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Fully Renovated 3-Unit Triplex
For Sale
$950,000

1244 N Rose Street, Tempe, AZ 85288

MULTI_FAMILY - Tempe, AZ

Property SizeContact for details
Days on Market123

Property Features for 1244 N Rose Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-2
Appliances Built-In Range, Disposal, Refrigerator, Microwave, Washer/Dryer
Subdivision NORTH TEMPE 2
Elementary school Cecil Shamley School
Middle school Cecil Shamley School
High school Tempe High School
Elementary school district Tempe School District
Middle school district Tempe Union High School District
High school district Tempe Union High School District
Directions Heading South on Scottsdale Road, Turn left onto Weber Dr, then take a Right onto Scovel St. Take first right onto Harry and the property is on the corner of Harry & Rose.
Standard status Active
APN 132-13-051-A

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1581

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Multi Units, Central Air, Ceiling Fan(s)

Building Details

Year built 1969
Number of units 3
Flooring type Laminate, Vinyl, Tile - Ceramic
Building materials Wood Frame, Siding, Painted, Block
Roof type Foam, Composition
Listing Agency: Gentry Real Estate
Listed By: Brett Borinstein
Added: Apr 22 Changed: Aug 1 Last Checked: Aug 22 at 8:06AM
MLS# 7017730

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This fully renovated 3-unit income property is offered as a triplex with three total residences. The unit mix includes two 2-bedroom/1-bath units and one 3-bedroom/2-bath unit. Interior renovations are paired with extensive exterior and systems upgrades completed throughout, including new HVAC systems, new roofs, all new electrical panels, and new windows.

The property was built in 1969 and features central heating and central air across the units, along with ceiling fans. Flooring includes laminate, vinyl, and ceramic tile, and the home is served by public sewer. Construction materials include wood-frame construction with siding and painted exterior finishes, plus block components.

The triplex is adjacent to 1248 E Harry St, described as a separately parceled duplex. Together, both parcels function as a cohesive five-unit investment, and there is a strong preference for a concurrent sale of both parcels, though each parcel is offered individually. Buyers are encouraged to perform due diligence regarding any future development or density potential.

Key Highlights

  • R‑2 zoning for a fully renovated 3‑unit triplex built in 1969
  • Two 2‑bedroom/1‑bath units plus one 3‑bedroom/2‑bath unit
  • New HVAC systems and central air with ceiling fans

Property Analytics

Current Use

Eagle Nest Landscaping Landscaping

Suggested Use

Top Pick Dental Office Daycare Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Plumbing Service Electrical 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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

885
Businesses Nearby

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?
Triplex - Turnkey 3-unit income property with new HVAC, roof, electrical panels, windows, and renovated interiors under R-2 zoning.
Where is this triplex located?
The property is located at 1244 N Rose Street Tempe, AZ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: R‑2 zoning for a fully renovated 3‑unit triplex built in 1969; Two 2‑bedroom/1‑bath units plus one 3‑bedroom/2‑bath unit; New HVAC systems and central air with ceiling fans
More about this property
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