Quadplex with Attached Retail
For Sale
Contact for pricing
2423 E Apache Blvd, Tempe, AZ 85281
Fourplex and attached retail space on an acre lot, with the retail currently operating as a flower shop.
Property Size7,750 SF
Lot Size1.00 Acre
Days on Market149
Property Features for 2423 E Apache Blvd
General Information
Standard status
Active
Size
7,750 SF
Lot size
1.00 Acre
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
covered parking
flood irrigation
Listing Agency:
Get MULTIfamily
Listed By:
Patrick O'Sullivan, CCIM · License #BR634211000
(602) 842-5050
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 11:52AM
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 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.
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
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,189
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
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
