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    Tempe, AZ Apartment Buildings for Sale

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    Tempe Garden-Style Apartment Complex
    Updated: Feb 18
    Tempe Garden-Style Apartment Complex

    425,427 W 5th Street, Tempe, AZ 85281

    $1,700,000
    4,414 sqft 0.39 AC lot
    10‑plex garden‑style multifamily property in Tempe’s Orth Subdivision
    Unit mix includes 8 studios (~388 SF), 1/1 (~550 SF), and 1/2‑bed (~750 SF)
    Block construction with years built noted as 1957 and 1963
    Central A/C and electric forced‑air heating
    Public water source
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    Five-Unit Apartment Building
    Updated: Aug 8
    Five-Unit Apartment Building

    2214 South Granada Drive, Tempe, AZ 85282

    $1,500,000
    3,250 sqft
    Five two‑bedroom apartment units within a 3,250 SF building
    Washer and dryer provided in every unit
    Private patio included with each residence
    Individually metered property
    Block construction; built in 1958
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    Renovated Tempe Multifamily Investment Opportunity
    Renovated Tempe Multifamily Investment Opportunity

    1219 South Farmer Avenue, Tempe, AZ 85281

    $1,420,000
    3,500 sqft

    Multifamily property with recent renovations in Tempe, Arizona.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Garden-Style 10-Plex Apartment Building
    Garden-Style 10-Plex Apartment Building

    425,427 W 5th Street, Tempe, AZ 85281

    $1,700,000
    4,414 sqft

    Garden-style 10-plex with studio, one- and two-bedroom units, block construction from 1957 and 1963.

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    Garden-Style 10-Plex Near ASU
    Garden-Style 10-Plex Near ASU

    427 W 5th St, Tempe, AZ 85281

    Contact for pricing
    4,414 sqft

    Tempe 10-unit multifamily property, reposition opportunity, near ASU campus.

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    5-Unit Apartment Building
    5-Unit Apartment Building

    1231 N OLEANDER Street, Tempe, AZ 85288

    $1,200,000

    Renovated multifamily property with updated interiors, private gated patios, and a mix of one- and two-bedroom residences.

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    Renovated Apartment Building
    Renovated Apartment Building

    1700 South College Avenue, Tempe, AZ 85281

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    Multifamily community with upgraded residences, swimming pools, fitness amenities, and student-oriented floor plans near Arizona State University.

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    11-Unit Apartment Community
    11-Unit Apartment Community

    55 W Thomas Ln, Tempe, AZ 85281

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    All residences offer three bedrooms, private outdoor space, and direct-access garages.

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    Renovated 14-Unit Apartment Building
    Renovated 14-Unit Apartment Building

    1825 East Don Carlos Avenue, Tempe, AZ 85281

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    Garden-style property with renovated interiors and single- and two-bedroom units.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    1019 E Tempe Dr, Tempe, AZ 85281

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    Established multifamily property with one-bedroom layouts and access to Tempe’s employment and academic corridor.

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    Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 10 Active listings in Tempe, AZ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Renovated Mixed-Use Apartment Building
    Renovated Mixed-Use Apartment Building

    4702 E Van Buren St, Phoenix, AZ 85008

    Contact for pricing

    Mixed-use property with studios, 1-bed units, a 2-bed unit, and a restaurant-leased retail space.

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    Six-Unit Residential Apartment Building
    Six-Unit Residential Apartment Building

    1410 N 50th St, Phoenix, AZ 85008

    Contact for pricing

    Six residential units are arranged in a 6-plex with covered rear parking on a large lot.

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    8-Unit Apartment Building
    8-Unit Apartment Building

    7309 E Belleview St, Scottsdale, AZ 85257

    Contact for pricing

    Four residences feature full renovations and in-suite laundry, while the remaining units have been maintained in operating condition.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    7121 E Wilshire Drive, Scottsdale, AZ 85257

    Contact for pricing

    Five residences offer three- and four-bedroom layouts, two-car garages, and patio decks.

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    Off-Market Properties in Tempe, AZ

    Consider similar Off-Market properties in Tempe, AZ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1321 5Th St
    Multifamily properties

    1321 5Th St, Tempe, AZ 85281

    Value Estimation by Request
    2,760 sqft
    View details
    1986 University Dr
    Restaurants

    1986 University Dr, Tempe, AZ 85288

    Value Estimation by Request
    1,278 sqft
    View details
    1217 Southern Ave
    Multifamily properties

    1217 Southern Ave, Tempe, AZ 85282

    Value Estimation by Request
    View details
    1106 Weber Dr
    Multifamily properties

    1106 Weber Dr, Tempe, AZ 85288

    Value Estimation by Request
    View details
    914 Kenwood Cir
    Multifamily properties

    914 Kenwood Cir, Tempe, AZ 85281

    Value Estimation by Request
    View details
    1827 Lemon St
    Multifamily properties

    1827 Lemon St, Tempe, AZ 85281

    Value Estimation by Request
    View details
    1610 College Ave
    Multifamily properties

    1610 College Ave, Tempe, AZ 85281

    Value Estimation by Request
    2,362 sqft
    View details

    Tempe, AZ Apartment Buildings Market Trends and Statistics

    Explore 17 apartment buildings for sale in Tempe, AZ, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 19,992 square feet of properties for sale, with an estimated market value of $7,520,000.

    Sale prices for two-family homes in Tempe, AZ start at $1,200,000, averaging $1,504,000, and reaching up to $1,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 192K
    Population Growth (5Y) +0.9%
    Median Household Income $79,956
    College Educated 32.7%

    High-Yield Neighborhoods for Investment

    Identify Tempe submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    85282 $1.5M
    85281 $1.8M

    Taxes & Financing

    Tax Rate (average for all types) 5.89%
    Property Tax per SF $77.06 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Maricopa County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Tempe fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Tempe, AZ

    • 85281
    • 85282
    • 85288

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