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Fully Renovated 4plex with 2-Bed Units
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504 W 2nd St, Tempe, AZ 85281

Fully renovated 4plex features four 2-bedroom, 1-bath units with new AC and updated finishes.

Property SizeContact for details
Days on Market124

Property Features for 504 W 2nd St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 4

Amenities

shared community backyard

Building Details

Tenancy Multi
Listing Agency: Keller Williams Arizona Realty
Listed By: Rick Horst · License #SA640657000
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 3:00PM

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 Keller Williams Arizona Realty

Investment Insights

Based on property information with market context.

This fully renovated 4plex includes four 2-bedroom, 1-bath units. Each unit features all tile flooring, gas stoves, stainless steel appliances, quartz countertops, new cabinets, and newly installed fixtures. The property also offers neutral paint and a shared community backyard. New AC and new ceiling fans are in place throughout the units.

The property is located on W 2nd St in Tempe and is described as being close to ASU, Shops on Mill Ave, Tempe Town Lake, and freeways.

For tenants seeking a straightforward, consistent layout, the building provides uniform 2-bedroom, 1-bath unit finishes and modern updates across all four homes.

Key Highlights

  • Fully renovated 4‑plex with four 2‑bedroom, 1‑bath units
  • Each unit features tile flooring, gas stoves, stainless steel appliances, quartz countertops, and new cabinets
  • All units have new AC and new ceiling fans

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Storage Facility

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
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

962
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
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Frequently Asked Questions

What type of property is this?
Quadplex - Fully renovated 4plex features four 2-bedroom, 1-bath units with new AC and updated finishes.
Where is this quadplex located?
The property is located at 504 W 2nd St Tempe, AZ.
What are key features of this property?
This property features: Fully renovated 4‑plex with four 2‑bedroom, 1‑bath units; Each unit features tile flooring, gas stoves, stainless steel appliances, quartz countertops, and new cabinets; All units have new AC and new ceiling fans
More about this property
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