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$769,999
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
$730,000
3 Beds ⋅ 4 Baths ⋅ 7052053 MLS ⋅ 2,591 SqFt.
Wonderful home in sought-after Tempe neighborhood! You are greeted by mature, shade-giving trees and an inviting, private courtyard that sets a welcoming tone. Inside, this residence boasts comfortable living spaces and well-appointed kitchens & formal dining area perfectly suited for culinary creativity. The home features generously sized bedrooms, offering a peaceful retreat, and a backyard designed for enchanting, relaxing evenings which includes an outdoor gas fireplace. Property includes 1 bedroom Casita and studio apartment. Ample parking in front and back of house. Bring all your toys!! Whether you are looking for a smart addition to your portfolio or a wonderful place to call home, this is an opportunity you won't want to miss! Close to ASU and downtown Tempe.

1222 S Wilson Street, Tempe
$750,000
1 Baths ⋅ 7046256 MLS ⋅ 1,620 SqFt.
Fourplex with 4 studio apartments available as an investment or owner-occupied income producing property! Very few buildings become available in this area, making it a great opportunity to expand your portfolio! This home can qualify with an FHA or VA loan for any owner looking to move in and offset their mortgage costs by renting out the other 3 units! Build equity while reducing your living costs! All 4 units have been meticulously maintained by this owner and updated throughout the years. Each unit has a wall AC/Heat system, Refrigerator and Gas Stove. Water and Gas are metered all together, APS meters each unit separately. Looking to help an ASU student as an alternative to the student housing, while maintaining cash flow? This is a win!

1033 S Mariana Street, 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
$739,000
5 Beds ⋅ 4 Baths ⋅ 7031636 MLS ⋅ 3,105 SqFt.
Reduced by $56,000!! Custom-built Mortensen basement home in the heart of Tempe featuring 5 bedrooms, a great room, 3.5 baths, and 3,100 sq ft of living space. THE LOWEST PRICED 3,000+ SQFT HOME IN ALL OF TEMPE! Built with quality 2x6 framing, dual-pane windows, sound batt insulation, and 9-ft ceilings for comfort and quiet living. Features include dual Trane AC systems, concrete tile roof, oversized garage with workbench and utility sink, RV gate, extended driveway parking, water softener, and a newer Tuff Shed for extra storage. Conveniently located near ASU, Mill Ave, Tempe Town Lake, Sky Harbor Airport, and major freeways. No HOA!

1365 W 12th Place, Tempe
$795,000
3 Beds ⋅ 1 Baths ⋅ 7029919 MLS ⋅ 1,000 SqFt.
Do NOT disturb tenants, drive-by Only! RARE opportunity to own a property just a few blocks away from Mill Ave! Located on one of the best streets - 5th St! Great R3 zoning! Large 8,300+ sf lot! New construction abounds! Urban infill at its best! - there is a new 50m+ upscale mid-rise project directly across the street that is just being completed! And less than 100 yards to the east is Farmer Ave, where hundreds of millions have been spent on a variety of commercial, multifamily, and mixed used developments, including the new Westin Vib hotel! Only a block to the Tempe Streetcar, which connects to the Light Rail, which is less than 2 min away! Walk to ASU, Mill Ave, Tempe Town Lake and more! This is a GREAT AREA!! R-3 ZONING, large/deep lot!! Perfect location for new condos/townhomes etc. Zoning should allow for 3 units but check with city as owner/agent makes no guarantees. Imagine the views from the 3rd floor rooftop balconies of the West 5 towers and the Tempe skyline, plus the mountain views!! Drive by only, do not disturb the tenants, Thx

421 W 5th Street, Tempe
$789,900
4 Beds ⋅ 2 Baths ⋅ 7028677 MLS ⋅ 2,673 SqFt.
Beautifully remodeled home in a prime Tempe location. Close to shopping, dining and Arizona State University! This spacious home features an open concept layout perfect for entertaining and everyday living. Stylish updates throughout this home make this home truly move-in ready. Don't miss this incredible opportunity to own a stunning home in the heart of Tempe!

315 E Encanto Drive, 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
$770,000
5 Beds ⋅ 4 Baths ⋅ 6963212 MLS ⋅ 2,622 SqFt.
ATTENTION ASU BUYERS & INVESTORS: Rare investment or premier student co-living asset located in the heart of Tempe's historic, highly sought-after Maple-Ash neighborhood. Stop paying rent! This fully upgraded, high-occupancy 5-bedroom plus den, 4-bath footprint offers an unbeatable layout for maximum space and effortless luxury student living. Steps from ASU Campus, Mill Avenue, Whole Foods, and the Light Rail, a true car-free urban convenience in a neighborhood. Spanning a rare two-story layout plus a fully finished, light-filled basement, the interior boasts modern luxury vinyl plank flooring, fresh neutral paint, granite kitchen countertops, stainless appliances, and quartz vanities. The main level features a massive open great room perfect for gathering, an updated kitchen, and a private bedroom with an ensuite bath. The upper level hosts three spacious bedrooms and two full baths, while the basement adds two more bedrooms, a full bath, and a massive media room equipped with a projector and surround sound capability. The low-maintenance exterior features a charming old-style front patio with mature trees, a cobblestone courtyard, and a private backyard with premium artificial turf and a BBQ area. Includes refrigerator, washer/dryer, and a 1-car garage equipped with a Tesla EV charger. Minutes to Sky Harbor Airport and major tech employers. Clean, turn-key, and ready for the upcoming Fall semester.

942 S Ash Avenue Unit 103, Tempe
$795,000
3 Beds ⋅ 2 Baths ⋅ 6960846 MLS ⋅ 1,753 SqFt.
Nestled in one of the most desirable neighborhoods. This bungalow has timeless architecture in a prime location, blocks from ASU. Lush landscaping on a generous lot w/flood irrigation. Main home 1,114 sf, guest space 621sf. Arched doorways & niches showcase the architecture, real wood floors add style. Natural light floods the space through the bay window , creating an inviting atmosphere. The separate guest space is versatile-perfect for family, office, studio. This University Park gem is not just a home; it's a lifestyle. Experience the best of Tempe living, where academic excellence, cultural & entertainment converge steps from your front door. Fully Remodeled in both spaces leave nothing to be done!

1426 S Grandview Drive, Tempe

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