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Four-Unit Multifamily Property
For Sale
$2,450,000

115 W 10th St, Tempe, AZ 85281

R-2 property with updated interiors, private outdoor areas, and covered parking near Arizona State University.

Property Size3,760 SF
Lot Size0.35 Acres
Price / SF$651.60
Days on Market188

Property Features for 115 W 10th St

General Information

Standard status Active
Size 3,760 SF
Total Parking Spaces 16
Lot size 0.35 Acres
Zoning R-2

Units

Unit Mix 3 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units 4

Amenities

in-unit washer/dryer
covered patios
private fenced yards
Listing Agency: eXp Commercial
Listed By: Brett Skotnick · License #SA695220000
Source: Expcommercial
Added: Feb 24 Changed: Aug 30 Last Checked: Aug 30 at 3:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial

Investment Insights

Based on property information with market context.

This four-unit multifamily property contains 3,760 SF across four 940 SF residences. The unit mix includes three two-bedroom, one-bath homes and one two-bedroom, two-bath home. Interior features include updated kitchens with modern appliances and in-unit washers and dryers, while covered patios and private fenced yards extend each residence’s usable space. Individually metered electric service is also in place.

The property occupies approximately 15,182 SF of land and provides 16 parking spaces, including four covered carports and 12 uncovered spaces. Zoned R-2 (Multi-Family), the site is approximately 1,200 feet from ASU Gammage and within walking distance of Arizona State University facilities. The Mill Avenue District, Tempe Town Lake, dining, retail, and entertainment are also nearby.

Key Highlights

  • Four units totaling 3,760 SF, with each residence measuring 940 SF
  • Unit mix includes three 2 Bed / 1 Bath units and one 2 Bed / 2 Bath unit
  • 16 total parking spaces, including 4 covered carports and 12 uncovered spaces

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Acupuncture Electrical Service Pet Grooming Service Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

2,087
Businesses Nearby

Demographics for 85281, AZ

69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - R-2 property with updated interiors, private outdoor areas, and covered parking near Arizona State University.
Where is this quadplex located?
The property is located at 115 W 10th St Tempe, AZ.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Four units totaling 3,760 SF, with each residence measuring 940 SF; Unit mix includes three 2 Bed / 1 Bath units and one 2 Bed / 2 Bath unit; 16 total parking spaces, including 4 covered carports and 12 uncovered spaces
More about this property
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