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: Tierra Antigua Realty, LLC
520-544-2335
Enjoy Pride of ownership of an experienced Garden-Style 10-Plex in Tempe's Orth Subdivision. Current ownership approx. 40 years. Just a short distance to the ASU Main Campus. Near the 202 Freeway, Sky Harbor Airport and many desirable Restaurants & Attractions. There are 8-Studios approx. 388 sq/ft, 1/1-Bed approx. 550 sq/ft & 1/2-Bed approx. 750 sq/ft. Block Construction 1957 & 1963. Desirable Reposition Opportunity. Additional Address; 511 S. Wilson St. Additional Tax Code: 124-33-007A -
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, while the second lease ends in May and may continue month-to-month at the new owner's discretion. 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 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!
Courtesy: eXp Realty
888-897-7821
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.
Courtesy: Marcus & Millichap
602-687-6700
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.
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: Gentry Real Estate
480-750-9910
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.
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**
Courtesy: eXp Realty
888-897-7821
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.
Courtesy: Civic Center Real Estate
602-291-2090
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.
Courtesy: Venture REI, LLC
480-409-9000
Incredible triplex in the heart of downtown Tempe—just a stone's throw from ASU! This well-maintained 1950 build sits on the corner of 13th & Farmer and includes two 2BR/1BA units (~900 sq ft each) and one ~600 sq ft studio. All three units are leased through July 2026, offering strong in-place cash flow. Updates include newer A/C units, a roof under 10 years old, and long-term ownership since 1996. Each unit has private access, with 410 W 13th featuring its own separate entrance. Prime walkable location near campus, Mill Ave, and Tempe Town Lake!
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.
