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Four-Plex Residential Income Property
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1301 W 3rd St, Tempe, AZ 85281

Four rental units include two 2-bedroom/1-bath and two 1-bedroom/1-bath homes with front patios and enclosed yard areas.

Property SizeContact for details
Days on Market125

Property Features for 1301 W 3rd St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Highway Access Yes
Multifamily Units 4

Amenities

front patios
enclosed yards
shared laundry room
parking in the back

Building Details

Tenancy Multi
Listing Agency: Get MULTIfamily
Listed By: Patrick O'Sullivan, CCIM · License #BR634211000
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 6:33PM

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 Get MULTIfamily

Investment Insights

Based on property information with market context.

This four-unit residential income property consists of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units. Each unit features a front patio, and the one-bedroom units have enclosed yards. The building includes a shared laundry room and parking located in the back.

The property is located at 1301 W 3rd St in Tempe, AZ. All four units are currently rented on either month-to-month arrangements or leases set to end soon. The offering is presented as a value-add opportunity with potential for upgrades.

Prospective tenants and buyers should note that residents are currently in place, and access for showings would require coordination.

Key Highlights

  • 4‑plex in Tempe with 2 two‑bedroom/1‑bath units and 2 one‑bedroom/1‑bath units
  • Each unit has a front patio; one‑bedroom units also include enclosed yard areas
  • Shared laundry room and back parking area

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Locksmith Pet Store Nursing Home 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
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,321
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 - Four rental units include two 2-bedroom/1-bath and two 1-bedroom/1-bath homes with front patios and enclosed yard areas.
Where is this quadplex located?
The property is located at 1301 W 3rd St Tempe, AZ.
What are key features of this property?
This property features: 4‑plex in Tempe with 2 two‑bedroom/1‑bath units and 2 one‑bedroom/1‑bath units; Each unit has a front patio; one‑bedroom units also include enclosed yard areas; Shared laundry room and back parking area
(602) 842-5050 Call to check price and availability
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