Courtesy: Marcus & Millichap
602-687-6700
Marcus & Millichap has been retained as the exclusive listing agent for the sale of Courtyard on Mill, an eight-unit, fully renovated, gated multifamily community on Mill Avenue in Tempe, Arizona, one mile south of Arizona State University. Every unit was renovated and re-leased in 2026 on new 12-month terms, and 77.27% of scheduled rent is paid through HOM Inc. and Section 8 housing-assistance contracts. A buyer acquires a turnkey asset with durable income, no near-term rollover and no deferred capital plan -- at $237,375 per unit, below every renovated multifamily sale in the Tempe and South Scottsdale comparable set and below the unrenovated five-plex two blocks away.
Courtesy: Realty ONE Group
602-953-4000
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.
Courtesy: My Home Group Real Estate
480-685-2760
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.
Courtesy: Coldwell Banker Commercial Realty
630-674-1600
Williams Heritage is a six-unit multifamily community located near Downtown Tempe and Arizona State University. The property comprises two adjacent, separately parceled, single- story triplex buildings situated on approximately 0.38 combined acres. The separate parcels offer the potential for residential financing, providing additional flexibility for qualified buyers. Williams Heritage is strategically located near Downtown Tempe, approximately 1.3 miles from Arizona State University's Tempe campus. The property provides convenient access to Mill Avenue, Tempe Town Lake, Marina Heights, the Novus Innovation Corridor and other major employment, education and entertainment destinations.
Courtesy: Get Multifamily
480-795-7938
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
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: eXp Realty
888-897-7821
Premier ASU Investment Opportunity -- renovated main house + detached ADU in process! Rare 11,000+ sqft lot minutes from Arizona State University. Ideal as a high-demand student rental, owner-occupied investment, or long-term hold. Move-in-ready 4BD/2BA main house w/ fresh paint & new flooring. New detached 1BD/1BA guest house--private entrance, full kitchen, stacked laundry--currently in process. Upgraded primary bath also underway. Projected combined rents $4,850-$5,450/mo; plans, timeline & rent analysis available on request. No HOA, detached garage + 6 spaces. Renderings depict completed construction. Cash & renovation-friendly financing welcome.
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: Realty ONE Group
602-953-4000
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.
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: 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: 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
Seller is offering concessions to assist the buyer with an interest rate buy down, depending on offer terms. 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.
