2423 E Apache Blvd Tempe, AZ 85281

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Listed by Patrick O'Sullivan, CCIM · License #BR634211000

Source Crexi

Added: Apr 12 Updated: Jul 23 at 12:43AM Checked: Jul 23 at 12:43AM

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Investment Insights

Based on property information with market context.

This Tempe property combines a fourplex and attached retail space on an acre lot. The residential portion includes four units: two 2-bedroom, 1-bath units at 850 SF and 1,000 SF; one 2-bedroom, 2-bath unit at 1,400 SF; and one 3-bedroom, 1-bath unit at 1,500 SF. Some work is needed, and the home configuration supports a live-work concept with the retail attached to the residential structure.

The retail space is currently being used as a flower shop. It includes 1,500 SF of retail area plus a 300 SF basement and additional shed space measuring 1,200 SF. The property also notes flood irrigation, covered parking, and proximity to the light rail station, with easy access to the 101 freeway. Additional nearby context mentioned includes ASU, Tempe Market Place, and the canal for running and biking.

The large lot provides room for maintaining the current setup or pursuing additional multifamily development, or leaving the extra land for garden use.

Key Highlights

• Huge Tempe 4‑plex on a 1‑acre lot with attached retail space
• Four residential units: two 2 bed/1 bath (850 SF, 1,000 SF), one 2 bed/2 bath (1,400 SF), and one 3 bed/1 bath (1,500 SF)
• Retail space totals 1,500 SF plus a 300 SF basement and 1,200 SF shed space, currently operating as a flower shop

Property Analytics

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FAQs

What type of property is this?

Quadplex - Fourplex and attached retail space on an acre lot, with the retail currently operating as a flower shop.

Where is this quadplex located?

The property is located at 2423 E Apache Blvd Tempe, AZ.

What are key features of this property?

This property features: Huge Tempe 4‑plex on a 1‑acre lot with attached retail space; Four residential units: two 2 bed/1 bath (850 SF, 1,000 SF), one 2 bed/2 bath (1,400 SF), and one 3 bed/1 bath (1,500 SF); Retail space totals 1,500 SF plus a 300 SF basement and 1,200 SF shed space, currently operating as a flower shop