Courtesy: HomeSmart
602-230-7600
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
Courtesy: RE/MAX Fine Properties
480-792-9500
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
Courtesy: Congress Realty, Inc.
888-881-4118
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.
Courtesy: Realty ONE Group
480-321-8100
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.
Courtesy: Real Broker
602-755-3415
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!
Courtesy: R.O.I. Properties
602-319-1326
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.
Courtesy: Gentry Real Estate
480-750-9910
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.
Courtesy: HomeSmart
480-443-7400
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!
Courtesy: DeLex Realty
602-910-3002
*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.
Courtesy: Tradelands Realty
480-610-6833
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. 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!
Courtesy: Williams Luxury Homes
602-920-6297
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!
Courtesy: Apex Residential
602-290-4663
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.
Courtesy: Realty ONE Group
623-236-1414
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**
Tempe is located in Arizona. 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.
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.
