Duplex with Updated
For Sale
$749,999
421 S TERRY Lane, Tempe, AZ 85281
Multiple Dwellings, Tempe, AZ
Property SizeContact for details
Days on Market99
Property Features for 421 S TERRY Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 4, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2
Parking features
Assigned
Appliances
Disposal, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer
Subdivision
MERCADO HOMES
Elementary school
Scales Technology Academy
Middle school
Geneva Epps Mosley Middle 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
From Loop 202, exit south on Priest Dr. Turn right (west) on 5th St., then left on Terry Ln. Property is located on the right-hand side.
Standard status
Active
APN
124-29-001-K
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1729
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Amenities
W/D
refrigerators
blinds
granite countertops
stainless steel appliances
wood-look tile flooring
private patios
low-maintenance outdoor space
Building Details
Year built
1985
Number of units
2
Flooring type
Carpet, Tile - Ceramic
Building materials
Wood Frame, Painted, Stucco
Roof type
Tile, Built-Up
Listing Agency:
Realty ONE Group
(480) 321-8100
Listed By:
Nicole John
(928) 322-1997
Added: Jul 22
Changed: Oct 27
Last Checked: Oct 28 at 9:06AM
MLS# 7057410
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.
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Investment Insights
Based on property information with market context.
This R-3-zoned duplex contains two rented units, each with a washer and dryer, refrigerator, and blinds. Recent improvements include new roofs on both sides, plus a new air-conditioning unit and water heater in one unit. The building dates to 1985 and has central air, electric heat, and assigned parking.
Both residences have private patios. The property is in Tempe, with access to Loop 202, SR-143, and I-10, and is near Arizona State University, Sky Harbor International Airport, Downtown Tempe, and Tempe Town Lake.
Both residences have private patios. The property is in Tempe, with access to Loop 202, SR-143, and I-10, and is near Arizona State University, Sky Harbor International Airport, Downtown Tempe, and Tempe Town Lake.
Key Highlights
- Two rented units
- New roofs on both sides of the duplex
- One unit has a new air‑conditioning unit and water heater
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
962
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences include appliances and private patios, with R-3 zoning.
Where is this duplex located?
The property is located at 421 S TERRY Lane Tempe, AZ.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Two rented units; New roofs on both sides of the duplex; One unit has a new air‑conditioning unit and water heater
