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6-Unit Apartment Building
New
For Sale
$1,300,000

601 S Hardy Drive, Tempe, AZ 85281

Two single-story triplex buildings create a compact multifamily property near Tempe’s downtown district and ASU.

Property SizeContact for details
Lot Size0.38 Acres
Days on Market7

Property Features for 601 S Hardy Drive

General Information

Standard status Active
Lot size 0.38 Acres
Property subtype MULTI_FAMILY

Additional Details

Multifamily Units 6

Taxes and HOA fees

Annual Taxes $1,647

Building Details

Year Built 1980
Buildings 2
Stories 1
Listing Agency: Coldwell Banker Commercial Realty
Listed By: Terry J Kass · License #BR503783000
Source: Alexiabertsatos
Added: Sep 2 Changed: Sep 4 Last Checked: Sep 7 at 9:58AM

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 Coldwell Banker Commercial Realty

Investment Insights

Based on property information with market context.

Built in 1980, this six-unit apartment property consists of two adjacent, single-story triplex buildings. Each structure occupies its own parcel, with the combined site extending approximately 0.38 acres. The configuration provides a straightforward multifamily layout across two separate improvements.

The property is positioned near central Tempe, approximately 1.3 miles from Arizona State University's Tempe campus. Mill Avenue, Tempe Town Lake, Marina Heights, and the Novus Innovation Corridor are also identified in the surrounding area, along with employment, educational, and entertainment destinations.

Key Highlights

  • Six‑unit multifamily property
  • Two adjacent single‑story triplex buildings
  • Approximately 0.38 combined acres

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Tanning Salon Pet Store 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

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,167
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?
Apartment building - Two single-story triplex buildings create a compact multifamily property near Tempe’s downtown district and ASU.
Where is this apartment building located?
The property is located at 601 S Hardy Drive Tempe, AZ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Six‑unit multifamily property; Two adjacent single‑story triplex buildings; Approximately 0.38 combined acres
More about this property
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