consists of four 1- bedroom/1-bathroom units, each approximately 480 SF (1,920 SF total), situated on the end lot of a cul-de-sac with four covered parking spaces and a seller-owned coin laundry on-site. The location is a key asset -- within walking distance of the Arizona State University Tempe campus and minutes from the Novus Innovation Corridor and major highways, driving consistent tenant demand and historically low vacancy. Tenants enjoy exceptional connectivity with minutes-away access to major highways. This is not just a stable investment, it's an opportunity for growth. Current market analysis indiscated room to increase rents allowing for larger re

908 S Mariana Street, Tempe

Courtesy of Get Multifamily. 480-795-7938

$625,000
3 Beds ⋅ 2 Baths ⋅ 7068512 MLS
Great Premium location, one block from ASU, Huge lot with room to expand, add square footage, or add ADU's, lots of potential. Zoned for multi family, with lots of developments in the area, walking distant to restaurants, stores, stadium and ASU. Property is currently leased with below market rates (month to month) because it needs renovations. Lots of upside potential with the rents. The price reflects the needed renovations. Can view property only after an accepted offer and proof of funds. PROPERTY IS ''AS IS'' CONDITION AND NO REPAIRS

1433 S Jentilly Lane, Tempe

Courtesy of HomeSmart. 602-230-7600

$650,000
2 Beds ⋅ 4 Baths ⋅ 7065156 MLS
Exceptional investment opportunity in the heart of Tempe. Beautifully remodeled duplex offers an ideal location just minutes from ASU, shopping, dining, entertainment and major transportation. Each unit features one bedroom and one bathroom with a completely remodeled interior creating a fresh, modern and move in ready living space. Both units include all appliances, making them attractive to students, professionas or long term tenants. Eash side has carport exterior storage, additional storage space, ability to install a washer and dryer adding another desirable amenity for future tenants. With its prime Tempe location by ASU, completely renewed, its an excellent opportunity for an investor. Duplex has been non smoking Please use WFG National Title property has a benef deed in place

625 W 12th Street, Tempe

Courtesy of RE/MAX Fine Properties. 480-792-9500

$650,000
3 Beds ⋅ 3 Baths ⋅ 7062358 MLS
Downtown Tempe Triplex. Genuinely close to Valley Metro Light Rail, Town Lake, Tempe Streetcar, and Arizona State University. Neighboring Mill Avenue dining, shopping, and entertainment. Well-cared-for, low-maintenance building that speaks to the rarity and desirability of a multifamily property in this location. New roof 2024; 2 new A/C units and 3 new tankless smart water heaters installed in 2026. Suitable for an investor or owner-occupants looking to live in one unit while generating rental income from the other two. Seller Will Consider buyer closing cost concessions.

509 W 2nd Street, Tempe

Courtesy of Congress Realty, Inc.. 888-881-4118

$749,999
6 Beds ⋅ 8 Baths ⋅ 7057410 MLS
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

Courtesy of Realty ONE Group. 480-321-8100

$750,000
4 Beds ⋅ 4 Baths ⋅ 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

Courtesy of Realty ONE Group. 602-953-4000

$899,000
8 Beds ⋅ 4 Baths ⋅ 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

Courtesy of Real Broker. 602-755-3415

$700,000
4 Beds ⋅ 8 Baths ⋅ 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

Courtesy of DeLex Realty. 602-910-3002

$1,000,000
8 Beds ⋅ 4 Baths ⋅ 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

Courtesy of Apex Residential. 602-290-4663

$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

Courtesy of RE/MAX Excalibur. 480-612-7475 Selling Office: Resident Arizona.

$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

Courtesy of MMRE Advisors. pm@mmreadvisors.com Selling Office: Orion Investment Real Estate.

$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

Courtesy of Limitless Real Estate. 480-381-7401 Selling Office: HomeSmart.

$1,299,000
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

Courtesy of Realty ONE Group. 623-236-1414

$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

Courtesy of HomeSmart. 602-230-7600 Selling Office: West USA Realty.

$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

Courtesy of Real Broker. 602-755-3415 Selling Office: Keller Williams Realty Phoenix.

$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

Courtesy of West USA Realty. 480-893-0600 Selling Office: HomeSmart.

$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

Courtesy of Desert Dimensions Properties. 480-270-5355 Selling Office: West USA Realty.

$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

Courtesy of RE/MAX Excalibur. 480-612-7475 Selling Office: SRL Group.

$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

Courtesy of Realty ONE Group. 480-315-1240 Selling Office: HomeSmart.

$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

Courtesy of Realty ONE Group. 480-315-1240 Selling Office: HomeSmart.

$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

Courtesy of eXp Realty. 888-897-7821 Selling Office: AZ Brokerage Holdings, LLC.

$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

Courtesy of Market Edge Realty, LLC. 480-382-9681 Selling Office: RHP Real Estate.

$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

Courtesy of Canyon Ridge Realty, L.L.C.. 480-577-5252 Selling Office: Schreiner Realty.

$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

Courtesy of Valley Views RE. 480-688-0915 Selling Office: HomeSmart.

$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

Courtesy of Better Homes & Gardens Real Estate SJ Fowler. 480-649-3536 Selling Office: West USA Realty.

$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

Courtesy of Real Broker. 602-755-3415 Selling Office: ProSmart Realty.

$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

Courtesy of Matthews Real Estate Investment Services. 310-388-0788 Selling Office: Wise Realty AZ.

$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

Courtesy of My Home Group Real Estate. 480-685-2760 Selling Office: DeLex Realty.

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