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5-Unit Apartment Building
For Sale
$1,200,000

1231 N OLEANDER Street, Tempe, AZ 85288

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

Property SizeContact for details
Days on Market251

Property Features for 1231 N OLEANDER Street

General Information

Standard status Active
Property subtype Multi Family

Units

Unit Mix 4 x 2BD/1BA, 1 x 1BD/1BA
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $1,363

Amenities

private gated patios

Building Details

Year Built 1958
Year Renovated 2019
Listing Agency: Midland Real Estate Alliance
Listed By: Dalen M Linnerson · License #SA653841000
Source: Exitrealty
Added: Dec 23, 2025 Changed: Aug 30 Last Checked: Aug 30 at 10:59PM

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 Midland Real Estate Alliance

Investment Insights

Based on property information with market context.

This five-unit apartment property was renovated in 2019 and includes four two-bedroom, one-bath units plus one one-bedroom, one-bath unit. Interior improvements include vinyl flooring, contemporary cabinetry, granite countertops, dual-pane windows, updated air-conditioning systems, and upgraded security doors. Each residence also offers a private gated patio.

The property is located on N Oleander Street in Tempe, near Arizona State University and Old Town Scottsdale. The unit mix and completed improvements provide a defined multifamily configuration with refreshed residential finishes and outdoor space for each unit.

Key Highlights

  • Five‑unit apartment property renovated in 2019
  • Unit mix includes four 2BD/1BA units and one 1BD/1BA unit
  • Updated finishes include vinyl flooring, cabinetry, and granite countertops

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Pharmacy Law Firm Daycare Center Carpet & Flooring Store Locksmith

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

838
Businesses Nearby

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Apartment building - Renovated multifamily property with updated interiors, private gated patios, and a mix of one- and two-bedroom residences.
Where is this apartment building located?
The property is located at 1231 N OLEANDER Street Tempe, AZ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Five‑unit apartment property renovated in 2019; Unit mix includes four 2BD/1BA units and one 1BD/1BA unit; Updated finishes include vinyl flooring, cabinetry, and granite countertops
More about this property
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